Republic Bancorp (NASDAQ:RBCAA) Sees Unusually-High Trading Volume – What’s Next?

Republic Bancorp, Inc. (NASDAQ:RBCAA) shares saw unusually-strong trading volume on Tuesday . Approximately 51,134 shares changed hands during mid-day trading, an increase of 20% from the previous session’s volume of 42,451 shares.The stock last traded at $69.10 and had previously closed at $69.37.

Analyst Ratings Changes

A number of research analysts have recently commented on RBCAA shares. Weiss Ratings reissued a “buy (b)” rating on shares of Republic Bancorp in a report on Thursday, January 22nd. Wall Street Zen lowered Republic Bancorp from a “hold” rating to a “sell” rating in a report on Saturday. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $69.00.

Republic Bancorp Stock Down 1.2%

The company has a debt-to-equity ratio of 0.46, a current ratio of 1.08 and a quick ratio of 1.05. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 10.26 and a beta of 0.59. The firm has a 50 day moving average price of $71.11 and a 200-day moving average price of $70.89.

Republic Bancorp (NASDAQ:RBCAA) last announced its quarterly earnings data on Friday, January 30th. The bank reported $1.17 EPS for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.13). The firm had revenue of $94.27 million during the quarter, compared to analyst estimates of $92.50 million. Republic Bancorp had a return on equity of 12.27% and a net margin of 25.19%.

Republic Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Friday, March 20th will be paid a $0.495 dividend. This is a boost from Republic Bancorp’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Friday, March 20th. This represents a $1.98 annualized dividend and a dividend yield of 2.9%. Republic Bancorp’s payout ratio is 26.79%.

Institutional Investors Weigh In On Republic Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of the business. Quarry LP acquired a new position in Republic Bancorp in the third quarter valued at approximately $27,000. State of Alaska Department of Revenue bought a new position in Republic Bancorp in the third quarter valued at approximately $50,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Republic Bancorp during the 3rd quarter worth $60,000. Russell Investments Group Ltd. grew its holdings in Republic Bancorp by 2,561.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 825 shares of the bank’s stock worth $60,000 after acquiring an additional 794 shares during the period. Finally, Quent Capital LLC bought a new stake in shares of Republic Bancorp during the 3rd quarter valued at $73,000. 24.37% of the stock is 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.