Republic Bancorp (NASDAQ:RBCAA) Stock: Insider Jeff Starke Sells 820 Shares

Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Jeff Starke sold 820 shares of the company’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $92.40, for a total transaction of $75,768.00. Following the completion of the sale, the executive vice president owned 7,837 shares in the company, valued at approximately $724,138.80. This trade represents a 9.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Republic Bancorp Stock Down 1.5%

Shares of Republic Bancorp stock opened at $90.30 on Friday. The company has a 50-day simple moving average of $93.47 and a two-hundred day simple moving average of $83.28. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.01 and a current ratio of 1.02. Republic Bancorp, Inc. has a 52-week low of $63.97 and a 52-week high of $102.22. The stock has a market capitalization of $1.77 billion, a PE ratio of 13.64 and a beta of 0.55.

Republic Bancorp (NASDAQ:RBCAA) last announced its quarterly earnings results on Friday, October 23rd. The bank reported $1.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.06). The company had revenue of $103.93 million for the quarter, compared to analysts’ expectations of $100.35 million. Republic Bancorp had a net margin of 25.33% and a return on equity of 11.20%. On average, analysts anticipate that Republic Bancorp, Inc. will post 6.98 EPS for the current fiscal year.

Analyst Ratings Changes

RBCAA has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Republic Bancorp to a “hold” rating in a research note on Monday, July 13th. Raymond James Financial started coverage on Republic Bancorp in a report on Wednesday, September 2nd. They set a “hold” rating on the stock. Hovde Group increased their target price on Republic Bancorp from $80.00 to $98.00 and gave the stock a “market perform” rating in a research report on Monday, July 27th. Finally, Weiss Ratings upgraded shares of Republic Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, October 16th. One equities research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $98.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RBCAA. Nisa Investment Advisors LLC raised its holdings in shares of Republic Bancorp by 40.4% in the third quarter. Nisa Investment Advisors LLC now owns 626 shares of the bank’s stock worth $58,000 after buying an additional 180 shares during the period. GAMMA Investing LLC lifted its holdings in Republic Bancorp by 167.0% during the 3rd quarter. GAMMA Investing LLC now owns 721 shares of the bank’s stock valued at $66,000 after buying an additional 451 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of Republic Bancorp in the second quarter valued at about $479,000. Arizona State Retirement System bought a new position in Republic Bancorp in the second quarter worth approximately $218,000. Finally, Vestor Capital LLC raised its position in shares of Republic Bancorp by 164.4% in the 1st 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. 24.37% of the stock is owned by hedge funds and other institutional investors.

About Republic Bancorp

Republic Bancorp, Inc is a Louisville, Kentucky-based bank holding company whose principal subsidiary is Republic Bank & Trust Company. The company provides consumer and commercial banking services to individuals, businesses, professionals and institutions.

Republic Bank offers deposit accounts, checking and savings products, consumer and commercial loans, mortgages, treasury management, private banking, wealth management and investment services. Through its Republic Processing Group, the company also provides financial services and processing solutions for tax professionals, including tax refund-related products and services.

Founded in 1974, Republic Bancorp serves customers through banking operations primarily in Kentucky and selected markets in the surrounding region, including Indiana, Ohio, Tennessee and Florida.