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 sale, the director now owns 7,491 shares in the company, valued at approximately $566,544.33. The trade was a 16.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Republic Bancorp Trading Down 0.4 %
Republic Bancorp stock opened at $69.87 on Wednesday. Republic Bancorp, Inc. has a one year low of $46.55 and a one year high of $80.68. The business's fifty day moving average is $73.61 and its 200 day moving average is $65.21. The stock has a market capitalization of $1.36 billion, a PE ratio of 13.28 and a beta of 0.54. 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 announced its quarterly earnings results 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 net margin of 20.65% and a return on equity of 10.79%. The firm had revenue of $118.36 million for the quarter.
Republic Bancorp Dividend Announcement
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The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 20th will be paid a dividend of $0.407 per share. The ex-dividend date is Friday, December 20th. This represents a $1.63 dividend on an annualized basis and a yield of 2.33%. Republic Bancorp's dividend payout ratio is presently 30.80%.
Wall Street Analysts Forecast Growth
Separately, Hovde Group downgraded Republic Bancorp from an "outperform" rating to a "market perform" rating and increased their target price for the company from $78.00 to $80.00 in a research note on Wednesday, November 13th.
View Our Latest Stock Report on RBCAA
Hedge Funds Weigh In On Republic Bancorp
Several hedge funds and other institutional investors have recently modified their holdings of the company. Geode Capital Management LLC lifted its stake in shares of Republic Bancorp by 4.5% in the 3rd 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. Inspire Advisors LLC bought a new position in Republic Bancorp in the second quarter worth approximately $1,546,000. Los Angeles Capital Management LLC boosted its stake in shares of Republic Bancorp by 50.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 31,822 shares of the bank's stock worth $2,078,000 after acquiring an additional 10,617 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Republic Bancorp by 17.0% during the 2nd quarter. American Century Companies Inc. now owns 146,090 shares of the bank's stock worth $7,832,000 after acquiring an additional 21,261 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of Republic Bancorp during the 3rd quarter valued at $224,000. 24.37% of the stock is owned by institutional investors.
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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