Progressive shares fall as Q3 earnings, revenue miss expectations
Juan Montano, executive vice president and chief mortgage banking officer at Republic Bancorp Inc (NASDAQ:RBCAA), a $1.48 billion market cap financial institution currently trading near its 52-week high of $80.68, sold 1,223.23 shares of Class A Common Stock on September 3, 2025, at a price of $75.53, totaling $92,390. The company, which boasts a 28-year streak of consistent dividend payments and maintains a healthy 2.4% dividend yield, is currently undervalued according to InvestingPro analysis.
According to a Form 4 filing with the Securities and Exchange Commission, Montano also exercised options to acquire 1,500 shares of Republic Bancorp’s Class A Common Stock at an exercise price of $35.92, amounting to $53,880 on September 11. On the same day, Montano disposed of 700 shares to cover tax obligations at a price of $77.07, for a total value of $53,948. With a P/E ratio of 12.2 and strong financial health metrics, the company shows promising fundamentals. For comprehensive insider trading analysis and additional financial insights, InvestingPro subscribers have access to 7 more exclusive tips about RBCAA’s investment potential.
In other recent news, Republic Bancorp , Inc. announced its quarterly results for the period ending June 30, 2025. The company disclosed these results through an earnings release and a financial supplement filed with the Securities and Exchange Commission. Additionally, Republic Bancorp declared a cash dividend of $0.451 per share for Class A Common Stock and $0.41 per share for Class B Common Stock. These dividends are set to be paid on October 17, 2025, to shareholders recorded as of September 19, 2025. In another development, Raymond James initiated coverage on Republic Bancorp with a Market Perform rating. This rating reflects the firm’s assessment of the company’s current market position. These developments highlight the company’s recent financial activities and analyst perspectives.
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