Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Sells $15,625.00 in Stock

Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Steven E. Deweese sold 250 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $62.50, for a total transaction of $15,625.00. Following the transaction, the executive vice president now owns 31,414 shares in the company, valued at approximately $1,963,375. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Republic Bancorp Stock Up 0.9 %

RBCAA stock traded up $0.59 during trading on Monday, reaching $65.27. 13,060 shares of the stock were exchanged, compared to its average volume of 17,246. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39. Republic Bancorp, Inc. has a twelve month low of $42.42 and a twelve month high of $69.00. The firm’s 50 day moving average is $61.08 and its 200 day moving average is $54.31. The firm has a market cap of $1.27 billion, a P/E ratio of 13.59 and a beta of 0.52.

Republic Bancorp (NASDAQ:RBCAA) last issued its earnings results on Friday, July 19th. The bank reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). The firm had revenue of $116.05 million for the quarter. Republic Bancorp had a return on equity of 10.50% and a net margin of 20.41%.

Republic Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.407 per share. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date is Friday, September 20th. Republic Bancorp’s dividend payout ratio is currently 34.24%.

Institutional Investors Weigh In On Republic Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the business. Innealta Capital LLC bought a new stake in Republic Bancorp during the second quarter worth $67,000. Acadian Asset Management LLC bought a new stake in shares of Republic Bancorp in the 2nd quarter worth $87,000. Independence Bank of Kentucky raised its holdings in shares of Republic Bancorp by 4,133.3% in the second quarter. Independence Bank of Kentucky now owns 3,175 shares of the bank’s stock valued at $170,000 after purchasing an additional 3,100 shares during the last quarter. BNP Paribas Financial Markets raised 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 valued at $217,000 after purchasing an additional 1,927 shares during the last quarter. Finally, RPS Advisory Solutions LLC bought a new position in shares of Republic Bancorp during the second quarter valued at about $226,000. Institutional investors and hedge funds own 24.37% of the company’s stock.

About Republic Bancorp

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.