Republic Bancorp (NASDAQ:RBCAA) EVP Sells $75,768.00 in Stock

Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Jeff Starke sold 820 shares of the business’s stock in a transaction on Thursday, October 29th. The shares were sold at an average price of $92.40, for a total value of $75,768.00. Following the completion of the sale, the executive vice president owned 7,837 shares in the company, valued at $724,138.80. This represents a 9.47% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Republic Bancorp Price Performance

RBCAA opened at $90.30 on Friday. The stock’s 50-day moving average price is $93.47 and its 200 day moving average price is $83.28. Republic Bancorp, Inc. has a 12-month low of $63.97 and a 12-month high of $102.22. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.14. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 13.64 and a beta of 0.55.

Republic Bancorp (NASDAQ:RBCAA) last announced its earnings results on Friday, October 23rd. The bank reported $1.59 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.06). The firm had revenue of $103.93 million for the quarter, compared to analysts’ expectations of $100.35 million. Republic Bancorp had a net margin of 25.33% and a return on equity of 11.20%. As a group, sell-side analysts expect that Republic Bancorp, Inc. will post 6.98 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Hovde Group raised their price objective on shares of Republic Bancorp from $80.00 to $98.00 and gave the company a “market perform” rating in a research note on Monday, July 27th. Zacks Research raised shares of Republic Bancorp to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings upgraded shares of Republic Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, October 16th. Finally, Raymond James Financial started coverage on shares of Republic Bancorp in a report on Wednesday, September 2nd. They set a “hold” rating on the stock. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $98.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of RBCAA. Y Intercept Hong Kong Ltd purchased a new position in shares of Republic Bancorp in the 1st quarter valued at about $956,000. Fifth Third Bancorp purchased a new stake in shares of Republic Bancorp during the first quarter worth approximately $384,000. Dimensional Fund Advisors LP increased its stake in shares of Republic Bancorp by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 928,367 shares of the bank’s stock worth $65,496,000 after buying an additional 5,656 shares during the period. Renaissance Technologies LLC increased its stake in shares of Republic Bancorp by 27.2% during the first quarter. Renaissance Technologies LLC now owns 46,300 shares of the bank’s stock worth $3,266,000 after buying an additional 9,900 shares during the period. Finally, Royal Bank of Canada raised its holdings in Republic Bancorp by 46.2% in the first quarter. Royal Bank of Canada now owns 3,401 shares of the bank’s stock valued at $239,000 after acquiring an additional 1,074 shares in the last quarter. 24.37% of the stock is owned by institutional investors and hedge funds.

About Republic Bancorp

Republic Bancorp, Inc is a Louisville, Kentucky-based bank holding company whose principal subsidiary is Republic Bank & Trust Company. The company provides consumer and commercial banking services to individuals, businesses, professionals and institutions.

Republic Bank offers deposit accounts, checking and savings products, consumer and commercial loans, mortgages, treasury management, private banking, wealth management and investment services. Through its Republic Processing Group, the company also provides financial services and processing solutions for tax professionals, including tax refund-related products and services.

Founded in 1974, Republic Bancorp serves customers through banking operations primarily in Kentucky and selected markets in the surrounding region, including Indiana, Ohio, Tennessee and Florida.