Christy Ames Sells 1,715 Shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) Stock

Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Christy Ames sold 1,715 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $63.72, for a total transaction of $109,279.80. Following the transaction, the executive vice president now directly owns 4,240 shares of the company’s stock, valued at $270,172.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Republic Bancorp Stock Performance

Shares of RBCAA stock opened at $61.81 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39. The stock has a 50 day simple moving average of $59.92 and a 200-day simple moving average of $53.71. The company has a market cap of $1.68 billion, a price-to-earnings ratio of 12.99 and a beta of 0.52. Republic Bancorp, Inc. has a 12-month low of $42.42 and a 12-month high of $69.00.

Republic Bancorp (NASDAQ:RBCAA) last released its earnings results on Friday, July 19th. The bank reported $1.30 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 business had revenue of $116.05 million during the quarter.

Republic Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 20th will be issued a $0.407 dividend. The ex-dividend date is Friday, September 20th. This represents a $1.63 dividend on an annualized basis and a yield of 2.63%. Republic Bancorp’s dividend payout ratio (DPR) is presently 34.03%.

Institutional Investors Weigh In On Republic Bancorp

Hedge funds and other institutional investors have recently modified their holdings of the stock. Los Angeles Capital Management LLC acquired a new position in Republic Bancorp during the fourth quarter worth $547,000. Charles Schwab Investment Management Inc. raised its position in shares of Republic Bancorp by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 97,399 shares of the bank’s stock worth $5,373,000 after purchasing an additional 704 shares during the last quarter. Barlow Wealth Partners Inc. acquired a new stake in Republic Bancorp during the 4th quarter valued at $298,000. Cary Street Partners Investment Advisory LLC increased its position in Republic Bancorp by 0.6% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 44,226 shares of the bank’s stock worth $2,440,000 after buying an additional 250 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Republic Bancorp by 1.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 927,375 shares of the bank’s stock worth $51,155,000 after acquiring an additional 15,040 shares during the last quarter. 24.37% of the stock is currently owned by institutional investors and hedge funds.

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.