Republic Bancorp (NASDAQ:RBCAA) Stock Price Crosses Above Two Hundred Day Moving Average of $54.01

Republic Bancorp, Inc. (NASDAQ:RBCAA)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $54.01 and traded as high as $62.66. Republic Bancorp shares last traded at $62.42, with a volume of 12,734 shares traded.

Republic Bancorp Price Performance

The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.09 and a current ratio of 1.09. The business has a 50 day moving average price of $60.82 and a 200-day moving average price of $54.13. The company has a market capitalization of $1.70 billion, a price-to-earnings ratio of 13.16 and a beta of 0.52.

Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings data on Friday, July 19th. The bank reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.03). Republic Bancorp had a net margin of 20.41% and a return on equity of 10.50%. The company had revenue of $116.05 million during the quarter.

Republic Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 20th will be given a dividend of $0.407 per share. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.60%. The ex-dividend date is Friday, September 20th. Republic Bancorp’s payout ratio is 34.03%.

Insider Activity at Republic Bancorp

In related news, EVP Pedro A. Bryant sold 2,500 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $65.61, for a total value of $164,025.00. Following the sale, the executive vice president now owns 1,425 shares in the company, valued at approximately $93,494.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Republic Bancorp news, EVP Pedro A. Bryant sold 2,500 shares of Republic Bancorp stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $65.61, for a total transaction of $164,025.00. Following the transaction, the executive vice president now directly owns 1,425 shares of the company’s stock, valued at approximately $93,494.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Kevin D. Sipes sold 10,074 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $65.07, for a total transaction of $655,515.18. Following the completion of the sale, the chief financial officer now owns 70,086 shares of the company’s stock, valued at approximately $4,560,496.02. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,828 shares of company stock valued at $1,155,090. 55.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Republic Bancorp

Hedge funds have recently made changes to their positions in the business. Innealta Capital LLC bought a new stake in Republic Bancorp in the second quarter worth about $67,000. Acadian Asset Management LLC purchased a new position in Republic Bancorp in the second quarter valued at approximately $87,000. Independence Bank of Kentucky grew its holdings in Republic Bancorp by 4,133.3% during the second quarter. Independence Bank of Kentucky now owns 3,175 shares of the bank’s stock valued at $170,000 after purchasing an additional 3,100 shares during the period. BNP Paribas Financial Markets increased its position in Republic Bancorp by 82.7% in the first quarter. BNP Paribas Financial Markets now owns 4,258 shares of the bank’s stock worth $217,000 after buying an additional 1,927 shares during the last quarter. Finally, RPS Advisory Solutions LLC bought a new stake in shares of Republic Bancorp in the second quarter valued at $226,000. 24.37% of the stock is currently owned by institutional investors.

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.