The stock of Republic Bancorp, Inc. KY (NASDAQ:RBCAA) reached all time high today, Nov, 24 and still has $39.53 target or 6.00% above today’s $37.29 share price. This indicates more upside for the $790.90M company. This technical setup was reported by Barchart.com. If the $39.53 PT is reached, the company will be worth $47.45M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 1.77% or $0.65 on November 23, hitting $37.29. About 17,076 shares traded hands. Republic Bancorp, Inc. KY (NASDAQ:RBCAA) has risen 40.82% since April 22, 2016 and is uptrending. It has outperformed by 35.41% the S&P500.
Analysts await Republic Bancorp, Inc. KY (NASDAQ:RBCAA) to report earnings on January, 27.
According to Zacks Investment Research, “Republic Bancorp, Inc. is a financial holding company.”
Insitutional Activity: The institutional sentiment decreased to 1.18 in 2016 Q2. Its down 0.96, from 2.14 in 2016Q1. The ratio turned negative, as 2 funds sold all Republic Bancorp, Inc. KY shares owned while 20 reduced positions. 9 funds bought stakes while 38 increased positions. They now own 5.07 million shares or 1.97% more from 4.97 million shares in 2016Q1.
Deutsche National Bank Ag has 5,312 shares for 0% of their US portfolio. Legal & General Public Limited Company holds 1,680 shares or 0% of its portfolio. Renaissance Techs Lc last reported 36,800 shares in the company. Blackrock Inc last reported 0% of its portfolio in the stock. Parametric Portfolio Associate Limited Liability Corporation has 51,930 shares for 0% of their US portfolio. Bank Of Montreal Can has invested 0% of its portfolio in Republic Bancorp, Inc. KY (NASDAQ:RBCAA). Blackrock Ltd Liability Corp has invested 0% of its portfolio in Republic Bancorp, Inc. KY (NASDAQ:RBCAA). The New York-based Tiaa Cref Mngmt Limited Company has invested 0% in Republic Bancorp, Inc. KY (NASDAQ:RBCAA). Stadium Capital Management Limited Company holds 4% or 447,879 shares in its portfolio. Manufacturers Life Insur Company The has 0% invested in the company for 7,804 shares. Blackrock Fund Advisors holds 0% of its portfolio in Republic Bancorp, Inc. KY (NASDAQ:RBCAA) for 250,959 shares. State Street holds 164,266 shares or 0% of its portfolio. The New York-based Citigroup has invested 0% in Republic Bancorp, Inc. KY (NASDAQ:RBCAA). Vanguard Inc accumulated 407,383 shares or 0% of the stock. Mcf Advsr Lc has 0.06% invested in the company for 9,520 shares.
Insider Transactions: Since November 18, 2016, the stock had 0 buys, and 1 sale for $179,784 net activity. $179,784 worth of Republic Bancorp, Inc. KY (NASDAQ:RBCAA) was sold by DeWeese Steven E.
More important recent Republic Bancorp, Inc. KY (NASDAQ:RBCAA) news were published by: Businesswire.com which released: “Republic Bancorp, Inc. Declares Common Stock Dividends” on November 16, 2016, also Businesswire.com published article titled: “Republic Bancorp, Inc. Completes Acquisition of Cornerstone Bancorp, Inc.”, Bizjournals.com published: “Kentucky’s Republic Bank buys Cornerstone Community Bank” on October 07, 2015. More interesting news about Republic Bancorp, Inc. KY (NASDAQ:RBCAA) was released by: Bizjournals.com and their article: “Report: Louisville bank lands in top 10 of best-performing U.S. banks” with publication date: August 03, 2015.
RBCAA Company Profile
Republic Bancorp, Inc. (Republic), incorporated on January 2, 1974, is a financial holding firm of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc. (the Captive). The Bank is a Kentucky-based, state chartered non-member financial institution. The Captive is an insurance subsidiary of the Company. The Captive provides property and casualty insurance coverage to the Company and the Bank, as well as approximately eight other third-party insurance captives for which insurance may not be available. Republic Bancorp Capital Trust is a subsidiary of Republic Bancorp, Inc. The Firm operates in four divisions: Traditional Banking, Warehouse Lending (Warehouse), Mortgage Banking and Republic Processing Group (RPG). The Traditional Banking segment provides traditional banking products to customers. The Warehouse Lending segment provides short-term, revolving credit facilities to mortgage bankers across the nation. The Mortgage Banking segment originates, sells and services long-term, single family, first lien residential real estate loans. The RPG segment facilitates the receipt and payment of federal and state tax refund products. In addition to Internet Banking and Correspondent Lending delivery channels, the Company has approximately 44 full-service banking centers.