Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Sells $203,381.18 in Stock

Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP John T. Rippy sold 3,082 shares of the company’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $65.99, for a total transaction of $203,381.18. Following the completion of the sale, the executive vice president now directly owns 23,105 shares in the company, valued at approximately $1,524,698.95. The trade was a 11.77 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Republic Bancorp Stock Performance

Republic Bancorp stock opened at $65.45 on Monday. Republic Bancorp, Inc. has a 52-week low of $46.55 and a 52-week high of $80.68. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.12 and a quick ratio of 1.11. The stock has a fifty day moving average price of $71.15 and a two-hundred day moving average price of $67.46. The firm has a market capitalization of $1.27 billion, a P/E ratio of 12.51 and a beta of 0.56.

Republic Bancorp (NASDAQ:RBCAA) last announced its quarterly earnings results on Friday, January 24th. The bank reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.22). Republic Bancorp had a net margin of 20.05% and a return on equity of 10.60%.

Republic Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be given a dividend of $0.451 per share. The ex-dividend date of this dividend is Friday, March 21st. This is a positive change from Republic Bancorp’s previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a yield of 2.76%. Republic Bancorp’s dividend payout ratio is 31.17%.

Hedge Funds Weigh In On Republic Bancorp

Institutional investors have recently bought and sold shares of the business. Allworth Financial LP increased its position in Republic Bancorp by 3,326.8% in the fourth quarter. Allworth Financial LP now owns 11,137 shares of the bank’s stock worth $756,000 after purchasing an additional 10,812 shares during the period. Rhumbline Advisers lifted its holdings in Republic Bancorp by 4.1% in the fourth quarter. Rhumbline Advisers now owns 14,238 shares of the bank’s stock valued at $995,000 after buying an additional 567 shares during the period. New York State Teachers Retirement System grew its holdings in Republic Bancorp by 659.0% during the 4th quarter. New York State Teachers Retirement System now owns 759 shares of the bank’s stock worth $53,000 after acquiring an additional 659 shares during the period. Empowered Funds LLC raised its position in shares of Republic Bancorp by 5.0% during the 4th quarter. Empowered Funds LLC now owns 64,930 shares of the bank’s stock valued at $4,537,000 after acquiring an additional 3,105 shares during the last quarter. Finally, Baron Silver Stevens Financial Advisors LLC acquired a new position in shares of Republic Bancorp in the 4th quarter valued at $280,000. Institutional investors own 24.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Hovde Group lowered their price objective on Republic Bancorp from $72.00 to $70.00 and set a “market perform” rating on the stock in a research note on Monday, January 27th.

Republic Bancorp Company Profile

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.