Steven E. Deweese Sells 7,000 Shares of Republic Bancorp, Inc. (RBCAA) Stock
Republic Bancorp, Inc. (NASDAQ:RBCAA) EVP Steven E. Deweese sold 7,000 shares of the company’s stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $41.00, for a total value of $287,000.00. Following the completion of the transaction, the executive vice president now owns 34,115 shares of the company’s stock, valued at $1,398,715. The transaction was disclosed in a filing with the SEC, which is available at this link.
Republic Bancorp, Inc. (NASDAQ RBCAA) traded up 0.05% during midday trading on Thursday, hitting $40.74. The stock had a trading volume of 43,128 shares. The stock’s 50-day moving average is $38.53 and its 200-day moving average is $36.09. Republic Bancorp, Inc. has a 1-year low of $30.05 and a 1-year high of $44.04. The company has a market capitalization of $849.75 million, a PE ratio of 17.12 and a beta of 0.52.
Republic Bancorp (NASDAQ:RBCAA) last announced its earnings results on Friday, October 20th. The bank reported $0.51 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.05. Republic Bancorp had a return on equity of 8.23% and a net margin of 19.02%. The business had revenue of $58.68 million during the quarter. Equities research analysts forecast that Republic Bancorp, Inc. will post $2.39 EPS for the current year.
Several large investors have recently made changes to their positions in the business. Nationwide Fund Advisors boosted its position in shares of Republic Bancorp by 65.4% during the third quarter. Nationwide Fund Advisors now owns 26,303 shares of the bank’s stock valued at $1,023,000 after buying an additional 10,400 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Republic Bancorp by 6.0% during the second quarter. The Manufacturers Life Insurance Company now owns 7,936 shares of the bank’s stock valued at $283,000 after buying an additional 449 shares during the period. State Street Corp boosted its position in shares of Republic Bancorp by 6.9% during the second quarter. State Street Corp now owns 184,000 shares of the bank’s stock valued at $6,570,000 after buying an additional 11,848 shares during the period. Cornerstone Capital Management Holdings LLC. boosted its position in shares of Republic Bancorp by 1.7% during the second quarter. Cornerstone Capital Management Holdings LLC. now owns 29,997 shares of the bank’s stock valued at $1,070,000 after buying an additional 500 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in shares of Republic Bancorp by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 769,928 shares of the bank’s stock valued at $27,487,000 after buying an additional 22,745 shares during the period. Institutional investors and hedge funds own 24.29% of the company’s stock.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research raised Republic Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub lowered Republic Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Finally, Hovde Group lowered 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.
Republic Bancorp Company Profile
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.
Receive News & Ratings for Republic Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.