Republic Bancorp Inc. (NASDAQ:RBCAA) EVP Steven E. Deweese sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 21st. The shares were sold at an average price of $35.96, for a total transaction of $179,800.00. Following the transaction, the executive vice president now owns 45,509 shares of the company’s stock, valued at approximately $1,636,503.64. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Republic Bancorp Inc. (NASDAQ:RBCAA) traded up 0.08% during mid-day trading on Wednesday, hitting $36.67. 4,480 shares of the stock were exchanged. The firm has a 50-day moving average price of $32.17 and a 200-day moving average price of $30.04. The stock has a market capitalization of $765.01 million, a P/E ratio of 17.74 and a beta of 0.58. Republic Bancorp Inc. has a 12-month low of $23.00 and a 12-month high of $37.19.

Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings results on Friday, October 21st. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.09. Republic Bancorp had a return on equity of 7.33% and a net margin of 19.72%. Equities analysts predict that Republic Bancorp Inc. will post $2.20 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 20th. Investors of record on Friday, December 16th will be given a $0.209 dividend. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $0.84 dividend on an annualized basis and a yield of 2.28%. Republic Bancorp’s payout ratio is 40.38%.

Separately, Zacks Investment Research raised shares of Republic Bancorp from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective for the company in a research note on Tuesday, August 16th.

Hedge funds have recently made changes to their positions in the company. Rhumbline Advisers raised its stake in shares of Republic Bancorp by 0.6% in the third quarter. Rhumbline Advisers now owns 15,551 shares of the company’s stock worth $483,000 after buying an additional 100 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of Republic Bancorp by 1.0% in the third quarter. California State Teachers Retirement System now owns 20,460 shares of the company’s stock worth $636,000 after buying an additional 200 shares during the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Republic Bancorp by 0.5% in the second quarter. Parametric Portfolio Associates LLC now owns 51,930 shares of the company’s stock worth $1,435,000 after buying an additional 258 shares during the last quarter. First Trust Advisors LP raised its stake in shares of Republic Bancorp by 1.2% in the second quarter. First Trust Advisors LP now owns 22,952 shares of the company’s stock worth $634,000 after buying an additional 271 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Republic Bancorp by 0.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 71,674 shares of the company’s stock worth $1,981,000 after buying an additional 294 shares during the last quarter. Hedge funds and other institutional investors own 24.98% of the company’s stock.

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Republic Bancorp Company Profile

Republic Bancorp, Inc (Republic) is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc (the Captive). The Bank is a Kentucky-based, state chartered non-member financial institution. The Captive is an insurance subsidiary of the Company. It operates in four segments: Traditional Banking, which provides traditional banking products primarily to customers; Warehouse Lending (Warehouse), which provides short-term, revolving credit facilities to mortgage bankers across the Nation; Mortgage Banking, which originates, sells and services long-term, single family, first lien residential real estate loans, and Republic Processing Group (RPG), which facilitates the receipt and payment of federal and state tax refund products.

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