Rhumbline Advisers Sells 270 Shares of Republic Bancorp, Inc. (NASDAQ:RBCAA)

Rhumbline Advisers decreased its holdings in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 1.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,148 shares of the bank’s stock after selling 270 shares during the period. Rhumbline Advisers owned about 0.05% of Republic Bancorp worth $758,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Innealta Capital LLC acquired a new position in shares of Republic Bancorp during the second quarter worth $67,000. Independence Bank of Kentucky increased its position in shares of Republic Bancorp by 4,133.3% during the second quarter. Independence Bank of Kentucky now owns 3,175 shares of the bank’s stock worth $170,000 after purchasing an additional 3,100 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of Republic Bancorp by 82.7% during the first quarter. BNP Paribas Financial Markets now owns 4,258 shares of the bank’s stock worth $217,000 after purchasing an additional 1,927 shares in the last quarter. RPS Advisory Solutions LLC acquired a new position in shares of Republic Bancorp during the second quarter worth $226,000. Finally, Inspire Investing LLC increased its position in shares of Republic Bancorp by 3.6% during the first quarter. Inspire Investing LLC now owns 7,076 shares of the bank’s stock worth $361,000 after purchasing an additional 245 shares in the last quarter. Institutional investors own 24.37% of the company’s stock.

Republic Bancorp Price Performance

Shares of RBCAA opened at $65.09 on Tuesday. The firm has a market capitalization of $1.77 billion, a PE ratio of 13.67 and a beta of 0.52. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.09 and a quick ratio of 1.09. Republic Bancorp, Inc. has a 1-year low of $42.42 and a 1-year high of $69.00. The company’s fifty day moving average price is $62.43 and its 200-day moving average price is $55.04.

Republic Bancorp (NASDAQ:RBCAA) last announced 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). The company had revenue of $116.05 million for the quarter. Republic Bancorp had a net margin of 20.41% and a return on equity of 10.50%.

Republic Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders 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 dividend yield of 2.50%. The ex-dividend date is Friday, September 20th. Republic Bancorp’s dividend payout ratio (DPR) is presently 34.03%.

Insider Activity

In other Republic Bancorp news, Director David P. Feaster sold 789 shares of the company’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $65.91, for a total value of $52,002.99. Following the sale, the director now directly owns 5,487 shares of the company’s stock, valued at $361,648.17. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Republic Bancorp news, Director David P. Feaster sold 789 shares of the company’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $65.91, for a total value of $52,002.99. Following the sale, the director now directly owns 5,487 shares of the company’s stock, valued at $361,648.17. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Kevin D. Sipes sold 10,074 shares of the company’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $65.07, for a total transaction of $655,515.18. Following the completion of the sale, the chief financial officer now directly owns 70,086 shares in the company, valued at $4,560,496.02. The disclosure for this sale can be found here. Insiders have sold 18,078 shares of company stock valued at $1,170,715 over the last ninety days. 55.50% of the stock is currently owned by insiders.

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.