Key Points
- EVP Jeff Starke sold 137 shares on Dec. 11 at an average price of $73.31 for $10,043.47, trimming his stake by 2.32% to 5,773 shares valued at roughly $423,219, per the SEC filing.
- The company declared a quarterly dividend of $0.451 per share (ex‑dividend/record date Dec. 19), payable Jan. 16, which annualizes to $1.80 and implies a ~2.4% yield with a 27.6% payout ratio.
- Republic Bancorp recently beat estimates with $1.52 EPS versus $1.38 expected and $93.54M revenue, and trades at a market cap of ~$1.45B with a PE of 11.38.
Republic Bancorp, Inc. (NASDAQ:RBCAA - Get Free Report) EVP Jeff Starke sold 137 shares of the business's stock in a transaction on Thursday, December 11th. The stock was sold at an average price of $73.31, for a total value of $10,043.47. Following the completion of the sale, the executive vice president directly owned 5,773 shares in the company, valued at $423,218.63. This trade represents a 2.32% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.
Republic Bancorp Price Performance
Shares of NASDAQ:RBCAA opened at $74.29 on Tuesday. The business has a fifty day moving average price of $68.59 and a 200-day moving average price of $71.36. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.06 and a quick ratio of 1.05. The company has a market capitalization of $1.45 billion, a PE ratio of 11.38 and a beta of 0.60. Republic Bancorp, Inc. has a 1-year low of $56.79 and a 1-year high of $78.25.
Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last announced its quarterly earnings data on Friday, October 17th. The bank reported $1.52 EPS for the quarter, beating the consensus estimate of $1.38 by $0.14. The company had revenue of $93.54 million for the quarter, compared to the consensus estimate of $92.50 million. Republic Bancorp had a net margin of 24.53% and a return on equity of 12.23%.
Republic Bancorp Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, December 19th will be issued a dividend of $0.451 per share. The ex-dividend date is Friday, December 19th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. Republic Bancorp's dividend payout ratio is presently 27.57%.
Institutional Trading of Republic Bancorp
A number of institutional investors have recently made changes to their positions in the stock. Quarry LP purchased a new position in shares of Republic Bancorp during the third quarter valued at approximately $27,000. CWM LLC raised its stake in Republic Bancorp by 68.0% during the 2nd quarter. CWM LLC now owns 608 shares of the bank's stock valued at $44,000 after buying an additional 246 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Republic Bancorp during the 3rd quarter valued at $50,000. US Bancorp DE lifted its holdings in shares of Republic Bancorp by 294.7% during the 1st quarter. US Bancorp DE now owns 750 shares of the bank's stock valued at $48,000 after buying an additional 560 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in shares of Republic Bancorp by 2,561.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 825 shares of the bank's stock worth $60,000 after buying an additional 794 shares during the last quarter. Hedge funds and other institutional investors own 24.37% of the company's stock.
Analysts Set New Price Targets
Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Republic Bancorp in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $69.00.
Check Out Our Latest Research Report on Republic Bancorp
Republic Bancorp Company Profile
(
Get Free Report)
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.
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