Republic Bancorp (NASDAQ:RBCAA) EVP Sells $250,620.00 in Stock

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

Republic Bancorp Price Performance

Shares of RBCAA stock opened at $87.66 on Monday. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.32. Republic Bancorp, Inc. has a twelve month low of $63.97 and a twelve month 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. The business has a fifty day simple moving average of $77.61 and a 200 day simple moving average of $73.11.

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

Republic Bancorp Announces Dividend

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

Hedge Funds Weigh In On Republic Bancorp

A number of hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in shares of Republic Bancorp by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 928,367 shares of the bank’s stock worth $65,496,000 after acquiring an additional 5,656 shares during the last quarter. American Century Companies Inc. raised its position in shares of Republic Bancorp by 11.0% during the third 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 last quarter. State Street Corp raised its position in shares of Republic Bancorp by 1.0% during the fourth quarter. State Street Corp now owns 218,872 shares of the bank’s stock worth $15,195,000 after acquiring an additional 2,208 shares during the last quarter. Bridgeway Capital Management LLC raised its position in shares of Republic Bancorp by 5.3% during the fourth quarter. Bridgeway Capital Management LLC now owns 123,097 shares of the bank’s stock worth $8,492,000 after acquiring an additional 6,189 shares during the last quarter. Finally, Empowered Funds LLC raised its position in shares of Republic Bancorp by 6.1% during the first quarter. Empowered Funds LLC now owns 78,246 shares of the bank’s stock worth $5,520,000 after acquiring an additional 4,511 shares during the last quarter. 24.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Republic Bancorp in a research report on Tuesday, June 9th. Wall Street Zen upgraded Republic Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Republic Bancorp Company Profile

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.