Republic Bancorp (NASDAQ:RBCAA) EVP Anthony Powell Sells 3,000 Shares

Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Anthony Powell sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $83.54, for a total transaction of $250,620.00. Following the completion of the transaction, the executive vice president owned 24,691 shares in the company, valued at approximately $2,062,686.14. The trade was a 10.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Republic Bancorp Trading Up 0.9%

Republic Bancorp stock opened at $87.66 on Friday. The firm’s 50-day moving average is $77.61 and its 200-day moving average is $73.07. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.05 and a current ratio of 1.06. Republic Bancorp, Inc. has a 1 year low of $63.97 and a 1 year high of $88.78. The company has a market cap of $1.72 billion, a P/E ratio of 13.53 and a beta of 0.58.

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

Republic Bancorp Dividend Announcement

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

Institutional Trading of Republic Bancorp

Large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. increased its holdings in shares of Republic Bancorp by 7,500.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 15,200 shares of the bank’s stock worth $1,098,000 after acquiring an additional 15,000 shares during the period. American Century Companies Inc. increased its holdings in shares of Republic Bancorp by 11.0% in the 3rd quarter. American Century Companies Inc. now owns 265,298 shares of the bank’s stock worth $19,168,000 after acquiring an additional 26,319 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Republic Bancorp by 52.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 23,236 shares of the bank’s stock worth $1,679,000 after acquiring an additional 8,037 shares during the period. Valeo Financial Advisors LLC acquired a new stake in shares of Republic Bancorp in the 4th quarter worth about $312,000. Finally, Denali Advisors LLC increased its holdings in shares of Republic Bancorp by 6.6% in the 4th quarter. Denali Advisors LLC now owns 27,400 shares of the bank’s stock worth $1,890,000 after acquiring an additional 1,700 shares during the period. Institutional investors and hedge funds own 24.37% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.