Republic Bancorp (NASDAQ:RBCAA) EVP Sells $92,373.19 in Stock

Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Juan Montano sold 1,223 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $75.53, for a total value of $92,373.19. Following the completion of the transaction, the executive vice president directly owned 4,434 shares in the company, valued at approximately $334,900.02. The trade was a 21.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Republic Bancorp Trading Up 0.5%

NASDAQ:RBCAA opened at $75.09 on Thursday. The firm has a market cap of $1.47 billion, a P/E ratio of 11.77 and a beta of 0.58. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.35. The stock’s 50 day simple moving average is $73.61 and its 200-day simple moving average is $69.97. Republic Bancorp, Inc. has a 12-month low of $56.79 and a 12-month high of $80.68.

Republic Bancorp (NASDAQ:RBCAA) last released its earnings results on Friday, July 18th. The bank reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.19. Republic Bancorp had a return on equity of 12.23% and a net margin of 23.98%.The business had revenue of $93.00 million for the quarter, compared to analyst estimates of $93.50 million.

Republic Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, September 19th will be issued a dividend of $0.451 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, September 19th. Republic Bancorp’s dividend payout ratio is currently 28.21%.

Institutional Trading of Republic Bancorp

Institutional investors and hedge funds have recently made changes to their positions in the stock. CWM LLC lifted its position in shares of Republic Bancorp by 68.0% in the second quarter. CWM LLC now owns 608 shares of the bank’s stock valued at $44,000 after acquiring an additional 246 shares in the last quarter. US Bancorp DE lifted its position in shares of Republic Bancorp by 294.7% in the first quarter. US Bancorp DE now owns 750 shares of the bank’s stock valued at $48,000 after acquiring an additional 560 shares in the last quarter. State of Wyoming lifted its position in shares of Republic Bancorp by 34.1% in the first quarter. State of Wyoming now owns 967 shares of the bank’s stock valued at $62,000 after acquiring an additional 246 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of Republic Bancorp in the fourth quarter valued at $70,000. Finally, Raymond James Financial Inc. purchased a new stake in shares of Republic Bancorp in the second quarter valued at $121,000. 24.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Raymond James Financial started coverage on Republic Bancorp in a report on Friday, June 27th. They set a “market perform” rating on the stock. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $69.00.

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.