Public Employees Retirement Association of Colorado Has $204,000 Position in Republic Bancorp, Inc. (NASDAQ:RBCAA)

Public Employees Retirement Association of Colorado lessened its position in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 17.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,807 shares of the bank’s stock after selling 798 shares during the quarter. Public Employees Retirement Association of Colorado’s holdings in Republic Bancorp were worth $204,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Inspire Investing LLC increased 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 purchasing an additional 245 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Republic Bancorp by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 7,405 shares of the bank’s stock worth $378,000 after buying an additional 624 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Republic Bancorp by 0.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 97,399 shares of the bank’s stock worth $5,373,000 after purchasing an additional 704 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Republic Bancorp by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 76,927 shares of the bank’s stock valued at $4,124,000 after buying an additional 1,226 shares during the period. Finally, Innealta Capital LLC bought a new position in shares of Republic Bancorp during the second quarter valued at $67,000. Institutional investors own 24.37% of the company’s stock.

Insider Buying and Selling at Republic Bancorp

In other news, CFO Kevin D. Sipes sold 10,074 shares of Republic Bancorp stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $65.07, for a total value of $655,515.18. Following the completion of the transaction, the chief financial officer now directly owns 70,086 shares in the company, valued at $4,560,496.02. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Republic Bancorp news, CFO Kevin D. Sipes sold 10,074 shares of the company’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $65.07, for a total value of $655,515.18. Following the transaction, the chief financial officer now directly owns 70,086 shares in the company, valued at approximately $4,560,496.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David P. Feaster sold 789 shares of Republic Bancorp stock in a transaction 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 directly owns 5,487 shares of the company’s stock, valued at $361,648.17. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,078 shares of company stock valued at $1,170,715. Company insiders own 55.50% of the company’s stock.

Republic Bancorp Stock Up 0.1 %

Shares of NASDAQ RBCAA opened at $64.25 on Monday. The company’s 50 day moving average price is $62.58 and its 200-day moving average price is $55.40. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.09 and a current ratio of 1.09. Republic Bancorp, Inc. has a 52-week low of $42.42 and a 52-week high of $69.00. The company has a market capitalization of $1.74 billion, a P/E ratio of 13.50 and a beta of 0.52.

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). The firm had revenue of $116.05 million during the quarter. Republic Bancorp had a return on equity of 10.50% and a net margin of 20.41%.

Republic Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 20th will be issued a dividend of $0.407 per share. The ex-dividend date is Friday, September 20th. This represents a $1.63 dividend on an annualized basis and a yield of 2.53%. Republic Bancorp’s dividend payout ratio (DPR) is presently 34.03%.

Republic Bancorp 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.