Republic Bancorp (NASDAQ:RBCAA) Reaches New 1-Year High – Still a Buy?

Republic Bancorp, Inc. (NASDAQ:RBCAA)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $78.44 and last traded at $78.4250, with a volume of 26204 shares changing hands. The stock had previously closed at $77.55.

Analysts Set New Price Targets

Several equities analysts recently issued reports on RBCAA shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Republic Bancorp in a report on Thursday, January 22nd. Wall Street Zen upgraded Republic Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. One equities 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 company presently has an average rating of “Moderate Buy”.

Republic Bancorp Stock Performance

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 cap of $1.53 billion, a P/E ratio of 12.04 and a beta of 0.57. The stock has a fifty day simple moving average of $72.75 and a 200-day simple moving average of $71.05.

Republic Bancorp (NASDAQ:RBCAA) last issued its 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. Republic Bancorp had a return on equity of 11.32% and a net margin of 25.22%.The firm had revenue of $114.57 million for the quarter, compared to analysts’ expectations of $96.60 million.

Institutional Investors Weigh In On Republic Bancorp

A number of hedge funds have recently modified their holdings of the business. Dimensional Fund Advisors LP raised its position 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 worth $65,496,000 after purchasing an additional 5,656 shares during the period. American Century Companies Inc. raised its position in shares of Republic Bancorp by 11.0% during 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 period. State Street Corp raised its position in shares of Republic Bancorp by 1.0% during the fourth 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 raised its position in shares of Republic Bancorp by 5.3% during the fourth 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 position in shares of Republic Bancorp by 6.1% during the first quarter. Empowered Funds LLC now owns 78,246 shares of the bank’s stock worth $5,520,000 after purchasing an additional 4,511 shares during the period. Institutional investors and hedge funds 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.