Republic Bancorp, Inc. (NASDAQ: RBCAA) EVP Jeff Starke sold 820 shares of the company's stock on Thursday, October 29th. The shares were sold at an average price of $92.40, totaling $75,768. After the sale, Starke still holds 7,837 shares, valued at $724,138.80. This transaction reduced his position by 9.47%. The sale was disclosed in a legal filing with the SEC.
On the same day, Republic Bancorp's stock traded up $0.41, reaching $91.84 during midday trading. The trading volume was 54,894 shares, below its average volume of 86,708. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 13.87, and a beta of 0.55. Its 52-week range is between $63.97 and $102.22.
Republic Bancorp reported its quarterly earnings on Friday, October 23rd, with $1.59 earnings per share, missing the consensus estimate of $1.65 by $0.06. The company had revenue of $103.93 million, surpassing analysts' expectations of $100.35 million. The firm has a return on equity of 11.20% and a net margin of 25.33%. Analysts anticipate that Republic Bancorp will post 6.65 earnings per share for the current fiscal year.
Several large investors have recently adjusted their positions in Republic Bancorp. Nisa Investment Advisors LLC raised its holdings by 40.4% in the third quarter, while Swiss National Bank increased its position by 2.4% during the first quarter. Inspire Investing LLC boosted its holdings by 6.3% in the first quarter, and GAMMA Investing LLC increased its position by 167.0% in the third quarter. Institutional investors now own 24.37% of the company's stock.
Analyst ratings for Republic Bancorp vary. Zacks Research upgraded the stock to a "hold" rating, while Hovde Group raised its target price to $98.00 with a "market perform" rating. Weiss Ratings upgraded the stock from a "buy (b)" to a "buy (b+)" rating. Raymond James Financial issued a "hold" rating. The consensus rating among analysts is "Hold" with a consensus price target of $98.00.