Republic Bancorp (NASDAQ:RBCAA) EVP Sells $10,043.47 in Stock

Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Jeff Starke sold 137 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The stock was sold at an average price of $73.31, for a total transaction of $10,043.47. Following the sale, the executive vice president owned 5,773 shares in the company, valued at approximately $423,218.63. The trade was a 2.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Republic Bancorp Stock Performance

Shares of NASDAQ RBCAA opened at $74.31 on Thursday. The stock has a market cap of $1.45 billion, a PE ratio of 11.38 and a beta of 0.60. Republic Bancorp, Inc. has a 1 year low of $56.79 and a 1 year high of $78.25. The firm has a fifty day moving average price of $68.71 and a 200-day moving average price of $71.42. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.06 and a quick ratio of 1.05.

Republic Bancorp (NASDAQ:RBCAA) last issued its earnings results on Friday, October 17th. The bank reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.38 by $0.14. The company had revenue of $93.54 million during the quarter, compared to the consensus estimate of $92.50 million. Republic Bancorp had a net margin of 24.53% and a return on equity of 12.23%.

Republic Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, December 19th will be given a dividend of $0.451 per share. The ex-dividend date is Friday, December 19th. This represents a $1.80 annualized dividend and a dividend yield of 2.4%. Republic Bancorp’s dividend payout ratio (DPR) is currently 27.57%.

Hedge Funds Weigh In On Republic Bancorp

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quarry LP bought a new stake in Republic Bancorp in the 3rd quarter worth approximately $27,000. Qube Research & Technologies Ltd grew its holdings in shares of Republic Bancorp by 20.7% in the third quarter. Qube Research & Technologies Ltd now owns 24,718 shares of the bank’s stock valued at $1,786,000 after purchasing an additional 4,240 shares in the last quarter. Mercer Global Advisors Inc. ADV purchased a new position in shares of Republic Bancorp in the third quarter valued at $1,600,000. Millennium Management LLC increased its position in Republic Bancorp by 172.3% in the third 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 last quarter. Finally, Citadel Advisors LLC purchased a new stake in Republic Bancorp during the third quarter valued at $232,000. 24.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Republic Bancorp in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $69.00.

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.