Republic Bancorp, Inc. (NASDAQ:RBCAA) announced its earnings results on Friday. The bank reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.05, MarketWatch Earnings reports. Republic Bancorp had a net margin of 19.33% and a return on equity of 8.14%. The firm had revenue of $58.68 million during the quarter.

Shares of Republic Bancorp (NASDAQ:RBCAA) traded up 3.49% on Friday, reaching $41.48. 60,009 shares of the company traded hands. The company has a market capitalization of $865.19 million, a PE ratio of 17.43 and a beta of 0.52. Republic Bancorp has a 52-week low of $30.00 and a 52-week high of $44.04. The firm has a 50-day moving average of $38.20 and a 200-day moving average of $35.91.

In related news, EVP Steven E. Deweese sold 1,000 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $34.50, for a total value of $34,500.00. Following the completion of the sale, the executive vice president now directly owns 42,230 shares of the company’s stock, valued at approximately $1,456,935. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Steven E. Deweese sold 1,115 shares of the stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $35.49, for a total value of $39,571.35. Following the completion of the sale, the executive vice president now directly owns 41,630 shares of the company’s stock, valued at $1,477,448.70. The disclosure for this sale can be found here. Corporate insiders own 52.30% of the company’s stock.

A number of institutional investors have recently made changes to their positions in RBCAA. Dimensional Fund Advisors LP lifted its stake in Republic Bancorp by 3.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 769,928 shares of the bank’s stock worth $27,487,000 after acquiring an additional 22,745 shares in the last quarter. Vanguard Group Inc. lifted its stake in Republic Bancorp by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 390,308 shares of the bank’s stock worth $13,423,000 after acquiring an additional 19,998 shares in the last quarter. Menta Capital LLC lifted its stake in Republic Bancorp by 106.5% in the 2nd quarter. Menta Capital LLC now owns 38,238 shares of the bank’s stock worth $1,365,000 after acquiring an additional 19,722 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Republic Bancorp by 23.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 72,979 shares of the bank’s stock worth $2,510,000 after acquiring an additional 13,805 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in Republic Bancorp by 10.7% in the 2nd quarter. Northern Trust Corp now owns 136,694 shares of the bank’s stock worth $4,880,000 after acquiring an additional 13,224 shares in the last quarter. 24.29% of the stock is owned by hedge funds and other institutional investors.

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Several research analysts recently weighed in on RBCAA shares. Zacks Investment Research raised shares of Republic Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub downgraded shares of Republic Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Finally, Hovde Group downgraded shares of Republic Bancorp from an “outperform” rating to a “market perform” rating and boosted their target price for the company from $39.00 to $41.00 in a research note on Wednesday, October 4th.

About Republic Bancorp

Republic Bancorp, Inc is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc (the Captive). The Bank is a Kentucky-based, state chartered non-member financial institution. The Captive is an insurance subsidiary of the Company. The Company operates through four segments: Traditional Banking, which provides traditional banking products to customers; Warehouse Lending (Warehouse), which provides short-term, revolving credit facilities to mortgage bankers across the United States through mortgage warehouse lines of credit; Mortgage Banking, which originates, sells and services long-term, single family, first lien residential real estate loans, and Republic Processing Group (RPG), which facilitates the receipt and payment of federal and state tax refund products.

Earnings History for Republic Bancorp (NASDAQ:RBCAA)

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