Republic Bancorp (NASDAQ:RBCAA) EVP Christy Ames Sells 340 Shares

Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Christy Ames sold 340 shares of Republic Bancorp stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $87.90, for a total transaction of $29,886.00. Following the transaction, the executive vice president owned 6,145 shares in the company, valued at approximately $540,145.50. The trade was a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Republic Bancorp Trading Up 1.3%

NASDAQ RBCAA traded up $1.10 on Friday, hitting $87.98. 32,039 shares of the stock were exchanged, compared to its average volume of 64,228. Republic Bancorp, Inc. has a 52-week low of $63.97 and a 52-week high of $88.78. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.06 and a quick ratio of 1.05. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 13.58 and a beta of 0.58. The company’s 50-day moving average price is $77.27 and its two-hundred day moving average price is $72.97.

Republic Bancorp (NASDAQ:RBCAA) last posted its quarterly earnings data on Thursday, April 23rd. The bank reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.63. Republic Bancorp had a net margin of 25.22% and a return on equity of 11.32%. The firm had revenue of $114.57 million for the quarter, compared to analysts’ expectations of $96.60 million.

Republic Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, June 18th will be paid a dividend of $0.495 per share. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.3%. Republic Bancorp’s dividend payout ratio (DPR) is 30.56%.

Analyst Ratings Changes

RBCAA has been the topic of a number of research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Republic Bancorp in a research note on Tuesday. Wall Street Zen upgraded Republic Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Institutional Investors Weigh In On Republic Bancorp

Hedge funds have recently modified their holdings of the business. Formidable Asset Management LLC grew its position in Republic Bancorp by 0.6% in the fourth quarter. Formidable Asset Management LLC now owns 30,776 shares of the bank’s stock valued at $2,224,000 after acquiring an additional 184 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Republic Bancorp by 3.8% in the second quarter. The Manufacturers Life Insurance Company now owns 5,072 shares of the bank’s stock worth $371,000 after purchasing an additional 187 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Republic Bancorp by 5.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,945 shares of the bank’s stock worth $316,000 after purchasing an additional 234 shares in the last quarter. Denali Advisors LLC boosted its stake in Republic Bancorp by 0.9% in the third quarter. Denali Advisors LLC now owns 25,700 shares of the bank’s stock worth $1,857,000 after purchasing an additional 236 shares in the last quarter. Finally, Silver Oak Securities Incorporated boosted its stake in Republic Bancorp by 9.4% in the first quarter. Silver Oak Securities Incorporated now owns 3,486 shares of the bank’s stock worth $246,000 after purchasing an additional 300 shares in the last quarter. 24.37% of the stock is owned by institutional investors.

About Republic Bancorp

Republic Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, that operates through its principal subsidiary, Republic Bank & Trust Company. The company provides a full suite of commercial and retail banking services tailored to individuals, small businesses and middle‐market clients. Core offerings include deposit accounts, consumer and commercial lending, treasury and cash-management services, mortgage financing, SBA lending and wealth management solutions. Republic Bancorp also supports specialized financing needs through equipment leasing and small business advisory services.

Republic Bancorp’s branch network spans key markets in the U.S.