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

Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP John T. Rippy sold 3,082 shares of the business’s stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $65.99, for a total value of $203,381.18. Following the completion of the sale, the executive vice president now owns 23,105 shares in the company, valued at approximately $1,524,698.95. This trade 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 available at this link.

Republic Bancorp Stock Performance

Shares of Republic Bancorp stock traded down $0.02 on Friday, hitting $65.45. The stock had a trading volume of 30,372 shares, compared to its average volume of 23,578. 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, Inc. has a twelve month low of $46.55 and a twelve month high of $80.68. 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 business’s 50 day moving average is $71.39 and its two-hundred day moving average is $67.37.

Republic Bancorp (NASDAQ:RBCAA) last issued 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 net margin of 20.05% and a return on equity of 10.60%.

Republic Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be issued a $0.451 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date of this dividend is Friday, March 21st. This is an increase from Republic Bancorp’s previous quarterly dividend of $0.41. Republic Bancorp’s dividend payout ratio (DPR) is currently 31.17%.

Analysts Set New Price Targets

Separately, Hovde Group dropped 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.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in Republic Bancorp by 4.5% during the 3rd quarter. Geode Capital Management LLC now owns 219,628 shares of the bank’s stock worth $14,345,000 after acquiring an additional 9,430 shares during the period. State Street Corp grew its stake in shares of Republic Bancorp by 2.2% in the 3rd quarter. State Street Corp now owns 210,298 shares of the bank’s stock valued at $13,816,000 after buying an additional 4,429 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Republic Bancorp by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 100,794 shares of the bank’s stock valued at $6,582,000 after buying an additional 2,098 shares during the period. Empowered Funds LLC grew its stake in shares of Republic Bancorp by 5.0% in the 4th quarter. Empowered Funds LLC now owns 64,930 shares of the bank’s stock valued at $4,537,000 after buying an additional 3,105 shares during the period. Finally, Renaissance Technologies LLC grew its stake in shares of Republic Bancorp by 5.5% in the 2nd quarter. Renaissance Technologies LLC now owns 40,200 shares of the bank’s stock valued at $2,155,000 after buying an additional 2,100 shares during the period. 24.37% of the stock is currently owned by institutional investors.

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.