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Do Traders Think Republic Bancorp Inc (RBCAA) Can Keep Climbing Friday?

Friday, October 20, 2023 10:41 AM | InvestorsObserver Analysts

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Do Traders Think Republic Bancorp Inc (RBCAA) Can Keep Climbing Friday?

The market has been down on Republic Bancorp Inc (RBCAA) stock recently. RBCAA gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bearish
Republic Bancorp Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on RBCAA!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With RBCAA Stock Today?

Republic Bancorp Inc (RBCAA) stock is higher by 1.62% while the S&P 500 has fallen -0.84% as of 10:36 AM on Friday, Oct 20. RBCAA has gained $0.72 from the previous closing price of $44.35 on volume of 8,743 shares. Over the past year the S&P 500 is higher by 14.80% while RBCAA has gained 8.79%. RBCAA earned $4.43 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 10.17. To screen for more stocks like Republic Bancorp Inc click here.

More About Republic Bancorp Inc

Republic Bancorp Inc operates as a financial institution that provides both traditional and non-traditional banking products through five reportable segments. It has traditional banking, warehouse, mortgage banking, Tax Refund Solutions (TRS) and Republic Credit Solutions (RCS) business segments. The business activities of these segments include retail mortgage lending, commercial lending, construction and land development lending, internet lending, correspondent lending and indirect lending and also private banking, treasury management services, internet and mobile banking, bank acquisitions, short-term revolving credit facilities, fixed-term residential real estate loans and receipt and payment of federal and state tax refund products under the TRS division. Click Here to get the full Stock Report for Republic Bancorp Inc stock.

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