Republic Bancorp, Inc. (NASDAQ:RBCAA – Get Free Report) declared a quarterly dividend on Wednesday, July 15th. Shareholders of record on Friday, September 18th will be paid a dividend of 0.495 per share by the bank on Friday, October 16th. This represents a c) dividend on an annualized basis and a yield of 2.1%. The ex-dividend date of this dividend is Friday, September 18th.
Republic Bancorp has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 27 years. Republic Bancorp has a dividend payout ratio of 33.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Republic Bancorp to earn $6.62 per share next year, which means the company should continue to be able to cover its $1.98 annual dividend with an expected future payout ratio of 29.9%.
Republic Bancorp Stock Performance
RBCAA opened at $92.32 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.32. The firm’s 50-day moving average price is $84.39 and its 200 day moving average price is $76.07. The firm has a market capitalization of $1.81 billion, a PE ratio of 14.25 and a beta of 0.56. Republic Bancorp has a twelve month low of $63.97 and a twelve month high of $93.54.
Insider Buying and Selling at Republic Bancorp
In other Republic Bancorp news, EVP Anthony T. Powell sold 3,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $83.54, for a total transaction of $250,620.00. Following the sale, the executive vice president owned 24,691 shares in the company, valued at $2,062,686.14. This represents a 10.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Christy Ames sold 340 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $87.90, for a total value of $29,886.00. Following the transaction, the executive vice president directly owned 6,145 shares of the company’s stock, valued at approximately $540,145.50. This represents a 5.24% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 55.90% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in RBCAA. Vestor Capital LLC raised its holdings in shares of 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 in the last quarter. Bank of America Corp DE grew its stake in shares of Republic Bancorp by 29.9% during the first quarter. Bank of America Corp DE now owns 16,035 shares of the bank’s stock worth $1,131,000 after purchasing an additional 3,687 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Republic Bancorp by 46.2% during the first quarter. Royal Bank of Canada now owns 3,401 shares of the bank’s stock worth $239,000 after purchasing an additional 1,074 shares in the last quarter. Empowered Funds LLC increased its holdings in Republic Bancorp by 6.1% in the first quarter. Empowered Funds LLC now owns 78,246 shares of the bank’s stock valued at $5,520,000 after buying an additional 4,511 shares during the last quarter. Finally, Quantinno Capital Management LP increased its holdings in Republic Bancorp by 44.3% in the first quarter. Quantinno Capital Management LP now owns 13,579 shares of the bank’s stock valued at $958,000 after buying an additional 4,167 shares during the last quarter. Institutional investors and hedge funds 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.
See Also
- Five stocks we like better than Republic Bancorp
- Why Abbott Laboratories Stock Is Suddenly Winning Back Wall Street
- Revving Up Returns: Big Banks Race Through the Rate Plateau
- Why Uber’s Biggest Deal Yet Could Unlock Its Next Growth Phase
- Why Microsoft Is Playing a Different AI Game Than Big Tech—and Cash Flow Is the Test
Receive News & Ratings for Republic Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Bancorp and related companies with MarketBeat.com's FREE daily email newsletter.
