Republic Bancorp, Inc. (NASDAQ:RBCAA) Shares Sold by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. trimmed its position in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 4.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,933 shares of the bank’s stock after selling 314 shares during the period. Stock Yards Bank & Trust Co.’s holdings in Republic Bancorp were worth $484,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in shares of Republic Bancorp during the third quarter worth $205,000. Creative Planning acquired a new stake in shares of Republic Bancorp during the 3rd quarter worth approximately $261,000. SeaCrest Wealth Management LLC bought a new stake in shares of Republic Bancorp in the 3rd quarter worth approximately $208,000. Los Angeles Capital Management LLC boosted its position in Republic Bancorp by 50.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 31,822 shares of the bank’s stock valued at $2,078,000 after purchasing an additional 10,617 shares during the period. Finally, Empowered Funds LLC grew its stake in Republic Bancorp by 2.0% during the 3rd quarter. Empowered Funds LLC now owns 61,825 shares of the bank’s stock worth $4,037,000 after buying an additional 1,204 shares during the last quarter. 24.37% of the stock is owned by institutional investors.

Insider Transactions at Republic Bancorp

In related news, Director David P. Feaster sold 1,406 shares of the company’s stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $66.42, for a total transaction of $93,386.52. Following the transaction, the director now directly owns 4,303 shares of the company’s stock, valued at approximately $285,805.26. The trade was a 24.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Heather V. Howell sold 1,496 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $75.63, for a total value of $113,142.48. Following the completion of the sale, the director now directly owns 7,491 shares of the company’s stock, valued at approximately $566,544.33. This represents a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 5,984 shares of company stock valued at $409,910 in the last quarter. Insiders own 55.50% of the company’s stock.

Republic Bancorp Stock Performance

RBCAA opened at $64.09 on Tuesday. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average is $71.15 and its 200-day moving average is $67.49. The stock has a market cap of $1.25 billion, a PE ratio of 12.25 and a beta of 0.56. Republic Bancorp, Inc. has a twelve month low of $46.55 and a twelve month high of $80.68.

Republic Bancorp (NASDAQ:RBCAA) last issued its quarterly earnings results on Friday, January 24th. The bank reported $0.98 EPS for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.22). Republic Bancorp had a net margin of 20.05% and a return on equity of 10.60%.

Republic Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be given a dividend of $0.451 per share. This is a positive change from Republic Bancorp’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.80 annualized dividend and a dividend yield of 2.81%. Republic Bancorp’s dividend payout ratio (DPR) is 34.42%.

Analyst Ratings Changes

Separately, Hovde Group reduced their price target on shares of Republic Bancorp from $72.00 to $70.00 and set a “market perform” rating for the company in a report on Monday, January 27th.

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.