Republic Bancorp, Inc. (NASDAQ:RBCAA – Get Free Report) EVP Christy Ames sold 340 shares of Republic Bancorp stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $87.90, for a total value of $29,886.00. Following the completion of the transaction, the executive vice president directly owned 6,145 shares in the company, valued at approximately $540,145.50. This represents a 5.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Republic Bancorp Price Performance
Shares of NASDAQ:RBCAA opened at $87.66 on Friday. Republic Bancorp, Inc. has a 1-year low of $63.97 and a 1-year high of $88.78. The firm has a market capitalization of $1.72 billion, a PE ratio of 13.53 and a beta of 0.58. The business’s 50 day moving average is $77.61 and its 200-day moving average is $73.07. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.32.
Republic Bancorp (NASDAQ:RBCAA – Get Free Report) last announced its quarterly earnings data on Thursday, April 23rd. The bank reported $2.04 earnings per share for the quarter, topping the consensus estimate of $1.41 by $0.63. Republic Bancorp had a return on equity of 11.32% and a net margin of 25.22%.The company had revenue of $114.57 million for the quarter, compared to analyst estimates of $96.60 million.
Republic Bancorp Dividend Announcement
Analyst Ratings Changes
RBCAA has been the topic of several recent research reports. Wall Street Zen raised Republic Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Republic Bancorp in a research note on Tuesday. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.
Check Out Our Latest Stock Report on Republic Bancorp
Hedge Funds Weigh In On Republic Bancorp
Several institutional investors have recently bought and sold shares of the business. Vestor Capital LLC raised its position in Republic Bancorp by 164.4% in the 1st quarter. Vestor Capital LLC now owns 5,594 shares of the bank’s stock valued at $395,000 after purchasing an additional 3,478 shares during the last quarter. Bank of America Corp DE raised its position in Republic Bancorp by 29.9% in the 1st quarter. Bank of America Corp DE now owns 16,035 shares of the bank’s stock valued at $1,131,000 after purchasing an additional 3,687 shares during the last quarter. Royal Bank of Canada raised its position in Republic Bancorp by 46.2% in the 1st quarter. Royal Bank of Canada now owns 3,401 shares of the bank’s stock valued at $239,000 after purchasing an additional 1,074 shares during the last quarter. Empowered Funds LLC raised its position in Republic Bancorp by 6.1% in the 1st quarter. Empowered Funds LLC now owns 78,246 shares of the bank’s stock valued at $5,520,000 after purchasing an additional 4,511 shares during the last quarter. Finally, Quantinno Capital Management LP raised its position in shares of Republic Bancorp by 44.3% during the first quarter. Quantinno Capital Management LP now owns 13,579 shares of the bank’s stock worth $958,000 after acquiring an additional 4,167 shares during the last quarter. Institutional investors own 24.37% of the company’s stock.
Republic Bancorp Company Profile
Republic Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, that operates through its principal subsidiary, Republic Bank & Trust Company. The company provides a full suite of commercial and retail banking services tailored to individuals, small businesses and middle‐market clients. Core offerings include deposit accounts, consumer and commercial lending, treasury and cash-management services, mortgage financing, SBA lending and wealth management solutions. Republic Bancorp also supports specialized financing needs through equipment leasing and small business advisory services.
Republic Bancorp’s branch network spans key markets in the U.S.
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