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.

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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.

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