Republic Bancorp, Inc. (NASDAQ:RBCAA) Director Sells $113,142.48 in Stock

Republic Bancorp, Inc. (NASDAQ:RBCAA) Director Heather V. Howell sold 1,496 shares of the firm’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $75.63, for a total transaction of $113,142.48. Following the transaction, the director now owns 7,491 shares in the company, valued at $566,544.33. This represents a 16.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Republic Bancorp Stock Down 1.3 %

RBCAA opened at $68.99 on Friday. The firm has a market cap of $1.34 billion, a P/E ratio of 13.12 and a beta of 0.54. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.12. The business has a 50 day moving average price of $73.66 and a 200 day moving average price of $65.27. Republic Bancorp, Inc. has a twelve month low of $46.55 and a twelve month high of $80.68.

Republic Bancorp (NASDAQ:RBCAA) last issued its quarterly earnings data on Friday, October 18th. The bank reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.16. Republic Bancorp had a net margin of 20.65% and a return on equity of 10.79%. The business had revenue of $118.36 million during the quarter.

Republic Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 20th will be given a $0.407 dividend. This represents a $1.63 annualized dividend and a dividend yield of 2.36%. The ex-dividend date is Friday, December 20th. Republic Bancorp’s dividend payout ratio is currently 30.80%.

Hedge Funds Weigh In On Republic Bancorp

Institutional investors have recently made changes to their positions in the business. Acadian Asset Management LLC bought a new position in Republic Bancorp during the second quarter worth $87,000. SG Americas Securities LLC acquired a new stake in Republic Bancorp in the 3rd quarter worth $205,000. SeaCrest Wealth Management LLC bought a new position in shares of Republic Bancorp during the 3rd quarter worth about $208,000. The Manufacturers Life Insurance Company acquired a new position in shares of Republic Bancorp during the third quarter valued at about $224,000. Finally, Hohimer Wealth Management LLC acquired a new stake in Republic Bancorp during the third quarter worth about $227,000. 24.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Hovde Group lowered Republic Bancorp from an “outperform” rating to a “market perform” rating and raised their target price for the company from $78.00 to $80.00 in a report on Wednesday, November 13th.

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.