Republic Bancorp (NASDAQ:RBCAA) Vice Chairman Acquires $10,527.24 in Stock

Republic Bancorp, Inc. (NASDAQ:RBCAA) Vice Chairman Scott Trager acquired 148 shares of the company’s stock in a transaction on Thursday, February 26th. The stock was purchased at an average cost of $71.13 per share, for a total transaction of $10,527.24. Following the completion of the transaction, the insider owned 57,684 shares in the company, valued at approximately $4,103,062.92. The trade was a 0.26% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Republic Bancorp Stock Up 1.5%

Shares of Republic Bancorp stock traded up $1.02 during trading on Monday, hitting $70.02. 31,677 shares of the stock were exchanged, compared to its average volume of 37,948. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.06 and a quick ratio of 1.05. The firm’s 50-day moving average price is $71.24 and its 200 day moving average price is $71.30. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 10.42 and a beta of 0.59. Republic Bancorp, Inc. has a 12-month low of $56.79 and a 12-month high of $78.25.

Republic Bancorp (NASDAQ:RBCAA) last posted its quarterly earnings results on Friday, January 30th. The bank reported $1.17 earnings per share for the quarter, missing analysts’ consensus estimates of $1.30 by ($0.13). The business had revenue of $94.27 million during the quarter, compared to analyst estimates of $92.50 million. Republic Bancorp had a net margin of 25.19% and a return on equity of 12.39%.

Republic Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Friday, March 20th will be paid a dividend of $0.495 per share. The ex-dividend date is Friday, March 20th. This is a positive change from Republic Bancorp’s previous quarterly dividend of $0.45. This represents a $1.98 annualized dividend and a yield of 2.8%. Republic Bancorp’s dividend payout ratio (DPR) is presently 26.79%.

Institutional Trading of Republic Bancorp

A number of hedge funds have recently added to or reduced their stakes in the stock. Quarry LP acquired a new stake in shares of Republic Bancorp in the third quarter valued at about $27,000. CWM LLC lifted its position in shares of Republic Bancorp by 68.0% during the 2nd quarter. CWM LLC now owns 608 shares of the bank’s stock valued at $44,000 after acquiring an additional 246 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of Republic Bancorp during the 3rd quarter worth approximately $50,000. 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 worth $60,000 after acquiring an additional 794 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Republic Bancorp in the 3rd quarter worth approximately $60,000. 24.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Republic Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reiterated a “buy (b)” rating on shares of Republic Bancorp in a research note on Thursday, January 22nd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Republic Bancorp presently has a consensus rating of “Hold” and a consensus target price of $69.00.

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.