Republic Bancorp, Inc. (NASDAQ:RBCAA - Get Free Report) EVP Steven E. Deweese sold 250 shares of the business's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $62.50, for a total transaction of $15,625.00. Following the sale, the executive vice president now directly owns 31,414 shares of the company's stock, valued at approximately $1,963,375. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Republic Bancorp Stock Performance
Shares of RBCAA stock opened at $65.30 on Tuesday. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.39. The business has a 50 day moving average of $61.35 and a two-hundred day moving average of $54.43. The company has a market cap of $1.27 billion, a P/E ratio of 13.72 and a beta of 0.52. Republic Bancorp, Inc. has a 52 week low of $42.42 and a 52 week high of $69.00.
Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last released its quarterly earnings data on Friday, July 19th. The bank reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.33 by ($0.03). Republic Bancorp had a net margin of 20.41% and a return on equity of 10.50%. The company had revenue of $116.05 million for the quarter.
Republic Bancorp Announces Dividend
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 20th will be issued a $0.407 dividend. The ex-dividend date of this dividend 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 presently 34.24%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of RBCAA. Inspire Investing LLC grew its stake in shares of Republic Bancorp by 3.6% in the first quarter. Inspire Investing LLC now owns 7,076 shares of the bank's stock worth $361,000 after purchasing an additional 245 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Republic Bancorp by 9.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,405 shares of the bank's stock valued at $378,000 after buying an additional 624 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Republic Bancorp by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 97,399 shares of the bank's stock valued at $5,373,000 after buying an additional 704 shares during the period. Bank of New York Mellon Corp raised its position in shares of Republic Bancorp by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 76,927 shares of the bank's stock worth $4,124,000 after buying an additional 1,226 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Republic Bancorp in the 2nd quarter worth approximately $67,000. 24.37% of the stock is owned by institutional investors and hedge funds.
Republic Bancorp Company Profile
(
Get Free Report)
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.
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