Republic Bancorp (NASDAQ:RBCAA) Shares Gap Down to $67.68

Republic Bancorp, Inc. (NASDAQ:RBCAA) gapped down prior to trading on Tuesday . The stock had previously closed at $67.68, but opened at $64.74. Republic Bancorp shares last traded at $64.74, with a volume of 301 shares changing hands.

Republic Bancorp Stock Performance

The stock has a market capitalization of $1.71 billion, a P/E ratio of 13.79 and a beta of 0.54. The stock has a 50 day moving average of $54.78 and a 200 day moving average of $51.98. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.03 and a current ratio of 1.05.

Republic Bancorp (NASDAQ:RBCAA) last issued its quarterly earnings data on Friday, July 19th. The bank reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). Republic Bancorp had a return on equity of 10.62% and a net margin of 20.41%. The company had revenue of $116.05 million for the quarter.

Republic Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 20th will be issued a $0.407 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.63 annualized dividend and a dividend yield of 2.59%. Republic Bancorp’s dividend payout ratio (DPR) is 34.24%.

Insider Activity

In other news, Director David P. Feaster sold 789 shares of the business’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $65.91, for a total transaction of $52,002.99. Following the sale, the director now directly owns 5,487 shares of the company’s stock, valued at $361,648.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director David P. Feaster sold 789 shares of the company’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $65.91, for a total transaction of $52,002.99. Following the transaction, the director now directly owns 5,487 shares of the company’s stock, valued at $361,648.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Pedro A. Bryant sold 2,500 shares of the company’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $65.61, for a total value of $164,025.00. Following the transaction, the executive vice president now directly owns 1,425 shares in the company, valued at $93,494.25. The disclosure for this sale can be found here. Insiders sold a total of 13,363 shares of company stock worth $871,543 over the last 90 days. 55.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in shares of Republic Bancorp by 1.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 927,375 shares of the bank’s stock worth $51,155,000 after acquiring an additional 15,040 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Republic Bancorp by 0.4% during the 1st quarter. Vanguard Group Inc. now owns 500,726 shares of the bank’s stock worth $25,537,000 after acquiring an additional 2,043 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Republic Bancorp by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 97,399 shares of the bank’s stock worth $5,373,000 after acquiring an additional 704 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Republic Bancorp by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 76,927 shares of the bank’s stock worth $4,124,000 after acquiring an additional 1,226 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in shares of Republic Bancorp by 8.1% during the 1st quarter. Empowered Funds LLC now owns 56,301 shares of the bank’s stock worth $2,871,000 after acquiring an additional 4,200 shares in the last quarter. 24.37% of the stock is owned by institutional investors and hedge funds.

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.