Insider Selling: Republic Bancorp (NASDAQ:RBCAA) EVP Sells 3,000 Shares of Stock

Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Anthony Powell sold 3,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were 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 in the company, 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 document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Republic Bancorp Price Performance

Shares of Republic Bancorp stock traded up $0.96 during trading on Friday, hitting $87.84. The stock had a trading volume of 45,245 shares, compared to its average volume of 64,363. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 13.55 and a beta of 0.58. Republic Bancorp, Inc. has a 12 month low of $63.97 and a 12 month high of $88.78. The business’s 50-day moving average is $77.27 and its 200 day moving average is $72.97. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.32.

Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings results 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 net margin of 25.22% and a return on equity of 11.32%. The firm had revenue of $114.57 million for the quarter, compared to analysts’ expectations of $96.60 million.

Republic Bancorp Dividend Announcement

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 issued a $0.495 dividend. The ex-dividend date is Thursday, June 18th. This represents a $1.98 annualized dividend and a dividend yield of 2.3%. Republic Bancorp’s dividend payout ratio (DPR) is currently 30.56%.

Institutional Investors Weigh In On Republic Bancorp

Large investors have recently made changes to their positions in the company. Quarry LP bought a new stake in shares of Republic Bancorp in the third quarter worth about $27,000. Russell Investments Group Ltd. increased its holdings in shares of Republic Bancorp by 2,561.3% in the third quarter. Russell Investments Group Ltd. now owns 825 shares of the bank’s stock worth $60,000 after purchasing an additional 794 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Republic Bancorp in the second quarter worth $121,000. CANADA LIFE ASSURANCE Co increased its position in Republic Bancorp by 541.2% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,757 shares of the bank’s stock worth $121,000 after purchasing an additional 1,483 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in Republic Bancorp by 46.4% in the second quarter. BNP Paribas Financial Markets now owns 1,887 shares of the bank’s stock worth $138,000 after purchasing an additional 598 shares during the last quarter. 24.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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