The stock of Republic Bancorp, Inc. KY (NASDAQ:RBCAA) hit a new 52-week high and has $40.45 target or 9.00% above today’s $37.11 share price. The 7 months bullish chart indicates low risk for the $787.92M company. The 1-year high was reported on Nov, 25 by Barchart.com. If the $40.45 price target is reached, the company will be worth $70.91M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock decreased 0.48% or $0.18 during the last trading session, hitting $37.11. About 21,167 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 fall, 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.
Zacks Management accumulated 18,434 shares or 0.02% of the stock. Manufacturers Life Insur The holds 0% or 7,804 shares in its portfolio. Morgan Stanley holds 331,753 shares or 0% of its portfolio. Int Grp Incorporated holds 0% or 5,562 shares in its portfolio. Rhumbline Advisers owns 15,451 shares or 0% of their US portfolio. Parametric Associates Ltd Liability Corporation holds 51,930 shares or 0% of its portfolio. Prudential Financial Incorporated holds 23,187 shares or 0% of its portfolio. Legal & General Gp Plc accumulated 0% or 1,680 shares. Blackrock Japan Ltd has 17 shares for 0% of their US portfolio. Bridgeway Capital holds 0.02% or 47,450 shares in its portfolio. Teachers Advsr has invested 0% of its portfolio in Republic Bancorp, Inc. KY (NASDAQ:RBCAA). Bnp Paribas Arbitrage Sa has 375 shares for 0% of their US portfolio. California State Teachers Retirement System has 0% invested in the company for 20,260 shares. Mcf Ltd Co has 9,520 shares for 0.06% of their US portfolio. Metropolitan Life Insurance New York owns 7,971 shares or 0% of their US portfolio.
Insider Transactions: Since November 18, 2016, the stock had 0 insider buys, and 1 sale for $179,784 net activity. DeWeese Steven E had sold 5,000 shares worth $179,784.
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.
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