Insider Selling: Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Sells 1,715 Shares of Stock

Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Christy Ames sold 1,715 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $63.72, for a total transaction of $109,279.80. Following the transaction, the executive vice president now owns 4,240 shares of the company’s stock, valued at approximately $270,172.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Republic Bancorp Price Performance

Shares of RBCAA opened at $62.20 on Thursday. The company has a 50 day moving average of $59.70 and a two-hundred day moving average of $53.66. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.39. Republic Bancorp, Inc. has a twelve month low of $42.42 and a twelve month high of $69.00. The company has a market cap of $1.21 billion, a price-to-earnings ratio of 13.07 and a beta of 0.52.

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

Republic Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.407 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.63 annualized dividend and a dividend yield of 2.62%. Republic Bancorp’s dividend payout ratio (DPR) is currently 34.24%.

Hedge Funds Weigh In On Republic Bancorp

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Innealta Capital LLC acquired a new position in Republic Bancorp during the 2nd quarter valued at approximately $67,000. Acadian Asset Management LLC purchased a new stake in shares of Republic Bancorp during the second quarter valued at $87,000. Independence Bank of Kentucky increased its position in shares of Republic Bancorp by 4,133.3% in the 2nd quarter. Independence Bank of Kentucky now owns 3,175 shares of the bank’s stock valued at $170,000 after acquiring an additional 3,100 shares during the period. BNP Paribas Financial Markets raised 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 acquiring an additional 1,927 shares during the last quarter. Finally, RPS Advisory Solutions LLC acquired a new stake in Republic Bancorp during the 2nd quarter worth about $226,000. 24.37% of the stock is owned by hedge funds and other institutional investors.

About Republic Bancorp

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.