Republic Bancorp (NASDAQ:RBCAA) EVP Christy Ames Sells 340 Shares of Stock

Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Christy Ames sold 340 shares of Republic Bancorp stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $87.90, for a total transaction of $29,886.00. Following the transaction, the executive vice president directly owned 6,145 shares of the company’s stock, valued at approximately $540,145.50. This represents a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Republic Bancorp Price Performance

RBCAA stock opened at $87.66 on Friday. The stock has a market cap of $1.72 billion, a PE ratio of 13.53 and a beta of 0.58. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.32. Republic Bancorp, Inc. has a 12 month low of $63.97 and a 12 month high of $88.78. The company has a 50-day moving average price of $77.61 and a 200 day moving average price of $73.07.

Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings data on Thursday, April 23rd. The bank reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.63. The company had revenue of $114.57 million during the quarter, compared to analysts’ expectations of $96.60 million. Republic Bancorp had a net margin of 25.22% and a return on equity of 11.32%.

Republic Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, June 18th will be given a $0.495 dividend. This represents a $1.98 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, June 18th. Republic Bancorp’s payout ratio is 30.56%.

Analyst Ratings Changes

Several equities research analysts have issued reports on RBCAA shares. Weiss Ratings reissued a “buy (b)” rating on shares of Republic Bancorp in a research report on Tuesday. Wall Street Zen raised shares of Republic Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Republic Bancorp presently has an average rating of “Moderate Buy”.

Institutional Investors Weigh In On Republic Bancorp

Hedge funds have recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its position in shares of Republic Bancorp by 7,500.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 15,200 shares of the bank’s stock worth $1,098,000 after purchasing an additional 15,000 shares during the period. American Century Companies Inc. raised its stake in shares of Republic Bancorp by 11.0% during the 3rd quarter. American Century Companies Inc. now owns 265,298 shares of the bank’s stock worth $19,168,000 after acquiring an additional 26,319 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Republic Bancorp by 52.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 23,236 shares of the bank’s stock worth $1,679,000 after acquiring an additional 8,037 shares in the last quarter. Valeo Financial Advisors LLC bought a new position in shares of Republic Bancorp during the 4th quarter worth approximately $312,000. Finally, Denali Advisors LLC raised its stake in shares of Republic Bancorp by 6.6% during the 4th quarter. Denali Advisors LLC now owns 27,400 shares of the bank’s stock worth $1,890,000 after acquiring an additional 1,700 shares in the last quarter. Hedge funds and other institutional investors own 24.37% of the company’s stock.

About Republic Bancorp

Republic Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, that operates through its principal subsidiary, Republic Bank & Trust Company. The company provides a full suite of commercial and retail banking services tailored to individuals, small businesses and middle‐market clients. Core offerings include deposit accounts, consumer and commercial lending, treasury and cash-management services, mortgage financing, SBA lending and wealth management solutions. Republic Bancorp also supports specialized financing needs through equipment leasing and small business advisory services.

Republic Bancorp’s branch network spans key markets in the U.S.