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 the stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $65.99, for a total value of $203,381.18. Following the sale, the executive vice president now owns 23,105 shares of the company’s stock, valued at $1,524,698.95. This represents a 11.77 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Republic Bancorp Trading Down 0.0 %

Shares of Republic Bancorp stock opened at $65.45 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.38. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 12.51 and a beta of 0.56. Republic Bancorp, Inc. has a twelve month low of $46.55 and a twelve month high of $80.68. The business has a 50-day moving average price of $71.39 and a 200-day moving average price of $67.37.

Republic Bancorp (NASDAQ:RBCAA) last issued its quarterly earnings data on Friday, January 24th. The bank reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be paid a $0.451 dividend. This is a boost from Republic Bancorp’s previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Friday, March 21st. Republic Bancorp’s dividend payout ratio (DPR) is presently 31.17%.

Institutional Trading of Republic Bancorp

A number of large investors have recently made changes to their positions in the business. New York State Teachers Retirement System lifted its stake in Republic Bancorp by 659.0% in the fourth quarter. New York State Teachers Retirement System now owns 759 shares of the bank’s stock worth $53,000 after purchasing an additional 659 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Republic Bancorp in the 3rd quarter valued at about $205,000. SeaCrest Wealth Management LLC bought a new position in Republic Bancorp in the 3rd quarter worth about $208,000. The Manufacturers Life Insurance Company purchased a new position in shares of Republic Bancorp during the third quarter worth approximately $224,000. Finally, Hohimer Wealth Management LLC purchased a new stake in shares of Republic Bancorp in the third quarter valued at approximately $227,000. 24.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Hovde Group dropped their price target on Republic Bancorp from $72.00 to $70.00 and set a “market perform” rating for the company in a research note on Monday, January 27th.

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.