Republic Bancorp, Inc. (RBCAA) EVP Steven E. Deweese Sells 1,115 Shares
Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Steven E. Deweese sold 1,115 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $35.49, for a total transaction of $39,571.35. Following the transaction, the executive vice president now directly owns 41,630 shares of the company’s stock, valued at $1,477,448.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Republic Bancorp, Inc. (NASDAQ RBCAA) traded up 0.56% on Friday, reaching $35.78. 7,845 shares of the company’s stock were exchanged. Republic Bancorp, Inc. has a 12 month low of $28.56 and a 12 month high of $40.74. The firm has a 50-day moving average of $35.07 and a 200-day moving average of $35.01. The firm has a market capitalization of $746.30 million, a price-to-earnings ratio of 15.03 and a beta of 0.48.
Republic Bancorp (NASDAQ:RBCAA) last posted its earnings results on Friday, July 21st. The bank reported $0.48 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. Republic Bancorp had a net margin of 19.33% and a return on equity of 8.14%. The business had revenue of $56.06 million for the quarter. On average, equities analysts expect that Republic Bancorp, Inc. will post $2.34 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 15th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.46%. The ex-dividend date is Thursday, September 14th. Republic Bancorp’s payout ratio is 36.82%.
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Large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in Republic Bancorp by 3.0% in the second quarter. Dimensional Fund Advisors LP now owns 769,928 shares of the bank’s stock valued at $27,487,000 after buying an additional 22,745 shares during the last quarter. Vanguard Group Inc. raised its stake in Republic Bancorp by 0.7% in the second quarter. Vanguard Group Inc. now owns 393,134 shares of the bank’s stock valued at $14,035,000 after buying an additional 2,826 shares during the last quarter. State Street Corp raised its stake in Republic Bancorp by 6.9% in the second quarter. State Street Corp now owns 184,000 shares of the bank’s stock valued at $6,570,000 after buying an additional 11,848 shares during the last quarter. Northern Trust Corp raised its stake in Republic Bancorp by 10.7% in the second quarter. Northern Trust Corp now owns 136,694 shares of the bank’s stock valued at $4,880,000 after buying an additional 13,224 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Republic Bancorp by 0.4% in the first quarter. Bank of America Corp DE now owns 93,652 shares of the bank’s stock valued at $3,221,000 after buying an additional 414 shares during the last quarter. 24.29% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have issued reports on the stock. BidaskClub lowered shares of Republic Bancorp from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Zacks Investment Research raised shares of Republic Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th.
About Republic Bancorp
Republic Bancorp, Inc 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. The Company operates through four segments: Traditional Banking, which provides traditional banking products to customers; Warehouse Lending (Warehouse), which provides short-term, revolving credit facilities to mortgage bankers across the United States through mortgage warehouse lines of credit; 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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