David P. Feaster Sells 1,406 Shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) Stock

Republic Bancorp, Inc. (NASDAQ:RBCAA) Director David P. Feaster sold 1,406 shares of the firm’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $66.42, for a total transaction of $93,386.52. Following the transaction, the director now directly owns 4,303 shares in the company, valued at approximately $285,805.26. The trade was a 24.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Republic Bancorp Trading Down 2.0 %

Republic Bancorp stock opened at $65.47 on Friday. The business has a 50 day moving average price of $71.61 and a two-hundred day moving average price of $67.39. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.38. Republic Bancorp, Inc. has a 12 month low of $46.55 and a 12 month high of $80.68. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 12.52 and a beta of 0.56.

Republic Bancorp (NASDAQ:RBCAA) last issued its earnings results on Friday, January 24th. The bank reported $0.98 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.22). Republic Bancorp had a return on equity of 10.60% and a net margin of 20.05%.

Republic Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be given a dividend of $0.451 per share. This is a positive change from Republic Bancorp’s previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Friday, March 21st. Republic Bancorp’s payout ratio is 31.17%.

Institutional Trading of Republic Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. New York State Teachers Retirement System boosted its holdings in Republic Bancorp by 659.0% during the fourth quarter. New York State Teachers Retirement System now owns 759 shares of the bank’s stock valued at $53,000 after purchasing an additional 659 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Republic Bancorp during the 3rd quarter worth approximately $205,000. SeaCrest Wealth Management LLC acquired a new stake in Republic Bancorp in the 3rd quarter valued at $208,000. The Manufacturers Life Insurance Company bought a new stake in Republic Bancorp in the third quarter valued at $224,000. Finally, Hohimer Wealth Management LLC bought a new position in shares of Republic Bancorp during the third quarter valued at $227,000. Institutional investors own 24.37% of the company’s stock.

Analyst Ratings Changes

Separately, Hovde Group lowered their target price on shares of Republic Bancorp from $72.00 to $70.00 and set a “market perform” rating on the stock in a research report on Monday.

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.