Injenta Capital LLC buys a new stake in Republic Bancorp, Inc. (NASDAQ:RBCAA)

Inçalta Capital LLC acquired a new position in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA – Free Report) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 1,252 shares of the bank’s stock, valued at approximately $67,000.

Several other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of Republic Bancorp by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 76,927 shares of the bank’s stock valued at $4,124,000 after purchasing an additional 1,226 shares during the last quarter. Independence Bank of Kentucky lifted its position in shares of Republic Bancorp by 4,133.3% during the 2nd quarter. Independence Bank of Kentucky now owns 3,175 shares of the bank’s stock worth $170,000 after buying an additional 3,100 shares in the the last quarter. RPS Advisory Solutions LLC purchased a new stake in Republic Bancorp in the second quarter valued at approximately $226,000. CM Management LLC grew its position in Republic Bancorp by 9.1% in the first quarter. CM Management LLC now owns 30,000 shares of the bank’s stock valued at $1,530,000 after acquiring an additional 2,500 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Republic Bancorp by 0.4% in the first quarter. Vanguard Group Inc. now owns 500,726 shares of the bank’s stock valued at $25,537,000 after purchasing an additional 2,043 shares during the last quarter. 24.37% of shares are held by institutional investors.

Insiders place their bets

In other news, EVP Juan Montano sold 2,750 shares of the business’s stock in a transaction that occurred on Wednesday, August 28th. The stock was sold at an average price of $63.37, for a total value of $174,267.50. Following the completion of the transaction, the executive vice president now owns 8,558 shares of the company’s stock, valued at $542,320.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible via this link. In related news, Director David P. Feaster sold 789 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $65.91, for a total transaction of $52,002.99. Following the completion of the transaction, the director now directly owns 5,487 shares of the company’s stock, valued at approximately $361,648.17. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC’s website. Also, EVP Juan Montano sold 2,750 shares of Republic Bancorp stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $63.37, for a total value of $174,267.50. Following the transaction, the executive vice president now directly owns 8,558 shares in the company, valued at $542,320.46. The disclosure for this sale can be found here. Insiders have sold a total of 16,113 shares of company stock worth $1,045,811 over the last 90 days. Corporate insiders own 55.50% of the company’s shares.

Republic Bancorp stock fell 0.9%

Shares of RBCAA opened at $63.90 on Friday. The firm has a 50-day moving average price of $58.91 and a 200-day moving average price of $53.37. Republic Bancorp, Inc. has a 12-month low of $42.42 and a 12-month high of $69.00. The company has a current ratio of 1.09, a quick ratio of 1.09, and a debt-to-equity ratio of 0.39. The stock has a market cap of $1.73 billion, a P/E ratio of 13.42 and a beta of 0.54.

Republic Bancorp (NASDAQ:RBCAA – Get Your Free Report ) last issued its quarterly earnings data on Friday, July 19th. The bank reported $1.30 EPS for the quarter, missing the consensus estimate of $1.33 by ($0.03). The company had revenue of $116.05 million during the quarter. Republic Bancorp had a net margin of 20.41% and a return on equity of 10.50%.

Republic Bancorp announces dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 20th will be paid a dividend of $0.407 per share. The ex-dividend date of this dividend is Friday, September 20. This represents a dividend of $1.63 on an annualized basis and a yield of 2.55%. Republic Bancorp’s dividend payout ratio is currently 34.03%.

About Republic Bancorp

(Free report)

Republic Bancorp, Inc operates as the bank holding company for Republic Bank & Trust Company, which provides various banking products and services in the United States. It operates in six segments: Traditional Banking, Deposit, Mortgage Banking, Tax Refund Solutions, Republic Payment Solutions and Republic Credit Solutions.

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