Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Sells $15,625.00 in Stock

Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Steven E. Deweese sold 250 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $62.50, for a total transaction of $15,625.00. Following the transaction, the executive vice president now owns 31,414 shares in the company, valued at $1,963,375. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Republic Bancorp Trading Up 1.6 %

RBCAA opened at $66.78 on Thursday. Republic Bancorp, Inc. has a fifty-two week low of $42.42 and a fifty-two week high of $69.00. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 14.03 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. The firm has a 50 day simple moving average of $61.89 and a 200 day simple moving average of $54.63.

Republic Bancorp (NASDAQ:RBCAA) last posted its quarterly earnings results 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 during the quarter.

Republic Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders 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 is Friday, September 20th. Republic Bancorp’s dividend payout ratio (DPR) is currently 34.03%.

Institutional Trading of Republic Bancorp

A number of institutional investors and hedge funds have recently modified their holdings of RBCAA. Renaissance Technologies LLC grew its holdings in Republic Bancorp by 5.5% during the second quarter. Renaissance Technologies LLC now owns 40,200 shares of the bank’s stock valued at $2,155,000 after purchasing an additional 2,100 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Republic Bancorp by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 952,102 shares of the bank’s stock worth $51,040,000 after purchasing an additional 8,382 shares in the last quarter. Inspire Advisors LLC bought a new position in shares of Republic Bancorp during the second quarter worth $1,546,000. American Century Companies Inc. grew its holdings in shares of Republic Bancorp by 17.0% in the 2nd quarter. American Century Companies Inc. now owns 146,090 shares of the bank’s stock valued at $7,832,000 after buying an additional 21,261 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in shares of Republic Bancorp in the 2nd quarter valued at $87,000. 24.37% of the stock is owned by 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.