Steven E. Deweese Sells 250 Shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) Stock

Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Steven E. Deweese sold 250 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $62.50, for a total value of $15,625.00. Following the sale, the executive vice president now owns 31,414 shares in the company, valued at approximately $1,963,375. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Republic Bancorp Trading Up 0.9 %

Republic Bancorp stock traded up $0.59 during trading hours on Monday, hitting $65.27. The stock had a trading volume of 13,060 shares, compared to its average volume of 17,246. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 13.59 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. The business’s 50 day simple moving average is $61.08 and its 200-day simple moving average is $54.31. Republic Bancorp, Inc. has a one year low of $42.42 and a one year high of $69.00.

Republic Bancorp (NASDAQ:RBCAA) last issued its quarterly earnings data on Friday, July 19th. The bank reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). Republic Bancorp had a net margin of 20.41% and a return on equity of 10.50%. The business had revenue of $116.05 million during the quarter.

Republic Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 20th will be paid a $0.407 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.63 annualized dividend and a dividend yield of 2.49%. Republic Bancorp’s dividend payout ratio is 34.24%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in shares of Republic Bancorp by 0.9% in the second quarter. Dimensional Fund Advisors LP now owns 952,102 shares of the bank’s stock valued at $51,040,000 after buying an additional 8,382 shares during the period. Vanguard Group Inc. boosted its holdings in Republic Bancorp by 0.4% in the first quarter. Vanguard Group Inc. now owns 500,726 shares of the bank’s stock valued at $25,537,000 after acquiring an additional 2,043 shares during the last quarter. American Century Companies Inc. increased its position 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 period. Charles Schwab Investment Management Inc. raised its holdings in Republic Bancorp by 0.7% during 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 during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Republic Bancorp by 1.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 76,927 shares of the bank’s stock worth $4,124,000 after purchasing an additional 1,226 shares during the period. 24.37% of the stock is owned by institutional investors.

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.