Republic Bancorp (NASDAQ:RBCAA) EVP Jeff Starke Sells 137 Shares

Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Jeff Starke sold 137 shares of the stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $73.31, for a total value of $10,043.47. Following the completion of the sale, the executive vice president owned 5,773 shares of the company’s stock, valued at $423,218.63. The trade was a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Republic Bancorp Trading Up 0.0%

RBCAA traded up $0.01 during midday trading on Monday, hitting $74.29. 34,513 shares of the company were exchanged, compared to its average volume of 32,752. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.35. Republic Bancorp, Inc. has a 1-year low of $56.79 and a 1-year high of $78.25. The firm’s 50 day moving average price is $68.59 and its 200-day moving average price is $71.36. The firm has a market capitalization of $1.45 billion, a P/E ratio of 11.38 and a beta of 0.60.

Republic Bancorp (NASDAQ:RBCAA) last posted its quarterly earnings data on Friday, October 17th. The bank reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.38 by $0.14. The company had revenue of $93.54 million for the quarter, compared to analyst estimates of $92.50 million. Republic Bancorp had a net margin of 24.53% and a return on equity of 12.23%.

Republic Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, December 19th will be paid a dividend of $0.451 per share. The ex-dividend date of this dividend is Friday, December 19th. This represents a $1.80 annualized dividend and a yield of 2.4%. Republic Bancorp’s dividend payout ratio (DPR) is currently 27.57%.

Institutional Investors Weigh In On Republic Bancorp

A number of institutional investors and hedge funds have recently made changes to their positions in RBCAA. Vanguard Group Inc. increased its holdings in Republic Bancorp by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 575,166 shares of the bank’s stock worth $36,707,000 after purchasing an additional 60,300 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Republic Bancorp by 11.0% during the third quarter. American Century Companies Inc. now owns 265,298 shares of the bank’s stock valued at $19,168,000 after buying an additional 26,319 shares during the last quarter. Geode Capital Management LLC grew its holdings in Republic Bancorp by 9.0% during the second quarter. Geode Capital Management LLC now owns 234,101 shares of the bank’s stock worth $17,118,000 after buying an additional 19,271 shares in the last quarter. Bridgeway Capital Management LLC raised its position in Republic Bancorp by 3.6% in the 3rd quarter. Bridgeway Capital Management LLC now owns 116,908 shares of the bank’s stock valued at $8,447,000 after buying an additional 4,033 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Republic Bancorp by 651.0% during the 2nd quarter. First Trust Advisors LP now owns 78,077 shares of the bank’s stock valued at $5,708,000 after acquiring an additional 67,681 shares in the last quarter. Institutional investors and hedge funds own 24.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Republic Bancorp in a research note on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Republic Bancorp presently has a consensus rating of “Hold” and an average price target 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.