Republic Bancorp (NASDAQ:RBCAA) Sees Unusually-High Trading Volume – Time to Buy?

Republic Bancorp, Inc. (NASDAQ:RBCAA) saw strong trading volume on Tuesday . Approximately 67,498 shares changed hands during mid-day trading, a decline of 8% from the previous session’s volume of 72,981 shares.The stock last traded at $91.68 and had previously closed at $91.09.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. 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 analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

Republic Bancorp Stock Performance

The company has a market cap of $1.80 billion, a P/E ratio of 14.14 and a beta of 0.56. 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’s 50-day moving average price is $82.24 and its 200 day moving average price is $75.09.

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

Republic Bancorp Announces Dividend

The business also recently disclosed 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 annualized dividend and a dividend yield of 2.2%. Republic Bancorp’s payout ratio is presently 30.56%.

Insider Transactions at Republic Bancorp

In related news, EVP Christy Ames sold 340 shares of the stock in a transaction dated Thursday, June 11th. The shares were 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 in the company, valued at approximately $540,145.50. This trade represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Anthony T. Powell sold 3,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $83.54, for a total value of $250,620.00. Following the transaction, the executive vice president owned 24,691 shares in the company, valued at $2,062,686.14. This represents a 10.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 55.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Republic Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP bought a new position in shares of Republic Bancorp during the 3rd quarter worth about $27,000. Russell Investments Group Ltd. boosted its holdings in Republic Bancorp by 2,561.3% during the third quarter. Russell Investments Group Ltd. now owns 825 shares of the bank’s stock valued at $60,000 after purchasing an additional 794 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of Republic Bancorp by 541.2% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,757 shares of the bank’s stock valued at $121,000 after purchasing an additional 1,483 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Republic Bancorp in the 2nd quarter worth approximately $121,000. Finally, BNP Paribas Financial Markets grew its position in Republic Bancorp by 46.4% in the second quarter. BNP Paribas Financial Markets now owns 1,887 shares of the bank’s stock valued at $138,000 after acquiring an additional 598 shares during the period. Institutional investors own 24.37% of the company’s stock.

Republic Bancorp Company Profile

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.