Republic Bancorp, Inc. (NASDAQ:RBCAA) Director David P. Feaster Sells 1,406 Shares

Republic Bancorp, Inc. (NASDAQ:RBCAA) Director David P. Feaster sold 1,406 shares of Republic Bancorp stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $66.42, for a total transaction of $93,386.52. Following the completion of the sale, the director now owns 4,303 shares in the company, valued at approximately $285,805.26. This represents a 24.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Republic Bancorp Stock Performance

Shares of RBCAA opened at $65.47 on Friday. The firm has a 50-day moving average price of $71.61 and a 200 day moving average price of $67.39. The firm has a market capitalization of $1.27 billion, a PE ratio of 12.52 and a beta of 0.56. Republic Bancorp, Inc. has a 52-week low of $46.55 and a 52-week 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.

Republic Bancorp (NASDAQ:RBCAA) last released 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 announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be issued a dividend of $0.451 per share. This is a positive change from Republic Bancorp’s previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Friday, March 21st. Republic Bancorp’s payout ratio is presently 31.17%.

Institutional Investors Weigh In On Republic Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the business. New York State Teachers Retirement System lifted its position in shares of Republic Bancorp by 659.0% during the 4th quarter. New York State Teachers Retirement System now owns 759 shares of the bank’s stock valued at $53,000 after acquiring an additional 659 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Republic Bancorp during the third quarter valued at $205,000. SeaCrest Wealth Management LLC acquired a new position in shares of Republic Bancorp in the 3rd quarter valued at $208,000. The Manufacturers Life Insurance Company purchased a new position in Republic Bancorp in the 3rd quarter worth about $224,000. Finally, Hohimer Wealth Management LLC acquired a new stake in Republic Bancorp during the 3rd quarter worth about $227,000. 24.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Hovde Group cut their target price on Republic Bancorp from $72.00 to $70.00 and set a “market perform” rating on the stock in a research note on Monday.

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.