Republic Bancorp (NASDAQ:RBCAA) Sets New 12-Month High at $67.79

Republic Bancorp, Inc. (NASDAQ:RBCAA)’s stock price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $67.79 and last traded at $67.79, with a volume of 6336 shares. The stock had previously closed at $63.81.

Republic Bancorp Stock Performance

The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 1.03. The company’s fifty day simple moving average is $54.06 and its two-hundred day simple moving average is $51.68. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 14.22 and a beta of 0.54.

Republic Bancorp (NASDAQ:RBCAA) last announced its quarterly earnings results on Friday, July 19th. The bank reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). Republic Bancorp had a return on equity of 10.62% and a net margin of 20.41%. The company had revenue of $116.05 million for the quarter.

Republic Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 20th will be given a $0.407 dividend. The ex-dividend date is Friday, September 20th. This represents a $1.63 annualized dividend and a yield of 2.41%. Republic Bancorp’s dividend payout ratio is currently 34.24%.

Insider Activity at Republic Bancorp

In related news, Director David P. Feaster sold 789 shares of Republic Bancorp stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $65.91, for a total value of $52,002.99. Following the sale, the director now owns 5,487 shares of the company’s stock, valued at approximately $361,648.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director David P. Feaster sold 789 shares of Republic Bancorp stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $65.91, for a total value of $52,002.99. Following the completion of the transaction, the director now owns 5,487 shares in the company, valued at $361,648.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kevin D. Sipes sold 10,074 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $65.07, for a total transaction of $655,515.18. Following the completion of the sale, the chief financial officer now directly owns 70,086 shares in the company, valued at approximately $4,560,496.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 13,363 shares of company stock worth $871,543. 55.50% of the stock is owned by company insiders.

Institutional Trading of Republic Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of RBCAA. Formidable Asset Management LLC lifted its holdings in shares of Republic Bancorp by 0.8% during the 4th quarter. Formidable Asset Management LLC now owns 29,376 shares of the bank’s stock worth $1,620,000 after acquiring an additional 240 shares during the last quarter. Inspire Investing LLC raised its stake in shares of Republic Bancorp by 3.6% during the first quarter. Inspire Investing LLC now owns 7,076 shares of the bank’s stock worth $361,000 after acquiring an additional 245 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its holdings in shares of Republic Bancorp by 0.6% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 44,226 shares of the bank’s stock worth $2,440,000 after acquiring an additional 250 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Republic Bancorp by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,405 shares of the bank’s stock valued at $378,000 after purchasing an additional 624 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Republic Bancorp by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 97,399 shares of the bank’s stock valued at $5,373,000 after purchasing an additional 704 shares during the last quarter. 24.37% of the stock is currently owned by hedge funds and other institutional investors.

Republic Bancorp Company Profile

Republic Bancorp, Inc operates as a bank holding company for Republic Bank & Trust Company that provides various banking products and services in the United States. It operates in six segments: Traditional Banking, Warehouse, Mortgage Banking, Tax Refund Solutions, Republic Payment Solutions, and Republic Credit Solutions.