Heather V. Howell Sells 1,496 Shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) Stock

Republic Bancorp, Inc. (NASDAQ:RBCAA - Get Free Report) Director Heather V. Howell sold 1,496 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $75.63, for a total transaction of $113,142.48. Following the completion of the sale, the director now directly owns 7,491 shares of the company's stock, valued at $566,544.33. This trade represents a 16.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Republic Bancorp Stock Performance

Shares of NASDAQ:RBCAA traded down $0.25 during trading on Tuesday, reaching $69.87. 14,047 shares of the company's stock traded hands, compared to its average volume of 17,665. The stock has a market capitalization of $1.36 billion, a P/E ratio of 13.28 and a beta of 0.54. Republic Bancorp, Inc. has a 12 month low of $46.55 and a 12 month high of $80.68. The company has a 50 day moving average of $73.61 and a 200-day moving average of $65.21. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.12 and a quick ratio of 1.11.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last released its quarterly earnings data on Friday, October 18th. The bank reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.16. Republic Bancorp had a return on equity of 10.79% and a net margin of 20.65%. The business had revenue of $118.36 million during the quarter.

Republic Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 20th will be issued a $0.407 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 2.33%. The ex-dividend date of this dividend is Friday, December 20th. Republic Bancorp's dividend payout ratio (DPR) is 30.80%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in RBCAA. Dimensional Fund Advisors LP lifted its stake in shares of Republic Bancorp by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 952,102 shares of the bank's stock worth $51,040,000 after acquiring an additional 8,382 shares during the period. Geode Capital Management LLC lifted its position 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 purchasing an additional 9,430 shares during the period. State Street Corp lifted its position in Republic Bancorp by 2.2% in the third quarter. State Street Corp now owns 210,298 shares of the bank's stock worth $13,816,000 after purchasing an additional 4,429 shares during the period. American Century Companies Inc. boosted its stake in Republic Bancorp by 17.0% during the 2nd quarter. American Century Companies Inc. now owns 146,090 shares of the bank's stock valued at $7,832,000 after purchasing an additional 21,261 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Republic Bancorp by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 100,794 shares of the bank's stock valued at $6,582,000 after purchasing an additional 2,098 shares during the period. Institutional investors and hedge funds own 24.37% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Hovde Group lowered Republic Bancorp from an "outperform" rating to a "market perform" rating and raised their price objective for the company from $78.00 to $80.00 in a research note on Wednesday, November 13th.

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.