Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Steven E. Deweese Sells 250 Shares

Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Steven E. Deweese sold 250 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $62.50, for a total value of $15,625.00. Following the completion of the transaction, the executive vice president now directly owns 31,414 shares in the company, valued at approximately $1,963,375. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Republic Bancorp Price Performance

NASDAQ RBCAA opened at $65.76 on Wednesday. The company has a 50-day moving average price of $61.62 and a 200-day moving average price of $54.55. Republic Bancorp, Inc. has a 52 week low of $42.42 and a 52 week high of $69.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $1.28 billion, a P/E ratio of 13.82 and a beta of 0.52.

Republic Bancorp (NASDAQ:RBCAA) last announced its earnings results on Friday, July 19th. The bank reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). The business had revenue of $116.05 million for the quarter. Republic Bancorp had a net margin of 20.41% and a return on equity of 10.50%.

Republic Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 20th will be given a dividend of $0.407 per share. The ex-dividend date is Friday, September 20th. This represents a $1.63 annualized dividend and a yield of 2.48%. Republic Bancorp’s dividend payout ratio (DPR) is presently 34.24%.

Institutional Trading of Republic Bancorp

Several hedge funds have recently bought and sold shares of the stock. Innealta Capital LLC bought a new position in shares of Republic Bancorp in the second quarter worth approximately $67,000. Acadian Asset Management LLC purchased a new position in shares of Republic Bancorp during the 2nd quarter valued at $87,000. Independence Bank of Kentucky boosted its holdings in Republic Bancorp by 4,133.3% in the 2nd quarter. Independence Bank of Kentucky now owns 3,175 shares of the bank’s stock worth $170,000 after buying an additional 3,100 shares during the period. BNP Paribas Financial Markets increased its stake in Republic Bancorp by 82.7% in the 1st quarter. BNP Paribas Financial Markets now owns 4,258 shares of the bank’s stock worth $217,000 after buying an additional 1,927 shares in the last quarter. Finally, RPS Advisory Solutions LLC bought a new stake in Republic Bancorp during the second quarter valued at about $226,000. Institutional investors own 24.37% of the company’s stock.

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.