Anthony Powell Sells 3,000 Shares of Republic Bancorp (NASDAQ:RBCAA) Stock

Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Anthony Powell sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $83.54, for a total value of $250,620.00. Following the sale, the executive vice president owned 24,691 shares in the company, valued at approximately $2,062,686.14. This trade represents a 10.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Republic Bancorp Stock Performance

RBCAA stock opened at $87.66 on Friday. The business’s fifty day moving average is $77.61 and its 200-day moving average is $73.07. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.32. The company has a market cap of $1.72 billion, a P/E ratio of 13.53 and a beta of 0.58. Republic Bancorp, Inc. has a twelve month low of $63.97 and a twelve month high of $88.78.

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

Republic Bancorp Announces Dividend

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

Analyst Ratings Changes

Several brokerages recently commented on RBCAA. Wall Street Zen raised Republic Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Republic Bancorp in a research note on Tuesday. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

Institutional Trading of Republic Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP acquired a new stake in shares of Republic Bancorp in the 3rd quarter valued at about $27,000. Russell Investments Group Ltd. grew its holdings in shares of Republic Bancorp by 2,561.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 825 shares of the bank’s stock valued at $60,000 after acquiring an additional 794 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of Republic Bancorp by 541.2% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,757 shares of the bank’s stock valued at $121,000 after acquiring an additional 1,483 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Republic Bancorp in the second quarter valued at about $121,000. Finally, BNP Paribas Financial Markets increased its position in shares of Republic Bancorp by 46.4% in the second quarter. BNP Paribas Financial Markets now owns 1,887 shares of the bank’s stock valued at $138,000 after acquiring an additional 598 shares during the last quarter. Institutional investors and hedge funds own 24.37% of the company’s stock.

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.