Republic Bancorp, Inc. (NASDAQ:RBCAA – Get Rating) hit a new 52-week low on Monday . The company traded as low as $39.70 and last traded at $40.72, with a volume of 15 shares changing hands. The stock had previously closed at $39.91.
Analyst Ratings Changes
A number of brokerages have weighed in on RBCAA. StockNews.com raised Republic Bancorp from a “hold” rating to a “buy” rating in a research report on Wednesday. Piper Sandler lowered Republic Bancorp from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $53.50 to $50.00 in a research report on Monday, July 25th.
Republic Bancorp Trading Down 0.0 %
The firm has a market capitalization of $824.16 million, a P/E ratio of 9.30 and a beta of 0.51. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.02. The stock has a 50-day simple moving average of $44.60 and a two-hundred day simple moving average of $44.95.
Republic Bancorp Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Friday, September 16th will be given a $0.341 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Thursday, September 15th. Republic Bancorp’s payout ratio is 30.70%.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the stock. Lazard Asset Management LLC purchased a new position in Republic Bancorp during the 2nd quarter worth $31,000. Amalgamated Bank purchased a new position in Republic Bancorp during the 1st quarter worth $50,000. Acadian Asset Management LLC purchased a new position in Republic Bancorp during the 4th quarter worth $69,000. SeaCrest Wealth Management LLC purchased a new position in Republic Bancorp during the 2nd quarter worth $148,000. Finally, SG Americas Securities LLC purchased a new position in Republic Bancorp during the 2nd quarter worth $166,000. 24.68% of the stock is owned by institutional investors.
Republic Bancorp Company Profile
Republic Bancorp, Inc, a financial holding company, provides various banking products and services in the United States. It operates in five segments: Traditional Banking, Warehouse, Mortgage Banking, Tax Refund Solutions, and Republic Credit Solutions. The company accepts demand, money market accounts, savings, individual retirement accounts, time, brokered, and other certificates of deposit.
- Get a free copy of the StockNews.com research report on Republic Bancorp (RBCAA)
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