Republic Bancorp (NASDAQ:RBCAA) Shares Pass Above Two Hundred Day Moving Average – What’s Next?
by Teresa Graham · The Cerbat GemRepublic Bancorp, Inc. (NASDAQ:RBCAA – Get Free Report)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $70.85 and traded as high as $77.60. Republic Bancorp shares last traded at $76.67, with a volume of 97,035 shares trading hands.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on RBCAA shares. Wall Street Zen upgraded Republic Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings restated a “buy (b)” rating on shares of Republic Bancorp in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.
Read Our Latest Research Report on RBCAA
Republic Bancorp Price Performance
The stock has a 50-day moving average price of $72.41 and a 200 day moving average price of $70.88. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.06 and a quick ratio of 1.05. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 11.65 and a beta of 0.57.
Republic Bancorp (NASDAQ:RBCAA – Get Free Report) last posted 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 return on equity of 11.32% and a net margin of 25.22%.The business had revenue of $114.57 million for the quarter, compared to analysts’ expectations of $96.60 million.
Institutional Trading of Republic Bancorp
A number of hedge funds and other institutional investors have recently made changes to their positions in RBCAA. Quarry LP acquired a new stake in shares of Republic Bancorp during the third quarter worth about $27,000. State of Alaska Department of Revenue acquired a new stake in shares of Republic Bancorp during the third quarter worth about $50,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Republic Bancorp during the third quarter worth about $60,000. Russell Investments Group Ltd. increased its position in shares of Republic Bancorp by 2,561.3% during the third quarter. Russell Investments Group Ltd. now owns 825 shares of the bank’s stock worth $60,000 after purchasing an additional 794 shares in the last quarter. Finally, Quent Capital LLC purchased a new position in shares of Republic Bancorp during the third quarter worth about $73,000. Institutional investors and hedge funds 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.