Republic Bancorp (NASDAQ:RBCAA) EVP Sells $29,886.00 in Stock

Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Christy Ames sold 340 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $87.90, for a total value of $29,886.00. Following the sale, the executive vice president owned 6,145 shares of the company’s stock, valued at approximately $540,145.50. The trade was a 5.24% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Republic Bancorp Trading Up 1.3%

Shares of RBCAA stock traded up $1.10 on Friday, reaching $87.98. 32,039 shares of the stock were exchanged, compared to its average volume of 64,228. The stock has a market cap of $1.73 billion, a PE ratio of 13.58 and a beta of 0.58. Republic Bancorp, Inc. has a one year low of $63.97 and a one year high of $88.78. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.06 and a quick ratio of 1.05. The stock has a 50 day moving average price of $77.27 and a 200 day moving average price of $72.97.

Republic Bancorp (NASDAQ:RBCAA) last released its earnings results on Thursday, April 23rd. The bank reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.41 by $0.63. The company had revenue of $114.57 million during the quarter, compared to the consensus estimate of $96.60 million. Republic Bancorp had a return on equity of 11.32% and a net margin of 25.22%.

Republic Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, June 18th will be given a dividend of $0.495 per share. The ex-dividend date is Thursday, June 18th. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.3%. Republic Bancorp’s payout ratio is presently 30.56%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on RBCAA shares. Wall Street Zen upgraded Republic Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Republic Bancorp in a report on Tuesday. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Vestor Capital LLC raised its holdings in Republic Bancorp by 164.4% during the first quarter. Vestor Capital LLC now owns 5,594 shares of the bank’s stock worth $395,000 after acquiring an additional 3,478 shares in the last quarter. Bank of America Corp DE raised its holdings in Republic Bancorp by 29.9% during the first quarter. Bank of America Corp DE now owns 16,035 shares of the bank’s stock worth $1,131,000 after acquiring an additional 3,687 shares in the last quarter. Royal Bank of Canada raised its holdings in Republic Bancorp by 46.2% during the first quarter. Royal Bank of Canada now owns 3,401 shares of the bank’s stock worth $239,000 after acquiring an additional 1,074 shares in the last quarter. Empowered Funds LLC lifted its stake in Republic Bancorp by 6.1% in the first quarter. Empowered Funds LLC now owns 78,246 shares of the bank’s stock valued at $5,520,000 after acquiring an additional 4,511 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in Republic Bancorp by 44.3% in the first quarter. Quantinno Capital Management LP now owns 13,579 shares of the bank’s stock valued at $958,000 after acquiring an additional 4,167 shares during the last quarter. 24.37% of the stock is owned by institutional investors and hedge funds.

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.