Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Steven E. Deweese sold 7,000 shares of the business’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $41.00, for a total transaction of $287,000.00. Following the completion of the sale, the executive vice president now directly owns 34,115 shares of the company’s stock, valued at $1,398,715. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Republic Bancorp, Inc. (RBCAA) opened at 40.83 on Friday. The firm has a 50-day moving average of $38.53 and a 200 day moving average of $36.09. The company has a market capitalization of $851.63 million, a P/E ratio of 17.16 and a beta of 0.52. Republic Bancorp, Inc. has a 1-year low of $30.05 and a 1-year high of $44.04.
Republic Bancorp (NASDAQ:RBCAA) last released its earnings results on Friday, October 20th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.05. The firm had revenue of $58.68 million during the quarter. Republic Bancorp had a net margin of 19.02% and a return on equity of 8.23%. On average, analysts anticipate that Republic Bancorp, Inc. will post $2.39 EPS for the current year.
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Several analysts have weighed in on RBCAA shares. Zacks Investment Research downgraded shares of Republic Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Hovde Group downgraded shares of Republic Bancorp from an “outperform” rating to a “market perform” rating and boosted their price target for the stock from $39.00 to $41.00 in a research note on Wednesday, October 4th. Finally, BidaskClub downgraded shares of Republic Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th.
Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in shares of Republic Bancorp in the 2nd quarter worth about $165,000. American International Group Inc. lifted its holdings in shares of Republic Bancorp by 7.1% in the 1st quarter. American International Group Inc. now owns 5,947 shares of the bank’s stock worth $205,000 after acquiring an additional 392 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Republic Bancorp by 6.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,936 shares of the bank’s stock worth $283,000 after acquiring an additional 449 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Republic Bancorp by 24.3% in the 2nd quarter. Wells Fargo & Company MN now owns 9,785 shares of the bank’s stock worth $350,000 after acquiring an additional 1,911 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of Republic Bancorp by 24.2% in the 2nd quarter. New York State Common Retirement Fund now owns 11,300 shares of the bank’s stock worth $403,000 after acquiring an additional 2,199 shares during the last quarter. Hedge funds and other institutional investors own 24.29% of the company’s stock.
Republic Bancorp Company Profile
Republic Bancorp, Inc is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc (the Captive). The Bank is a Kentucky-based, state chartered non-member financial institution. The Captive is an insurance subsidiary of the Company. The Company operates through four segments: Traditional Banking, which provides traditional banking products to customers; Warehouse Lending (Warehouse), which provides short-term, revolving credit facilities to mortgage bankers across the United States through mortgage warehouse lines of credit; Mortgage Banking, which originates, sells and services long-term, single family, first lien residential real estate loans, and Republic Processing Group (RPG), which facilitates the receipt and payment of federal and state tax refund products.
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