Republic Bancorp (NASDAQ:RBCAA) Reaches New 52-Week Low at $39.70

Republic Bancorp, Inc. (NASDAQ:RBCAAGet 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 (NASDAQ:RBCAAGet Rating) last released its quarterly earnings results on Friday, July 22nd. The bank reported $1.20 EPS for the quarter, topping the consensus estimate of $0.92 by $0.28. The firm had revenue of $81.80 million during the quarter, compared to analyst estimates of $72.20 million. Republic Bancorp had a return on equity of 10.38% and a net margin of 27.95%. On average, equities research analysts anticipate that Republic Bancorp, Inc. will post 4.02 earnings per share for the current year.

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

(Get Rating)

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.

Further Reading

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