Republic Bancorp (NASDAQ:RBCAA) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Republic Bancorp, Inc. (NASDAQ:RBCAA)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $73.80 and traded as high as $86.41. Republic Bancorp shares last traded at $85.62, with a volume of 128,216 shares.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on RBCAA shares. Wall Street Zen raised shares of Republic Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings reissued a “buy (b)” rating on shares of Republic Bancorp in a research report on Tuesday, June 9th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

Republic Bancorp Price Performance

The firm has a fifty day moving average price of $79.63 and a two-hundred day moving average price of $74.05. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $1.72 billion, a P/E ratio of 13.56 and a beta of 0.58.

Republic Bancorp (NASDAQ:RBCAA) last announced its quarterly earnings results on Thursday, April 23rd. The bank reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.63. The company had revenue of $114.57 million for the quarter, compared to analysts’ expectations of $96.60 million. Republic Bancorp had a net margin of 25.22% and a return on equity of 11.32%.

Republic Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, June 18th will be issued a dividend of $0.495 per share. The ex-dividend date is Thursday, June 18th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.3%. Republic Bancorp’s dividend payout ratio is presently 30.56%.

Insider Activity at Republic Bancorp

In other Republic Bancorp news, EVP Christy Ames sold 340 shares of Republic Bancorp stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $87.90, for a total value of $29,886.00. Following the completion of the sale, the executive vice president owned 6,145 shares of the company’s stock, valued at approximately $540,145.50. This trade represents a 5.24% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Anthony T. Powell sold 3,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $83.54, for a total value of $250,620.00. Following the completion of the transaction, the executive vice president owned 24,691 shares of the company’s stock, valued at $2,062,686.14. This represents a 10.83% decrease in their position. The SEC filing for this sale provides additional information. 55.90% of the stock is owned by company insiders.

Institutional Trading of Republic Bancorp

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its holdings in shares of Republic Bancorp by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 928,367 shares of the bank’s stock valued at $65,496,000 after purchasing an additional 5,656 shares during the last quarter. American Century Companies Inc. boosted its holdings in Republic Bancorp by 11.0% in the third quarter. American Century Companies Inc. now owns 265,298 shares of the bank’s stock worth $19,168,000 after purchasing an additional 26,319 shares during the last quarter. State Street Corp grew its position in Republic Bancorp by 1.0% in the 4th quarter. State Street Corp now owns 218,872 shares of the bank’s stock worth $15,195,000 after purchasing an additional 2,208 shares during the period. Bridgeway Capital Management LLC grew its position in Republic Bancorp by 5.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 123,097 shares of the bank’s stock worth $8,492,000 after purchasing an additional 6,189 shares during the period. Finally, Empowered Funds LLC raised its stake in Republic Bancorp by 6.1% during the 1st quarter. Empowered Funds LLC now owns 78,246 shares of the bank’s stock valued at $5,520,000 after buying an additional 4,511 shares during the last quarter. Hedge funds and other institutional investors own 24.37% of the company’s stock.

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.