Insider Selling: Republic Bancorp, Inc. (NASDAQ:RBCAA) Director Sells $52,002.99 in Stock

Republic Bancorp, Inc. (NASDAQ:RBCAA) Director David P. Feaster sold 789 shares of the stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $65.91, for a total transaction of $52,002.99. Following the transaction, the director now directly owns 5,487 shares in the company, valued at $361,648.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Republic Bancorp Stock Performance

RBCAA opened at $67.68 on Monday. The company has a quick ratio of 1.03, a current ratio of 1.05 and a debt-to-equity ratio of 0.29. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 14.22 and a beta of 0.54. Republic Bancorp, Inc. has a 52-week low of $42.42 and a 52-week high of $69.00. The firm’s fifty day simple moving average is $54.06 and its two-hundred day simple moving average is $51.68.

Republic Bancorp (NASDAQ:RBCAA) last issued its earnings results on Friday, July 19th. The bank reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). The business had revenue of $116.05 million during the quarter. Republic Bancorp had a net margin of 20.41% and a return on equity of 10.62%.

Republic Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 20th will be given a $0.407 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend is Friday, September 20th. Republic Bancorp’s dividend payout ratio (DPR) is 34.24%.

Institutional Investors Weigh In On Republic Bancorp

A number of hedge funds have recently modified their holdings of the business. Charles Schwab Investment Management Inc. increased its position in Republic Bancorp by 0.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 97,399 shares of the bank’s stock worth $5,373,000 after purchasing an additional 704 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in Republic Bancorp by 26.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 13,172 shares of the bank’s stock worth $672,000 after purchasing an additional 2,742 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in Republic Bancorp by 9.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 7,405 shares of the bank’s stock worth $378,000 after purchasing an additional 624 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in Republic Bancorp during the fourth quarter worth about $413,000. Finally, SG Americas Securities LLC increased its position in Republic Bancorp by 27.9% during the fourth quarter. SG Americas Securities LLC now owns 4,953 shares of the bank’s stock worth $273,000 after purchasing an additional 1,079 shares during the last quarter. 24.37% of the stock is currently owned by institutional investors and hedge funds.

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.