Republic Bancorp, Inc. (NASDAQ:RBCAA) Director Sells $113,142.48 in Stock

Republic Bancorp, Inc. (NASDAQ:RBCAA) Director Heather V. Howell sold 1,496 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $75.63, for a total value of $113,142.48. Following the completion of the sale, the director now owns 7,491 shares in the company, valued at approximately $566,544.33. The trade was a 16.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Republic Bancorp Trading Down 0.4 %

RBCAA stock opened at $69.87 on Thursday. Republic Bancorp, Inc. has a 12 month low of $46.55 and a 12 month high of $80.68. The firm’s 50-day moving average is $73.65 and its 200 day moving average is $65.24. The company has a market capitalization of $1.36 billion, a PE ratio of 13.28 and a beta of 0.54. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.12 and a quick ratio of 1.11.

Republic Bancorp (NASDAQ:RBCAA) last issued its earnings results on Friday, October 18th. The bank reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.16. The business had revenue of $118.36 million for the quarter. Republic Bancorp had a net margin of 20.65% and a return on equity of 10.79%.

Republic Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 20th will be issued a $0.407 dividend. This represents a $1.63 annualized dividend and a dividend yield of 2.33%. The ex-dividend date of this dividend is Friday, December 20th. Republic Bancorp’s dividend payout ratio is 30.80%.

Hedge Funds Weigh In On Republic Bancorp

Hedge funds and other institutional investors have recently made changes to their positions in the company. Cerity Partners LLC raised its stake in Republic Bancorp by 1.4% in the third quarter. Cerity Partners LLC now owns 12,501 shares of the bank’s stock worth $816,000 after buying an additional 167 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Republic Bancorp by 2.0% in the 3rd quarter. Empowered Funds LLC now owns 61,825 shares of the bank’s stock valued at $4,037,000 after acquiring an additional 1,204 shares during the period. Bank of New York Mellon Corp raised its holdings in Republic Bancorp by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 76,927 shares of the bank’s stock worth $4,124,000 after purchasing an additional 1,226 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Republic Bancorp by 10.0% during the third quarter. JPMorgan Chase & Co. now owns 16,635 shares of the bank’s stock valued at $1,086,000 after acquiring an additional 1,515 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Republic Bancorp in the second quarter valued at approximately $87,000. Institutional investors own 24.37% of the company’s stock.

Analyst Ratings Changes

Separately, Hovde Group downgraded Republic Bancorp from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $78.00 to $80.00 in a research report on Wednesday, November 13th.

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.