Republic Bancorp (NASDAQ:RBCAA) Stock Price Passes Above 200 Day Moving Average of $51.00

Republic Bancorp, Inc. (NASDAQ:RBCAA) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $51.00 and traded as high as $53.14. Republic Bancorp shares last traded at $53.14, with a volume of 8,870 shares traded.

Republic Bancorp Price Performance

The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The firm’s 50 day simple moving average is $52.11 and its 200 day simple moving average is $51.04. The company has a market capitalization of $1.55 billion, a PE ratio of 12.00 and a beta of 0.54.

Republic Bancorp (NASDAQ:RBCAA) last issued its earnings results on Thursday, April 25th. The bank reported $1.58 earnings per share (EPS) for the quarter. The firm had revenue of $120.29 million during the quarter. Republic Bancorp had a net margin of 20.27% and a return on equity of 10.10%.

Republic Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, June 21st will be paid a $0.407 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 2.85%. The ex-dividend date of this dividend is Friday, June 21st. Republic Bancorp’s dividend payout ratio (DPR) is presently 34.24%.

Institutional Trading of Republic Bancorp

A number of hedge funds have recently added to or reduced their stakes in RBCAA. Formidable Asset Management LLC raised its holdings in Republic Bancorp by 0.8% in the fourth quarter. Formidable Asset Management LLC now owns 29,376 shares of the bank’s stock worth $1,620,000 after purchasing an additional 240 shares in the last quarter. Inspire Investing LLC raised its holdings in Republic Bancorp by 3.6% in the first quarter. Inspire Investing LLC now owns 7,076 shares of the bank’s stock worth $361,000 after purchasing an additional 245 shares in the last quarter. Cary Street Partners Investment Advisory LLC raised its holdings in Republic Bancorp by 0.6% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 44,226 shares of the bank’s stock worth $2,440,000 after purchasing an additional 250 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Republic Bancorp by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 7,405 shares of the bank’s stock worth $378,000 after purchasing an additional 624 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Republic Bancorp by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 97,399 shares of the bank’s stock worth $5,373,000 after purchasing an additional 704 shares in the last quarter. 24.37% of the stock is owned by hedge funds and other institutional investors.

Republic Bancorp Company Profile

Republic Bancorp, Inc operates as a bank holding company for Republic Bank & Trust Company that provides various banking products and services in the United States. It operates in six segments: Traditional Banking, Warehouse, Mortgage Banking, Tax Refund Solutions, Republic Payment Solutions, and Republic Credit Solutions.