Inspire Investing LLC Sells 235 Shares of Republic Bancorp, Inc. (NASDAQ:RBCAA)

Inspire Investing LLC lessened its position in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) by 3.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,841 shares of the bank’s stock after selling 235 shares during the period. Inspire Investing LLC’s holdings in Republic Bancorp were worth $367,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in RBCAA. Innealta Capital LLC acquired a new position in shares of Republic Bancorp in the second quarter valued at about $67,000. Acadian Asset Management LLC acquired a new position in shares of Republic Bancorp during the 2nd quarter worth approximately $87,000. Independence Bank of Kentucky increased its holdings 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 during the period. RPS Advisory Solutions LLC acquired a new stake in shares of Republic Bancorp in the second quarter valued at approximately $226,000. Finally, BNP Paribas Financial Markets boosted its stake in shares of Republic Bancorp by 82.7% in the first quarter. BNP Paribas Financial Markets now owns 4,258 shares of the bank’s stock valued at $217,000 after buying an additional 1,927 shares during the period. Institutional investors and hedge funds own 24.37% of the company’s stock.

Insider Buying and Selling

In other news, Director David P. Feaster sold 789 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $361,648.17. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Republic Bancorp news, EVP Christy Ames sold 1,715 shares of the company’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $63.72, for a total value of $109,279.80. Following the completion of the transaction, the executive vice president now owns 4,240 shares of the company’s stock, valued at approximately $270,172.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director David P. Feaster sold 789 shares of Republic Bancorp stock in a transaction dated 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 in the company, valued at $361,648.17. The disclosure for this sale can be found here. Insiders sold a total of 18,078 shares of company stock worth $1,170,715 in the last ninety days. 55.50% of the stock is owned by insiders.

Republic Bancorp Stock Performance

RBCAA opened at $65.32 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.09 and a current ratio of 1.09. Republic Bancorp, Inc. has a 52-week low of $42.42 and a 52-week high of $69.00. The firm has a market cap of $1.27 billion, a P/E ratio of 13.72 and a beta of 0.52. The business’s fifty day moving average is $62.30 and its 200-day moving average is $54.89.

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

Republic Bancorp Announces Dividend

The firm also recently declared 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. The ex-dividend date is Friday, September 20th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.49%. Republic Bancorp’s dividend payout ratio (DPR) is currently 34.24%.

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.