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Forex

RBCAA Surges Past 200-Day Moving Average as Earnings Beat Estimates

Guavy AI Editorial Team
Instruments
CHF
Share

Republic Bancorp (NASDAQ:RBCAA) shares crossed above its 200-day moving average, reaching $92.21 on Thursday. The stock's 200-day moving average is $85.61, and it has a market capitalization of $1.81 billion.

The company reported quarterly earnings per share of $1.68 in July, beating analysts' estimates by $0.13. Republic Bancorp also announced a quarterly dividend of $0.4950 per share, with an annualized yield of 2.1%.

Analysts have been mixed on the stock, with one rating it 'Buy' and three holding a 'Hold' rating. The consensus price target is $98.00. Institutional investors such as Formidable Asset Management LLC and Swiss National Bank own shares in Republic Bancorp.

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