Republic Bancorp, Inc. (NASDAQ:RBCAA) Director David P. Feaster Sells 1,406 Shares

Republic Bancorp, Inc. (NASDAQ:RBCAA) Director David P. Feaster sold 1,406 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $66.42, for a total value of $93,386.52. Following the transaction, the director now directly owns 4,303 shares in the company, valued at $285,805.26. This trade represents a 24.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Republic Bancorp Trading Down 2.0 %

RBCAA stock traded down $1.33 during trading on Thursday, reaching $65.47. The company had a trading volume of 30,138 shares, compared to its average volume of 23,175. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.12 and a quick ratio of 1.11. Republic Bancorp, Inc. has a 52 week low of $46.55 and a 52 week high of $80.68. The business has a 50 day moving average of $71.61 and a 200 day moving average of $67.39. The company has a market cap of $1.27 billion, a P/E ratio of 12.45 and a beta of 0.56.

Republic Bancorp (NASDAQ:RBCAA) last issued its quarterly earnings results on Friday, January 24th. The bank reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.22). Republic Bancorp had a return on equity of 10.79% and a net margin of 20.65%.

Republic Bancorp Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be paid a $0.451 dividend. This is a boost from Republic Bancorp’s previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, March 21st. Republic Bancorp’s dividend payout ratio is currently 30.99%.

Analysts Set New Price Targets

Separately, Hovde Group cut their price target on shares of Republic Bancorp from $72.00 to $70.00 and set a “market perform” rating on the stock in a report on Monday.

Hedge Funds Weigh In On Republic Bancorp

Large investors have recently modified their holdings of the stock. Rhumbline Advisers lifted its position in Republic Bancorp by 4.1% in the 4th quarter. Rhumbline Advisers now owns 14,238 shares of the bank’s stock valued at $995,000 after acquiring an additional 567 shares in the last quarter. New York State Teachers Retirement System raised its position in Republic Bancorp by 659.0% in the 4th quarter. New York State Teachers Retirement System now owns 759 shares of the bank’s stock worth $53,000 after buying an additional 659 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Republic Bancorp by 5.0% during the 4th quarter. Empowered Funds LLC now owns 64,930 shares of the bank’s stock valued at $4,537,000 after acquiring an additional 3,105 shares during the last quarter. Baron Silver Stevens Financial Advisors LLC bought a new stake in shares of Republic Bancorp in the fourth quarter worth approximately $280,000. Finally, SG Americas Securities LLC raised its holdings in shares of Republic Bancorp by 22.8% during the fourth quarter. SG Americas Securities LLC now owns 3,851 shares of the bank’s stock valued at $269,000 after purchasing an additional 714 shares during the last quarter. Hedge funds and other institutional investors own 24.37% of the company’s stock.

Republic Bancorp Company Profile

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.