Republic Bancorp, Inc. (NASDAQ:RBCAA – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $49.68 and traded as high as $53.88. Republic Bancorp shares last traded at $53.82, with a volume of 30,609 shares changing hands.
Wall Street Analyst Weigh In
Separately, Hovde Group assumed coverage on Republic Bancorp in a research report on Monday, March 4th. They issued an “outperform” rating for the company.
View Our Latest Stock Report on RBCAA
Republic Bancorp Trading Up 2.3 %
Insider Buying and Selling at Republic Bancorp
In related news, Director Michael T. Rust sold 1,400 shares of Republic Bancorp stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $47.43, for a total value of $66,402.00. Following the completion of the sale, the director now directly owns 20,772 shares in the company, valued at approximately $985,215.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 55.50% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its position in Republic Bancorp by 27.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,274 shares of the bank’s stock worth $144,000 after purchasing an additional 705 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Republic Bancorp in the 3rd quarter worth approximately $171,000. BNP Paribas Financial Markets boosted its holdings in shares of Republic Bancorp by 82.7% in the first quarter. BNP Paribas Financial Markets now owns 4,258 shares of the bank’s stock worth $217,000 after buying an additional 1,927 shares during the last quarter. Money Concepts Capital Corp bought a new stake in Republic Bancorp during the third quarter valued at approximately $201,000. Finally, Barlow Wealth Partners Inc. purchased a new stake in Republic Bancorp during the fourth quarter valued at approximately $298,000. Institutional investors own 24.37% of the company’s stock.
Republic Bancorp Company Profile
Republic Bancorp, Inc operates as a bank holding company for Republic Bank & Trust Company that provides various banking products and services in the United States. It operates in six segments: Traditional Banking, Warehouse, Mortgage Banking, Tax Refund Solutions, Republic Payment Solutions, and Republic Credit Solutions.
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