Republic Bancorp (NASDAQ:RBCAA) Sees Strong Trading Volume

Republic Bancorp, Inc. (NASDAQ:RBCAA) saw an uptick in trading volume on Friday . 16,463 shares traded hands during trading, a decline of 5% from the previous session’s volume of 17,340 shares.The stock last traded at $67.06 and had previously closed at $68.36.

Republic Bancorp Price Performance

The stock’s 50-day moving average is $62.13 and its 200 day moving average is $54.73. The stock has a market capitalization of $1.30 billion, a PE ratio of 14.36 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 (NASDAQ:RBCAA) last posted its earnings results on Friday, July 19th. The bank reported $1.30 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.03). The business 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 Announces Dividend

The firm also recently announced 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. This represents a $1.63 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Friday, September 20th. Republic Bancorp’s dividend payout ratio is 34.24%.

Insiders Place Their Bets

In other Republic Bancorp news, EVP Christy Ames sold 1,715 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $63.72, for a total value of $109,279.80. Following the completion of the sale, the executive vice president now directly owns 4,240 shares of the company’s stock, valued at $270,172.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Juan Montano sold 2,750 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $63.37, for a total value of $174,267.50. Following the completion of the sale, the executive vice president now directly owns 8,558 shares in the company, valued at $542,320.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Christy Ames sold 1,715 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president now owns 4,240 shares of the company’s stock, valued at $270,172.80. The disclosure for this sale can be found here. Insiders sold 18,078 shares of company stock valued at $1,170,715 over the last ninety days. Corporate insiders own 55.50% of the company’s stock.

Institutional Trading of Republic Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of RBCAA. Renaissance Technologies LLC raised its stake in Republic Bancorp by 5.5% during the 2nd quarter. Renaissance Technologies LLC now owns 40,200 shares of the bank’s stock valued at $2,155,000 after purchasing an additional 2,100 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Republic Bancorp by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 952,102 shares of the bank’s stock valued at $51,040,000 after purchasing an additional 8,382 shares during the last quarter. Inspire Advisors LLC acquired a new position in Republic Bancorp during the 2nd quarter valued at $1,546,000. American Century Companies Inc. raised its stake in Republic Bancorp by 17.0% during the 2nd quarter. American Century Companies Inc. now owns 146,090 shares of the bank’s stock valued at $7,832,000 after purchasing an additional 21,261 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new position in Republic Bancorp during the 2nd quarter valued at $87,000. 24.37% of the stock is currently owned by institutional investors and hedge funds.

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.