Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Sells $49,350.00 in Stock

Republic Bancorp, Inc. (NASDAQ:RBCAA - Get Free Report) EVP Christy Ames sold 700 shares of the stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $70.50, for a total transaction of $49,350.00. Following the transaction, the executive vice president now owns 5,044 shares in the company, valued at $355,602. The trade was a 12.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Republic Bancorp Trading Down 2.1%

RBCAA stock traded down $1.48 on Friday, reaching $68.19. The company's stock had a trading volume of 101,310 shares, compared to its average volume of 22,961. The business has a fifty day simple moving average of $68.41 and a two-hundred day simple moving average of $68.17. Republic Bancorp, Inc. has a 12-month low of $48.67 and a 12-month high of $80.68. The firm has a market cap of $1.33 billion, a PE ratio of 13.04 and a beta of 0.51. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.12.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The bank reported $2.42 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.56. Republic Bancorp had a return on equity of 10.60% and a net margin of 20.05%. The company had revenue of $135.84 million during the quarter, compared to analyst estimates of $126.90 million.

Republic Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Friday, June 20th will be paid a $0.451 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.65%. The ex-dividend date of this dividend is Friday, June 20th. Republic Bancorp's payout ratio is 29.65%.

Institutional Trading of Republic Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in Republic Bancorp by 11.7% during the first quarter. Vanguard Group Inc. now owns 575,166 shares of the bank's stock valued at $36,707,000 after buying an additional 60,300 shares during the period. Cary Street Partners Financial LLC bought a new position in shares of Republic Bancorp during the fourth quarter valued at $2,931,000. Norges Bank bought a new position in shares of Republic Bancorp during the fourth quarter valued at $1,803,000. American Century Companies Inc. increased its holdings in shares of Republic Bancorp by 12.8% during the first quarter. American Century Companies Inc. now owns 210,003 shares of the bank's stock valued at $13,402,000 after acquiring an additional 23,886 shares in the last quarter. Finally, Nuveen LLC bought a new position in shares of Republic Bancorp during the first quarter valued at $1,380,000. Hedge funds and other institutional investors own 24.37% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Hovde Group increased their price objective on Republic Bancorp from $64.00 to $69.00 and gave the company a "market perform" rating in a research note on Friday, April 25th.

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.