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

Republic Bancorp, Inc. (NASDAQ:RBCAA)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-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 traded.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on RBCAA shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Republic Bancorp in a research report on Tuesday, June 9th. Wall Street Zen raised shares of Republic Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, Republic Bancorp has an average rating of “Moderate Buy”.

Republic Bancorp Trading Up 1.0%

The stock has a 50 day moving average of $79.10 and a 200-day moving average of $73.80. The company has a market capitalization of $1.68 billion, a P/E ratio of 13.21 and a beta of 0.58. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.32.

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

Republic Bancorp Dividend Announcement

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

Insiders Place Their Bets

In other Republic Bancorp news, EVP Anthony T. Powell sold 3,000 shares of the 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 sale, the executive vice president owned 24,691 shares in the company, valued at approximately $2,062,686.14. This represents a 10.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Christy Ames sold 340 shares of the firm’s 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 sale, the executive vice president directly owned 6,145 shares in the company, valued at approximately $540,145.50. This represents a 5.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 55.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Republic Bancorp

A number of hedge funds have recently made changes to their positions in RBCAA. Quarry LP bought a new stake in Republic Bancorp during the 3rd quarter valued at approximately $27,000. Russell Investments Group Ltd. grew its holdings in Republic Bancorp by 2,561.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 825 shares of the bank’s stock valued at $60,000 after buying an additional 794 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of Republic Bancorp by 541.2% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,757 shares of the bank’s stock valued at $121,000 after buying an additional 1,483 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Republic Bancorp during the second quarter valued at approximately $121,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Republic Bancorp by 46.4% in the second quarter. BNP Paribas Financial Markets now owns 1,887 shares of the bank’s stock worth $138,000 after buying an additional 598 shares in the last quarter. 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.