Republic Bancorp, Inc. KY (NASDAQ:RBCAA) Short Interest Update

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Republic Bancorp, Inc. KY (NASDAQ:RBCAA) was the recipient of a significant growth in short interest during the month of June. As of June 30th, there was short interest totalling 64,500 shares, a growth of 80.7% from the May 30th total of 35,700 shares. Approximately 0.7% of the company’s stock are short sold. Based on an average daily trading volume, of 21,100 shares, the short-interest ratio is currently 3.1 days.

In related news, EVP Anthony T. Powell sold 3,775 shares of the stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $49.00, for a total value of $184,975.00. Following the transaction, the executive vice president now owns 14,617 shares in the company, valued at $716,233. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mark A. Vogt acquired 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The stock was purchased at an average price of $48.93 per share, for a total transaction of $171,255.00. Following the acquisition, the director now directly owns 9,816 shares of the company’s stock, valued at approximately $480,296.88. The disclosure for this purchase can be found here. Corporate insiders own 52.00% of the company’s stock.

Institutional investors have recently made changes to their positions in the business. Denali Advisors LLC boosted its stake in shares of Republic Bancorp, Inc. KY by 175.3% during the 2nd quarter. Denali Advisors LLC now owns 17,885 shares of the bank’s stock worth $890,000 after acquiring an additional 11,388 shares during the period. Globeflex Capital L P boosted its stake in Republic Bancorp, Inc. KY by 17.9% in the 1st quarter. Globeflex Capital L P now owns 22,286 shares of the bank’s stock valued at $997,000 after purchasing an additional 3,386 shares during the period. Martingale Asset Management L P boosted its stake in Republic Bancorp, Inc. KY by 21.0% in the 1st quarter. Martingale Asset Management L P now owns 71,517 shares of the bank’s stock valued at $3,199,000 after purchasing an additional 12,401 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Republic Bancorp, Inc. KY by 361.0% in the 1st quarter. BNP Paribas Arbitrage SA now owns 2,010 shares of the bank’s stock valued at $90,000 after purchasing an additional 1,574 shares during the period. Finally, Creative Planning boosted its stake in Republic Bancorp, Inc. KY by 8.8% in the 1st quarter. Creative Planning now owns 11,150 shares of the bank’s stock valued at $499,000 after purchasing an additional 900 shares during the period. 25.63% of the stock is owned by hedge funds and other institutional investors.

Separately, BidaskClub raised Zillow Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd.

Shares of Republic Bancorp, Inc. KY stock opened at $50.62 on Friday. The company has a market capitalization of $1.07 billion, a PE ratio of 13.76 and a beta of 0.61. The company has a quick ratio of 1.16, a current ratio of 1.17 and a debt-to-equity ratio of 0.89. The stock’s 50 day moving average is $47.96. Republic Bancorp, Inc. KY has a 12-month low of $35.17 and a 12-month high of $52.68.

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last announced its earnings results on Wednesday, April 24th. The bank reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.05. The firm had revenue of $99.72 million during the quarter. Republic Bancorp, Inc. KY had a return on equity of 11.35% and a net margin of 24.34%.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, June 21st will be given a dividend of $0.264 per share. The ex-dividend date of this dividend is Thursday, June 20th. This represents a $1.06 dividend on an annualized basis and a yield of 2.09%.

About Republic Bancorp, Inc. KY

Republic Bancorp, Inc, a financial holding company, provides banking products and services in the United States. It operates through five segments: Traditional Banking, Warehouse Lending, Mortgage Banking, Tax Refund Solutions, and Republic Credit Solutions. The company accepts demand, savings, time, and brokered and other certificates of deposit; and money market and individual retirement accounts.

Read More: Do equity income investments outperform growth and income investments?

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