Insider Selling: Republic Bancorp (NASDAQ:RBCAA) EVP Sells $29,886.00 in Stock

Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Christy Ames sold 340 shares of the firm’s stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $87.90, for a total value of $29,886.00. Following the transaction, the executive vice president owned 6,145 shares in the company, valued at approximately $540,145.50. This trade represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Republic Bancorp Price Performance

Shares of NASDAQ:RBCAA opened at $87.66 on Monday. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.32. The stock’s fifty day simple moving average is $77.61 and its two-hundred day simple moving average is $73.11. Republic Bancorp, Inc. has a 1-year low of $63.97 and a 1-year high of $88.78. The stock has a market cap of $1.72 billion, a PE ratio of 13.53 and a beta of 0.58.

Republic Bancorp (NASDAQ:RBCAA) last issued its quarterly earnings data on Thursday, April 23rd. The bank reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.63. Republic Bancorp had a return on equity of 11.32% and a net margin of 25.22%.The business had revenue of $114.57 million for the quarter, compared to analysts’ expectations of $96.60 million.

Republic Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, June 18th will be paid a dividend of $0.495 per share. The ex-dividend date is Thursday, June 18th. This represents a $1.98 annualized dividend and a yield of 2.3%. Republic Bancorp’s dividend payout ratio (DPR) is 30.56%.

Wall Street Analyst Weigh In

RBCAA has been the topic of several recent analyst reports. Wall Street Zen upgraded Republic Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings reiterated a “buy (b)” rating on shares of Republic Bancorp in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Institutional Investors Weigh In On Republic Bancorp

A number of hedge funds have recently made changes to their positions in RBCAA. First Trust Advisors LP raised its stake in shares of Republic Bancorp by 651.0% during the 2nd quarter. First Trust Advisors LP now owns 78,077 shares of the bank’s stock worth $5,708,000 after purchasing an additional 67,681 shares during the period. Millennium Management LLC raised its stake in shares of Republic Bancorp by 172.3% during the 3rd quarter. Millennium Management LLC now owns 63,702 shares of the bank’s stock worth $4,602,000 after purchasing an additional 40,308 shares during the period. American Century Companies Inc. raised its stake in shares of Republic Bancorp by 11.0% during the 3rd quarter. American Century Companies Inc. now owns 265,298 shares of the bank’s stock worth $19,168,000 after purchasing an additional 26,319 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in shares of Republic Bancorp during the 3rd quarter worth $1,600,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Republic Bancorp by 41.7% during the 4th quarter. Goldman Sachs Group Inc. now owns 60,225 shares of the bank’s stock worth $4,155,000 after purchasing an additional 17,709 shares during the period. 24.37% of the stock is currently owned by institutional investors.

About Republic Bancorp

Republic Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, that operates through its principal subsidiary, Republic Bank & Trust Company. The company provides a full suite of commercial and retail banking services tailored to individuals, small businesses and middle‐market clients. Core offerings include deposit accounts, consumer and commercial lending, treasury and cash-management services, mortgage financing, SBA lending and wealth management solutions. Republic Bancorp also supports specialized financing needs through equipment leasing and small business advisory services.

Republic Bancorp’s branch network spans key markets in the U.S.