Rhumbline Advisers Lowers Stake in Republic Bancorp, Inc. (NASDAQ:RBCAA)

Rhumbline Advisers reduced its position in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) by 1.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 14,148 shares of the bank’s stock after selling 270 shares during the period. Rhumbline Advisers’ holdings in Republic Bancorp were worth $758,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of RBCAA. Innealta Capital LLC acquired a new position in shares of Republic Bancorp during the 2nd quarter worth about $67,000. Independence Bank of Kentucky raised its position in shares of Republic Bancorp by 4,133.3% during the 2nd quarter. Independence Bank of Kentucky now owns 3,175 shares of the bank’s stock worth $170,000 after purchasing an additional 3,100 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Republic Bancorp by 82.7% during the 1st quarter. BNP Paribas Financial Markets now owns 4,258 shares of the bank’s stock worth $217,000 after purchasing an additional 1,927 shares during the last quarter. RPS Advisory Solutions LLC acquired a new position in shares of Republic Bancorp during the 2nd quarter worth about $226,000. Finally, Inspire Investing LLC raised its position in shares of Republic Bancorp by 3.6% during the 1st quarter. Inspire Investing LLC now owns 7,076 shares of the bank’s stock worth $361,000 after purchasing an additional 245 shares during the last quarter. 24.37% of the stock is owned by hedge funds and other institutional investors.

Republic Bancorp Stock Down 0.4 %

RBCAA opened at $65.09 on Tuesday. The company has a market cap of $1.77 billion, a PE ratio of 13.67 and a beta of 0.52. 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 50-day moving average price of $62.43 and a 200 day moving average price of $55.04.

Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings data 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 during the quarter. Republic Bancorp had a net margin of 20.41% and a return on equity of 10.50%.

Republic Bancorp Announces Dividend

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 issued a $0.407 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.63 dividend on an annualized basis and a yield of 2.50%. Republic Bancorp’s payout ratio is 34.03%.

Insider Buying and Selling at Republic Bancorp

In other Republic Bancorp news, CFO Kevin D. Sipes sold 10,074 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $65.07, for a total value of $655,515.18. Following the completion of the sale, the chief financial officer now owns 70,086 shares in the company, valued at approximately $4,560,496.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, CFO Kevin D. Sipes sold 10,074 shares of the firm’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 owns 70,086 shares in the company, valued at approximately $4,560,496.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David P. Feaster sold 789 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $65.91, for a total transaction 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 disclosure for this sale can be found here. In the last quarter, insiders sold 18,078 shares of company stock worth $1,170,715. Insiders own 55.50% 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.