Republic Bancorp (NASDAQ:RBCAA) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Republic Bancorp, Inc. (NASDAQ:RBCAA)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $65.84 and traded as high as $67.26. Republic Bancorp shares last traded at $66.65, with a volume of 18,475 shares changing hands.

Analysts Set New Price Targets

Separately, Hovde Group lowered Republic Bancorp from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $78.00 to $80.00 in a report on Wednesday, November 13th.

Republic Bancorp Stock Performance

The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.38. The firm has a fifty day moving average of $73.58 and a 200-day moving average of $65.84. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 12.67 and a beta of 0.56.

Republic Bancorp (NASDAQ:RBCAA) last announced its earnings results on Friday, October 18th. The bank reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.16. Republic Bancorp had a return on equity of 10.79% and a net margin of 20.65%. The firm had revenue of $118.36 million for the quarter.

Republic Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 20th will be paid a $0.407 dividend. This represents a $1.63 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Friday, December 20th. Republic Bancorp’s payout ratio is 30.80%.

Insider Buying and Selling at Republic Bancorp

In other news, Director Heather V. Howell sold 1,496 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $75.63, for a total transaction of $113,142.48. Following the sale, the director now owns 7,491 shares in the company, valued at $566,544.33. This trade represents a 16.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 55.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Republic Bancorp

Large investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC purchased a new position in Republic Bancorp during the second quarter worth approximately $87,000. SG Americas Securities LLC acquired a new stake in shares of Republic Bancorp during the 3rd quarter worth $205,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Republic Bancorp during the 3rd quarter worth $208,000. The Manufacturers Life Insurance Company purchased a new position in shares of Republic Bancorp in the 3rd quarter worth $224,000. Finally, Hohimer Wealth Management LLC acquired a new position in Republic Bancorp in the third quarter valued at $227,000. 24.37% of the stock is currently 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.