Republic Bancorp (NASDAQ:RBCAA) Trading Down 4.1%

Republic Bancorp, Inc. (NASDAQ:RBCAA)’s stock price traded down 4.1% during trading on Friday . The company traded as low as $48.90 and last traded at $48.90. 1,988 shares changed hands during trading, a decline of 88% from the average session volume of 16,919 shares. The stock had previously closed at $50.97.

Wall Street Analyst Weigh In

Separately, Hovde Group initiated coverage on Republic Bancorp in a research report on Monday, March 4th. They set an “outperform” rating for the company.

Republic Bancorp Price Performance

The business has a 50-day moving average price of $51.59 and a two-hundred day moving average price of $51.07. 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 company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 11.26 and a beta of 0.56.

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

Republic Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, June 21st will be paid a $0.407 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $1.63 annualized dividend and a dividend yield of 3.04%. Republic Bancorp’s payout ratio is 34.24%.

Institutional Investors Weigh In On Republic Bancorp

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in shares of Republic Bancorp by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 927,375 shares of the bank’s stock valued at $51,155,000 after acquiring an additional 15,040 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Republic Bancorp by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 500,726 shares of the bank’s stock valued at $25,537,000 after purchasing an additional 2,043 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Republic Bancorp by 0.7% during the 4th 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 during the period. Empowered Funds LLC boosted its holdings in shares of Republic Bancorp by 8.1% in the 1st quarter. Empowered Funds LLC now owns 56,301 shares of the bank’s stock worth $2,871,000 after buying an additional 4,200 shares during the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its position in Republic Bancorp by 0.6% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 44,226 shares of the bank’s stock valued at $2,440,000 after buying an additional 250 shares during the period. Hedge funds and other institutional investors own 24.37% of the company’s stock.

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.