Scott Trager Acquires 148 Shares of Republic Bancorp (NASDAQ:RBCAA) Stock

Republic Bancorp, Inc. (NASDAQ:RBCAA) Vice Chairman Scott Trager purchased 148 shares of the company’s stock in a transaction dated Thursday, February 26th. The stock was bought at an average price of $71.13 per share, with a total value of $10,527.24. Following the completion of the transaction, the insider directly owned 57,684 shares of the company’s stock, valued at approximately $4,103,062.92. This represents a 0.26% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Republic Bancorp Trading Up 1.5%

NASDAQ RBCAA traded up $1.02 on Monday, reaching $70.02. 31,677 shares of the company were exchanged, compared to its average volume of 37,948. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.35. The business’s fifty day moving average price is $71.24 and its 200 day moving average price is $71.30. The stock has a market capitalization of $1.37 billion, a P/E ratio of 10.42 and a beta of 0.59. Republic Bancorp, Inc. has a fifty-two week low of $56.79 and a fifty-two week high of $78.25.

Republic Bancorp (NASDAQ:RBCAA) last announced its quarterly earnings results on Friday, January 30th. The bank reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.13). The firm had revenue of $94.27 million for the quarter, compared to analyst estimates of $92.50 million. Republic Bancorp had a net margin of 25.19% and a return on equity of 12.39%.

Republic Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Shareholders of record on Friday, March 20th will be given a $0.495 dividend. This is an increase from Republic Bancorp’s previous quarterly dividend of $0.45. This represents a $1.98 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, March 20th. Republic Bancorp’s dividend payout ratio (DPR) is presently 26.79%.

Analysts Set New Price Targets

RBCAA has been the subject of a number of recent analyst reports. Wall Street Zen raised Republic Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings reissued a “buy (b)” rating on shares of Republic Bancorp in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $69.00.

Institutional Trading of Republic Bancorp

Large investors have recently modified their holdings of the stock. American Century Companies Inc. grew its stake in Republic Bancorp by 11.0% during the 3rd quarter. American Century Companies Inc. now owns 265,298 shares of the bank’s stock worth $19,168,000 after purchasing an additional 26,319 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Republic Bancorp by 9.0% in the 2nd quarter. Geode Capital Management LLC now owns 234,101 shares of the bank’s stock valued at $17,118,000 after buying an additional 19,271 shares during the period. State Street Corp boosted its stake in shares of Republic Bancorp by 1.0% in the 4th quarter. State Street Corp now owns 218,872 shares of the bank’s stock valued at $15,195,000 after buying an additional 2,208 shares during the period. Bridgeway Capital Management LLC grew its position in shares of Republic Bancorp by 5.3% during the fourth quarter. Bridgeway Capital Management LLC now owns 123,097 shares of the bank’s stock worth $8,492,000 after buying an additional 6,189 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Republic Bancorp by 651.0% during the second quarter. First Trust Advisors LP now owns 78,077 shares of the bank’s stock worth $5,708,000 after buying an additional 67,681 shares during the period. Hedge funds and other institutional investors own 24.37% of the company’s stock.

About Republic Bancorp

Republic Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, that operates through its principal subsidiary, Republic Bank & Trust Company. The company provides a full suite of commercial and retail banking services tailored to individuals, small businesses and middle‐market clients. Core offerings include deposit accounts, consumer and commercial lending, treasury and cash-management services, mortgage financing, SBA lending and wealth management solutions. Republic Bancorp also supports specialized financing needs through equipment leasing and small business advisory services.

Republic Bancorp’s branch network spans key markets in the U.S.