Republic Bancorp (NASDAQ:RBCAA) Sees Strong Trading Volume

Shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) saw unusually-high trading volume on Friday . Approximately 16,463 shares were traded during trading, a decline of 5% from the previous session’s volume of 17,340 shares.The stock last traded at $67.06 and had previously closed at $68.36.

Republic Bancorp Trading Down 2.2 %

The business’s 50 day moving average is $62.13 and its two-hundred day moving average is $54.73. 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 firm has a market capitalization of $1.30 billion, a P/E ratio of 14.36 and a beta of 0.52.

Republic Bancorp (NASDAQ:RBCAA) last issued its quarterly earnings data on Friday, July 19th. The bank reported $1.30 earnings per share 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 company had revenue of $116.05 million for the quarter.

Republic Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 20th will be issued a dividend of $0.407 per share. This represents a $1.63 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date of this dividend is Friday, September 20th. Republic Bancorp’s payout ratio is currently 34.24%.

Insider Transactions at Republic Bancorp

In other Republic Bancorp news, CFO Kevin D. Sipes sold 10,074 shares of the company’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $65.07, for a total value of $655,515.18. Following the transaction, the chief financial officer now owns 70,086 shares of the company’s stock, valued at $4,560,496.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Republic Bancorp news, CFO Kevin D. Sipes sold 10,074 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $65.07, for a total transaction of $655,515.18. Following the sale, the chief financial officer now owns 70,086 shares in the company, valued at approximately $4,560,496.02. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Christy Ames sold 1,715 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $63.72, for a total transaction of $109,279.80. Following the sale, the executive vice president now directly owns 4,240 shares of the company’s stock, valued at $270,172.80. The disclosure for this sale can be found here. Insiders have sold 18,078 shares of company stock valued at $1,170,715 in the last quarter. Insiders own 55.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Innealta Capital LLC purchased a new position in shares of Republic Bancorp in the second quarter worth approximately $67,000. Acadian Asset Management LLC purchased a new position in Republic Bancorp during the second quarter valued at approximately $87,000. Independence Bank of Kentucky grew its position in Republic Bancorp by 4,133.3% during the second quarter. Independence Bank of Kentucky now owns 3,175 shares of the bank’s stock valued at $170,000 after purchasing an additional 3,100 shares in the last quarter. BNP Paribas Financial Markets grew its position in Republic Bancorp by 82.7% during the first quarter. BNP Paribas Financial Markets now owns 4,258 shares of the bank’s stock valued at $217,000 after purchasing an additional 1,927 shares in the last quarter. Finally, RPS Advisory Solutions LLC purchased a new position in Republic Bancorp during the second quarter valued at approximately $226,000. 24.37% of the stock is owned by hedge funds and other 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.