Republic Bancorp (NASDAQ:RBCAA) Stock: Insider Jeff Starke Sells 820 Shares

Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Jeff Starke sold 820 shares of the company’s stock in a transaction on Thursday, October 29th. The stock was sold at an average price of $92.40, for a total value of $75,768.00. Following the transaction, the executive vice president directly owned 7,837 shares in the company, valued at approximately $724,138.80. The trade was a 9.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Republic Bancorp Stock Up 0.4%

Shares of Republic Bancorp stock traded up $0.41 during trading on Thursday, reaching $91.84. The company’s stock had a trading volume of 54,894 shares, compared to its average volume of 86,708. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.14. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 13.87 and a beta of 0.55. Republic Bancorp, Inc. has a 1-year low of $63.97 and a 1-year high of $102.22. The company has a 50-day simple moving average of $93.59 and a two-hundred day simple moving average of $83.07.

Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings results on Friday, October 23rd. The bank reported $1.59 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.06). The business had revenue of $103.93 million during the quarter, compared to analysts’ expectations of $100.35 million. Republic Bancorp had a net margin of 25.33% and a return on equity of 11.20%. As a group, equities analysts forecast that Republic Bancorp, Inc. will post 6.65 earnings per share for the current year.

Wall Street Analyst Weigh In

RBCAA has been the topic of several research reports. Zacks Research raised Republic Bancorp to a “hold” rating in a research report on Monday, July 13th. Raymond James Financial began coverage on Republic Bancorp in a research note on Wednesday, September 2nd. They set a “hold” rating on the stock. Hovde Group boosted their price target on Republic Bancorp from $80.00 to $98.00 and gave the company a “market perform” rating in a research note on Monday, July 27th. Finally, Weiss Ratings raised Republic Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, October 16th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $98.00.

Institutional Trading of Republic Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in Republic Bancorp by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 928,367 shares of the bank’s stock valued at $65,496,000 after purchasing an additional 5,656 shares during the period. Empowered Funds LLC lifted its holdings in shares of Republic Bancorp by 6.1% in the 1st quarter. Empowered Funds LLC now owns 78,246 shares of the bank’s stock valued at $5,520,000 after buying an additional 4,511 shares during the period. Renaissance Technologies LLC boosted its stake in shares of Republic Bancorp by 27.2% in the first quarter. Renaissance Technologies LLC now owns 46,300 shares of the bank’s stock worth $3,266,000 after buying an additional 9,900 shares during the last quarter. Lazard Asset Management LLC boosted its stake in shares of Republic Bancorp by 10.4% in the first quarter. Lazard Asset Management LLC now owns 22,702 shares of the bank’s stock worth $1,602,000 after buying an additional 2,136 shares during the last quarter. Finally, Swiss National Bank grew its holdings in Republic Bancorp by 2.4% during the first quarter. Swiss National Bank now owns 17,200 shares of the bank’s stock worth $1,213,000 after acquiring an additional 400 shares during the period. Institutional investors and hedge funds own 24.37% of the company’s stock.

Republic Bancorp Company Profile

Republic Bancorp, Inc is a Louisville, Kentucky-based bank holding company whose principal subsidiary is Republic Bank & Trust Company. The company provides consumer and commercial banking services to individuals, businesses, professionals and institutions.

Republic Bank offers deposit accounts, checking and savings products, consumer and commercial loans, mortgages, treasury management, private banking, wealth management and investment services. Through its Republic Processing Group, the company also provides financial services and processing solutions for tax professionals, including tax refund-related products and services.

Founded in 1974, Republic Bancorp serves customers through banking operations primarily in Kentucky and selected markets in the surrounding region, including Indiana, Ohio, Tennessee and Florida.