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

Republic Bancorp, Inc. (NASDAQ:RBCAA) Director Heather V. Howell sold 1,496 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $75.63, for a total value of $113,142.48. Following the sale, the director now owns 7,491 shares of the company’s stock, valued at $566,544.33. This represents a 16.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Republic Bancorp Stock Performance

Shares of NASDAQ RBCAA opened at $69.87 on Thursday. The company has a market cap of $1.36 billion, a P/E ratio of 13.28 and a beta of 0.54. Republic Bancorp, Inc. has a 52-week low of $46.55 and a 52-week high of $80.68. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.12. The firm’s fifty day moving average is $73.65 and its two-hundred day moving average is $65.24.

Republic Bancorp (NASDAQ:RBCAA) last issued its earnings results on Friday, October 18th. The bank reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.21 by $0.16. Republic Bancorp had a return on equity of 10.79% and a net margin of 20.65%. The firm had revenue of $118.36 million for the quarter.

Republic Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 20th will be given a dividend of $0.407 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.33%. Republic Bancorp’s dividend payout ratio is currently 30.80%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Acadian Asset Management LLC purchased a new stake in Republic Bancorp during the second quarter valued at approximately $87,000. SG Americas Securities LLC bought a new position in shares of Republic Bancorp during the 3rd quarter valued at approximately $205,000. SeaCrest Wealth Management LLC purchased a new stake in Republic Bancorp during the 3rd quarter valued at $208,000. The Manufacturers Life Insurance Company bought a new stake in Republic Bancorp in the third quarter worth $224,000. Finally, Hohimer Wealth Management LLC purchased a new position in Republic Bancorp during the third quarter worth $227,000. 24.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Hovde Group lowered shares of Republic Bancorp from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $78.00 to $80.00 in a report on Wednesday, November 13th.

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.