Republic Bancorp, Inc. (NASDAQ:RBCAA) Sees Large Increase in Short Interest

Republic Bancorp, Inc. (NASDAQ:RBCAA - Get Free Report) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 103,853 shares, an increase of 21.2% from the December 31st total of 85,712 shares. Based on an average daily trading volume, of 39,878 shares, the days-to-cover ratio is currently 2.6 days. Approximately 1.2% of the shares of the stock are short sold. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 39,878 shares, the days-to-cover ratio is currently 2.6 days.Get Republic Bancorp alerts:Hedge Funds Weigh In On Republic BancorpA number of institutional investors and hedge funds have recently modified their holdings of RBCAA. Quarry LP acquired a new position in shares of Republic Bancorp during the 3rd quarter valued at $27,000. CWM LLC grew its stake in shares of Republic Bancorp by 68.0% in the 2nd quarter. CWM LLC now owns 608 shares of the bank's stock valued at $44,000 after buying an additional 246 shares during the period. State of Alaska Department of Revenue acquired a new position in Republic Bancorp during the 3rd quarter worth approximately $50,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Republic Bancorp during the third quarter valued at approximately $60,000. Finally, Russell Investments Group Ltd. lifted its holdings in shares of Republic Bancorp by 2,561.3% in the 3rd 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. 24.37% of the stock is currently owned by institutional investors. Republic Bancorp Trading Down 0.2%RBCAA traded down $0.15 during midday trading on Tuesday, hitting $73.27. 24,769 shares of the company were exchanged, compared to its average volume of 35,471. The firm has a market capitalization of $1.43 billion, a P/E ratio of 10.90 and a beta of 0.60. The firm's 50 day moving average price is $70.98 and its 200-day moving average price is $71.13. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.35. Republic Bancorp has a 1-year low of $56.79 and a 1-year high of $78.25. Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last announced its earnings results on Friday, January 30th. The bank reported $1.17 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.13). Republic Bancorp had a net margin of 25.19% and a return on equity of 12.39%. The company had revenue of $94.27 million during the quarter, compared to the consensus estimate of $92.50 million. Republic Bancorp Increases DividendThe firm also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Friday, March 20th will be given a dividend of $0.495 per share. This represents a $1.98 annualized dividend and a dividend yield of 2.7%. The ex-dividend date is Friday, March 20th. This is a positive change from Republic Bancorp's previous quarterly dividend of $0.45. Republic Bancorp's dividend payout ratio is currently 29.46%. Analysts Set New Price TargetsRBCAA has been the subject of a number of research analyst reports. Wall Street Zen cut shares of Republic Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday. Weiss Ratings reiterated a "buy (b)" rating on shares of Republic Bancorp in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Republic Bancorp currently has a consensus rating of "Hold" and a consensus target price of $69.00.Get Our Latest Research Report on Republic BancorpAbout Republic Bancorp (Get Free Report)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.Featured StoriesFive stocks we like better than Republic BancorpThe day the gold market brokeForget AI, This Will Be the Next Big Tech Breakthrough~$1.5T SpaceX IPO: Pre-IPO OpportunityALERT: Drop these 5 stocks before the market opens tomorrow!Ticker Revealed: Pre-IPO Access to "Next Elon Musk" CompanyThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Republic Bancorp Right Now?Before you consider Republic Bancorp, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. 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