Republic Bancorp Inc /ky/ (RBCAA): Steven E Deweese , EVP, Dir of Bus & Private Bank of Republic Bancorp Inc /ky/ sold 901 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 17, 2016 to the Securities and Exchange Commission. The shares were sold at $26.99 per share for a total value of $24,317.99 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 14, 2016, Juan Montano (SVP & Managing Dir of Mtg Lend) sold 3,000 shares at $25.26 per share price.On Nov 20, 2015, Steven E Deweese (EVP, Dir of Bus & Private Bank) sold 5,000 shares at $26.49 per share price.Also, On Mar 2, 2015, John T Rippy (SVP, Chief Risk Mgmt Officer) sold 3,484 shares at $23.91 per share price.
Republic Bancorp KY: On Monday, May 16, 2016 heightened volatility was witnessed in Republic Bancorp KY which led to swings in the share price. The shares opened for trading at $26.7 and hit $27.26 on the upside , eventually ending the session at $27.11, with a gain of 1.35% or 0.36 points. The heightened volatility saw the trading volume jump to 26,051 shares. The 52-week high of the share price is $27.95 and the company has a market cap of $567 M . The 52-week low of the share price is at $23.
Republic Bancorp Inc. (Republic) 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 provides property and casualty insurance coverage to the Company and the Bank as well as five other third-party insurance captives for which insurance may not be available. The Company operates in four business segments: Traditional Banking which provides traditional banking products primarily to customers in the Company’s market footprint; Warehouse Lending which provides short-term revolving credit facilities to mortgage bankers across the Nation; 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 under the TRS division.