Republic Bancorp, Inc. (NASDAQ:RBCAA) Director Sells $93,386.52 in Stock

Republic Bancorp, Inc. (NASDAQ:RBCAA) Director David P. Feaster sold 1,406 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $66.42, for a total value of $93,386.52. Following the completion of the sale, the director now owns 4,303 shares of the company’s stock, valued at $285,805.26. The trade was a 24.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Republic Bancorp Stock Down 0.0 %

Shares of Republic Bancorp stock opened at $65.45 on Friday. The company’s fifty day simple moving average is $71.39 and its two-hundred day simple moving average is $67.37. Republic Bancorp, Inc. has a 12-month low of $46.55 and a 12-month high of $80.68. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The company has a market cap of $1.27 billion, a P/E ratio of 12.51 and a beta of 0.56.

Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings data on Friday, January 24th. The bank reported $0.98 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.22). Republic Bancorp had a net margin of 20.05% and a return on equity of 10.60%.

Republic Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be given a $0.451 dividend. This represents a $1.80 annualized dividend and a yield of 2.76%. This is a boost from Republic Bancorp’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, March 21st. Republic Bancorp’s dividend payout ratio (DPR) is presently 31.17%.

Hedge Funds Weigh In On Republic Bancorp

Institutional investors have recently made changes to their positions in the business. Cerity Partners LLC raised its holdings in Republic Bancorp by 1.4% in the 3rd quarter. Cerity Partners LLC now owns 12,501 shares of the bank’s stock worth $816,000 after purchasing an additional 167 shares during the period. Rhumbline Advisers increased its stake in shares of Republic Bancorp by 4.1% in the fourth quarter. Rhumbline Advisers now owns 14,238 shares of the bank’s stock worth $995,000 after purchasing an additional 567 shares in the last quarter. New York State Teachers Retirement System lifted its stake in shares of Republic Bancorp by 659.0% during the 4th quarter. New York State Teachers Retirement System now owns 759 shares of the bank’s stock valued at $53,000 after buying an additional 659 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Republic Bancorp by 22.8% in the 4th quarter. SG Americas Securities LLC now owns 3,851 shares of the bank’s stock worth $269,000 after buying an additional 714 shares during the period. Finally, Empowered Funds LLC increased its stake in Republic Bancorp by 2.0% in the 3rd quarter. Empowered Funds LLC now owns 61,825 shares of the bank’s stock worth $4,037,000 after buying an additional 1,204 shares in the last quarter. Institutional investors own 24.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Hovde Group cut their price objective on Republic Bancorp from $72.00 to $70.00 and set a “market perform” rating on the stock in a research report on Monday, January 27th.

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.