Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Republic Bancorp Inc before investing.

In this article, we go over a few key elements for understanding Republic Bancorp Inc’s stock price such as:

• Republic Bancorp Inc’s current stock price and volume
• Why Republic Bancorp Inc’s stock price changed recently
• Upgrades and downgrades for RBCAA from analysts
• RBCAA’s stock price momentum as measured by its relative strength

About Republic Bancorp Inc (RBCAA)

Before we jump into Republic Bancorp Inc’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Republic Bancorp, Inc. is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc (the Captive). The Bank provides both traditional and non-traditional banking products. Its segments include Traditional Banking, Warehouse, Mortgage Banking, Tax Refund Solutions (TRS), Republic Payment Solutions (RPS), and Republic Credit Solutions (RCS). Its Traditional Banking products and services are offered through the Company's traditional RB&T; brand. The Warehouse segment provides short-term, revolving credit facilities to mortgage bankers across the United States. Mortgage Banking activities primarily include fixed-term single-family, first-lien residential real estate loans. Through the TRS segment, the Bank facilitates the receipt and payment of federal and state tax refund products and offers a credit product through third-party tax preparers. The RPS segment offers a range of payments-related products and services to consumers.

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Republic Bancorp Inc’s Stock Price as of Market Close

As of June 21, 2024, 4:00 PM, CST, Republic Bancorp Inc’s stock price was $48.71.

Republic Bancorp Inc is down 5.05% from its previous closing price of $51.30.

During the last market session, Republic Bancorp Inc’s stock traded between $51.00 and $51.90. Currently, there are 19.61 million shares of Republic Bancorp Inc stock available for purchase.

Republic Bancorp Inc’s price-earnings (P/E) ratio is currently at 10.9, which is high compared to the Banks industry median of 9.9. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Republic Bancorp Inc Stock Price History

Republic Bancorp Inc’s (RBCAA) price is currently down 5.95% so far this month.

During the month of June, Republic Bancorp Inc’s stock price has reached a high of $52.16 and a low of $48.67.

Over the last year, Republic Bancorp Inc has hit prices as high as $57.54 and as low as $41.35. Year to date, Republic Bancorp Inc’s stock is up 19.04%.

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What Caused Republic Bancorp Inc Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of June 20, 2024, there were 0 analysts who downgraded Republic Bancorp Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Republic Bancorp Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Republic Bancorp Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Republic Bancorp Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Republic Bancorp Inc (RBCAA) by visiting AAII Stock Evaluator.

Relative Price Strength of Republic Bancorp Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of June 20, 2024, Republic Bancorp Inc has a weighted four-quarter relative price strength of -1.67%, which translates to a Momentum Score of 68 and is considered to be Strong.

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Republic Bancorp Inc Stock Price: Bottom Line

As of June 21, 2024, Republic Bancorp Inc’s stock price is $48.71, which is down 5.05% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Republic Bancorp Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.