Insider Selling: Republic Bancorp, Inc. (NASDAQ:RBCAA) Director Sells 1,406 Shares of Stock

Republic Bancorp, Inc. (NASDAQ:RBCAA - Get Free Report) Director David P. Feaster sold 1,406 shares of Republic Bancorp stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $66.42, for a total value of $93,386.52. Following the sale, the director now directly owns 4,303 shares in the company, valued at $285,805.26. The trade was a 24.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Republic Bancorp Price Performance

Shares of Republic Bancorp stock traded down $1.36 on Monday, reaching $64.09. The stock had a trading volume of 23,944 shares, compared to its average volume of 23,826. The business's 50 day moving average is $71.15 and its two-hundred day moving average is $67.49. The company has a market cap of $1.25 billion, a P/E ratio of 12.25 and a beta of 0.54. Republic Bancorp, Inc. has a 1 year low of $46.55 and a 1 year high of $80.68. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last issued its quarterly earnings data on Friday, January 24th. The bank reported $0.98 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.22). Republic Bancorp had a return on equity of 10.60% and a net margin of 20.05%.

Republic Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be given a dividend of $0.451 per share. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.80 annualized dividend and a yield of 2.81%. This is a positive change from Republic Bancorp's previous quarterly dividend of $0.41. Republic Bancorp's dividend payout ratio (DPR) is 31.17%.

Analyst Ratings Changes

Separately, Hovde Group reduced their price objective on Republic Bancorp from $72.00 to $70.00 and set a "market perform" rating for the company in a research report on Monday, January 27th.

Institutional Trading of Republic Bancorp

Institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC lifted its stake in Republic Bancorp by 4.5% in the third quarter. Geode Capital Management LLC now owns 219,628 shares of the bank's stock worth $14,345,000 after acquiring an additional 9,430 shares during the period. State Street Corp raised its stake in Republic Bancorp by 2.2% in the 3rd quarter. State Street Corp now owns 210,298 shares of the bank's stock worth $13,816,000 after acquiring an additional 4,429 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Republic Bancorp by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 100,794 shares of the bank's stock worth $6,582,000 after purchasing an additional 2,098 shares during the period. Empowered Funds LLC boosted its holdings in shares of Republic Bancorp by 5.0% in the 4th quarter. Empowered Funds LLC now owns 64,930 shares of the bank's stock valued at $4,537,000 after acquiring an additional 3,105 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in Republic Bancorp by 5.5% in 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 last quarter. 24.37% of the stock is currently 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.