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Christy Ames, Executive Vice President and General Counsel at Republic Bancorp Inc (NASDAQ:RBCAA), recently sold 700 shares of the company’s Class A common stock. The shares were sold on June 9 at a price of $70.50 each, totaling approximately $49,350. Following this transaction, Ames holds 5,043.558 shares directly. The sale comes as Republic Bancorp, a $1.4 billion market cap financial institution, trades near $71.79, having delivered an impressive 47.75% return over the past year. According to InvestingPro analysis, the stock currently trades at an attractive P/E ratio of 11.7x.
In addition to the recent sale, Ames holds several employee stock options. These options include rights to buy 2,688 shares at $42.74, 2,242 shares at $49.25, and 1,622 shares at $68.02, with varying exercise and expiration dates. The company maintains a strong dividend track record, having paid dividends for 28 consecutive years with a current yield of 2.53%. InvestingPro subscribers can access additional insights and metrics about Republic Bancorp’s financial health and growth potential.
In other recent news, Republic Bancorp announced several key outcomes from its Annual Meeting of Shareholders. The company successfully elected 15 directors to its Board, with all nominees receiving approval to serve until the next annual meeting in 2026. Shareholders also approved the executive compensation package, with a majority voting in favor. Additionally, the Republic Bancorp, Inc. 2025 Stock Incentive Plan was adopted after receiving substantial support from shareholders. Forvis Mazars, LLP was ratified as the independent auditor for the fiscal year ending December 31, 2025, with overwhelming approval. While the press release mentioned a stock repurchase program and core earnings, specific details on these were not disclosed. These developments reflect Republic Bancorp’s governance and compensation strategies as it progresses into the 2025 fiscal year.
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