Juan Montano Sells 2,750 Shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) Stock

Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Juan Montano sold 2,750 shares of the firm’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $63.37, for a total value of $174,267.50. Following the transaction, the executive vice president now owns 8,558 shares in the company, valued at approximately $542,320.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Republic Bancorp Trading Up 1.4 %

RBCAA traded up $0.87 during midday trading on Thursday, reaching $64.76. 3,318 shares of the company were exchanged, compared to its average volume of 17,420. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.09 and a current ratio of 1.09. Republic Bancorp, Inc. has a one year low of $42.42 and a one year high of $69.00. The stock has a market capitalization of $1.76 billion, a P/E ratio of 13.42 and a beta of 0.54. The stock’s 50-day simple moving average is $58.34 and its 200 day simple moving average is $53.20.

Republic Bancorp (NASDAQ:RBCAA) last issued its earnings results on Friday, July 19th. The bank reported $1.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). Republic Bancorp had a return on equity of 10.50% and a net margin of 20.41%. The company had revenue of $116.05 million for the quarter.

Republic Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.407 per share. This represents a $1.63 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Friday, September 20th. Republic Bancorp’s dividend payout ratio (DPR) is currently 34.03%.

Hedge Funds Weigh In On Republic Bancorp

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RBCAA. Renaissance Technologies LLC raised its position in shares of Republic Bancorp by 5.5% during the second quarter. Renaissance Technologies LLC now owns 40,200 shares of the bank’s stock worth $2,155,000 after purchasing an additional 2,100 shares during the period. Dimensional Fund Advisors LP raised its position in Republic Bancorp by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 952,102 shares of the bank’s stock valued at $51,040,000 after buying an additional 8,382 shares during the last quarter. Inspire Advisors LLC acquired a new stake in Republic Bancorp in the 2nd quarter valued at approximately $1,546,000. American Century Companies Inc. raised its position in Republic Bancorp by 17.0% in the 2nd quarter. American Century Companies Inc. now owns 146,090 shares of the bank’s stock valued at $7,832,000 after buying an additional 21,261 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Republic Bancorp in the 2nd quarter valued at approximately $87,000. Institutional investors own 24.37% of the company’s stock.

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.