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Scott Trager, Vice Chairman of Republic Bancorp Inc (NASDAQ:RBCAA), recently acquired additional shares in the company. According to a filing with the Securities and Exchange Commission dated June 2, 2025, Trager purchased 436.511 shares of Class A common stock at a price of $68.73 per share, totaling approximately $30,001. The purchase price sits close to the current trading price of $68.47, with InvestingPro analysis indicating the stock is currently undervalued. The $1.3 billion market cap company maintains a solid financial health score of "GOOD" and trades at an attractive P/E ratio of 11.3x.
This transaction was conducted through Trager’s 401(k) plan, reflecting an increase in his holdings. Following this acquisition, Trager’s direct and indirect ownership in Republic Bancorp includes shares held through various partnerships and trusts. The company has maintained dividend payments for 28 consecutive years, with a current yield of 2.6%. InvestingPro subscribers can access 8 additional key insights about RBCAA’s valuation and growth prospects.
In other recent news, Republic Bancorp announced the results of its Annual Meeting of Shareholders. The meeting resulted in the election of 15 directors to the company’s Board, with all nominees securing positions until the 2026 annual meeting. Shareholders also approved executive compensation, with a majority of 34,032,662 votes in favor. A new stock incentive plan was adopted, receiving approval from 31,262,085 votes, while the appointment of Forvis Mazars, LLP as the independent auditor for the fiscal year ending December 31, 2025, was ratified with 35,425,636 votes in favor. The SEC filing did not provide details about the percentage increase in core earnings or specifics regarding the stock repurchase program. These developments reflect Republic Bancorp’s ongoing governance and compensation strategies as it progresses into the 2025 fiscal year.
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