Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP John T. Rippy Sells 3,082 Shares

Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP John T. Rippy sold 3,082 shares of Republic Bancorp stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $65.99, for a total transaction of $203,381.18. Following the transaction, the executive vice president now directly owns 23,105 shares in the company, valued at approximately $1,524,698.95. This represents a 11.77 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Republic Bancorp Price Performance

NASDAQ RBCAA opened at $65.45 on Monday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.12. Republic Bancorp, Inc. has a 52-week low of $46.55 and a 52-week high of $80.68. The business has a 50 day simple moving average of $71.15 and a 200 day simple moving average of $67.46. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 12.51 and a beta of 0.56.

Republic Bancorp (NASDAQ:RBCAA) last announced its earnings results 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 company also recently declared 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 is Friday, March 21st. This represents a $1.80 dividend on an annualized basis and a yield of 2.76%. This is an increase from Republic Bancorp’s previous quarterly dividend of $0.41. Republic Bancorp’s dividend payout ratio is 31.17%.

Institutional Trading of Republic Bancorp

A number of institutional investors have recently made changes to their positions in RBCAA. New York State Teachers Retirement System raised its holdings in shares of Republic Bancorp by 659.0% in the 4th quarter. New York State Teachers Retirement System now owns 759 shares of the bank’s stock valued at $53,000 after purchasing an additional 659 shares during the period. SG Americas Securities LLC bought a new stake in Republic Bancorp in the third quarter valued at approximately $205,000. SeaCrest Wealth Management LLC bought a new stake in Republic Bancorp in the third quarter valued at approximately $208,000. The Manufacturers Life Insurance Company bought a new position in shares of Republic Bancorp during the 3rd quarter worth approximately $224,000. Finally, Hohimer Wealth Management LLC acquired a new position in shares of Republic Bancorp during the 3rd quarter worth approximately $227,000. Institutional investors own 24.37% of the company’s stock.

Analyst Ratings Changes

Separately, Hovde Group reduced their target price on Republic Bancorp from $72.00 to $70.00 and set a “market perform” rating on the stock in a report on Monday, January 27th.

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.