Republic Bancorp, Inc. KY (RBCAA) EVP Sells $12,750.00 in Stock

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) EVP Steven E. Deweese sold 300 shares of the stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $42.50, for a total transaction of $12,750.00. Following the transaction, the executive vice president now owns 30,103 shares in the company, valued at approximately $1,279,377.50. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Shares of NASDAQ:RBCAA traded up $0.33 on Wednesday, reaching $43.30. 3,008 shares of the company’s stock were exchanged, compared to its average volume of 19,945. Republic Bancorp, Inc. KY has a twelve month low of $35.17 and a twelve month high of $50.70. The firm has a market cap of $900.92 million, a PE ratio of 12.30 and a beta of 0.53. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.12.

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last announced its earnings results on Friday, January 25th. The bank reported $0.83 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.18. Republic Bancorp, Inc. KY had a net margin of 24.34% and a return on equity of 10.82%. The firm had revenue of $64.40 million for the quarter.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Friday, March 15th will be given a dividend of $0.264 per share. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from Republic Bancorp, Inc. KY’s previous quarterly dividend of $0.24.

A number of brokerages have issued reports on RBCAA. BidaskClub lowered shares of Republic Bancorp, Inc. KY from a “hold” rating to a “sell” rating in a research report on Saturday, January 19th. Hovde Group restated a “market perform” rating and set a $41.00 target price on shares of Republic Bancorp, Inc. KY in a research report on Tuesday, January 29th.

Large investors have recently made changes to their positions in the business. Acadian Asset Management LLC boosted its position in shares of Republic Bancorp, Inc. KY by 283.0% during the 3rd quarter. Acadian Asset Management LLC now owns 2,206 shares of the bank’s stock worth $102,000 after acquiring an additional 1,630 shares in the last quarter. Ramsey Quantitative Systems boosted its position in shares of Republic Bancorp, Inc. KY by 69.7% during the 3rd quarter. Ramsey Quantitative Systems now owns 2,906 shares of the bank’s stock worth $134,000 after acquiring an additional 1,194 shares in the last quarter. Citigroup Inc. boosted its position in shares of Republic Bancorp, Inc. KY by 17.3% during the 4th quarter. Citigroup Inc. now owns 3,105 shares of the bank’s stock worth $120,000 after acquiring an additional 458 shares in the last quarter. Legal & General Group Plc boosted its position in shares of Republic Bancorp, Inc. KY by 145.9% during the 3rd quarter. Legal & General Group Plc now owns 3,371 shares of the bank’s stock worth $155,000 after acquiring an additional 2,000 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Republic Bancorp, Inc. KY by 83.5% during the 3rd quarter. SG Americas Securities LLC now owns 4,841 shares of the bank’s stock worth $223,000 after acquiring an additional 2,203 shares in the last quarter. Hedge funds and other institutional investors own 25.51% of the company’s stock.

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About Republic Bancorp, Inc. KY

Republic Bancorp, Inc, a financial holding company, provides banking products and services in the United States. It operates in five segments: Traditional Banking, Warehouse Lending, Mortgage Banking, Tax Refund Solutions, and Republic Credit Solutions. The company accepts demand, savings, time, and brokered and other certificates of deposits; and money market and individual retirement accounts.

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