Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Christy Ames Sells 700 Shares

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 stock was sold at an average price of $70.50, for a total transaction of $49,350.00. Following the transaction, the executive vice president now directly owns 5,044 shares in the company, valued at approximately $355,602. This represents a 12.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Republic Bancorp Trading Down 2.6%

Shares of RBCAA stock traded down $1.81 during mid-day trading on Thursday, reaching $68.85. The company's stock had a trading volume of 55,256 shares, compared to its average volume of 27,787. The company's 50 day simple moving average is $68.08 and its 200-day simple moving average is $68.36. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.38. Republic Bancorp, Inc. has a 12-month low of $48.67 and a 12-month high of $80.68. The firm has a market capitalization of $1.34 billion, a PE ratio of 13.16 and a beta of 0.51.

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

Republic Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Friday, June 20th will be issued a dividend of $0.451 per share. The ex-dividend date is Friday, June 20th. This represents a $1.80 annualized dividend and a dividend yield of 2.62%. Republic Bancorp's payout ratio is currently 29.65%.

Institutional Trading of Republic Bancorp

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of 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 purchasing an additional 60,300 shares during the period. American Century Companies Inc. increased its stake in Republic Bancorp by 12.8% during the 1st quarter. American Century Companies Inc. now owns 210,003 shares of the bank's stock worth $13,402,000 after buying an additional 23,886 shares during the period. Bridgeway Capital Management LLC increased its position in shares of Republic Bancorp by 2.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 114,292 shares of the bank's stock worth $7,986,000 after acquiring an additional 3,105 shares during the last quarter. Northern Trust Corp increased its position in shares of Republic Bancorp by 4.3% during the fourth quarter. Northern Trust Corp now owns 85,367 shares of the bank's stock worth $5,965,000 after acquiring an additional 3,512 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Republic Bancorp by 2.7% during the fourth quarter. Bank of New York Mellon Corp now owns 72,883 shares of the bank's stock worth $5,092,000 after acquiring an additional 1,932 shares during the last quarter. Hedge funds and other institutional investors own 24.37% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Hovde Group raised their price target on shares of Republic Bancorp from $64.00 to $69.00 and gave the company a "market perform" rating in a report on Friday, April 25th.

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.