Republic Bancorp (NASDAQ:RBCAA) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Republic Bancorp, Inc. (NASDAQ:RBCAA) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $70.85 and traded as high as $77.60. Republic Bancorp shares last traded at $76.67, with a volume of 97,035 shares changing hands.

Analyst Upgrades and Downgrades

RBCAA has been the subject of several research reports. Wall Street Zen upgraded Republic Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Republic Bancorp in a research report on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Republic Bancorp presently has an average rating of “Moderate Buy”.

Republic Bancorp Price Performance

The firm has a market capitalization of $1.50 billion, a P/E ratio of 11.83 and a beta of 0.57. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.06 and a quick ratio of 1.05. The company’s 50 day moving average price is $72.31 and its 200 day moving average price is $70.85.

Republic Bancorp (NASDAQ:RBCAA) last released its earnings results on Thursday, April 23rd. The bank reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.41 by $0.63. Republic Bancorp had a net margin of 25.22% and a return on equity of 11.32%. The company had revenue of $114.57 million for the quarter, compared to the consensus estimate of $96.60 million.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. AQR Capital Management LLC grew its position in Republic Bancorp by 199.8% in the first quarter. AQR Capital Management LLC now owns 11,649 shares of the bank’s stock valued at $743,000 after purchasing an additional 7,764 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Republic Bancorp by 5.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,945 shares of the bank’s stock valued at $316,000 after purchasing an additional 234 shares during the last quarter. Jane Street Group LLC bought a new position in Republic Bancorp during the 1st quarter worth $716,000. Rhumbline Advisers increased its position in Republic Bancorp by 3.9% during the second quarter. Rhumbline Advisers now owns 14,120 shares of the bank’s stock worth $1,032,000 after acquiring an additional 527 shares during the period. Finally, Norges Bank acquired a new stake in shares of Republic Bancorp in the second quarter valued at approximately $578,000. 24.37% of the stock is currently owned by institutional investors.

About Republic Bancorp

Republic Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, that operates through its principal subsidiary, Republic Bank & Trust Company. The company provides a full suite of commercial and retail banking services tailored to individuals, small businesses and middle‐market clients. Core offerings include deposit accounts, consumer and commercial lending, treasury and cash-management services, mortgage financing, SBA lending and wealth management solutions. Republic Bancorp also supports specialized financing needs through equipment leasing and small business advisory services.

Republic Bancorp’s branch network spans key markets in the U.S.