Have Insiders Sold Republic Bancorp Shares Recently?

Anyone interested in Republic Bancorp, Inc. (NASDAQ:RBCA.A) should probably be aware that a company insider, John Rippy, recently divested US$203k worth of shares in the company, at an average price of US$65.99 each. That sale was 16% of their holding, so it does make us raise an eyebrow.

Check out our latest analysis for Republic Bancorp

The Last 12 Months Of Insider Transactions At Republic Bancorp

The Executive VP, Kevin Sipes, made the biggest insider sale in the last 12 months. That single transaction was for US$656k worth of shares at a price of US$66.15 each. That means that an insider was selling shares at around the current price of US$65.45. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Republic Bancorp insiders didn't buy any shares over the last year. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership Of Republic Bancorp

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Republic Bancorp insiders own 4.3% of the company, worth about US$55m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

What Might The Insider Transactions At Republic Bancorp Tell Us?

Insiders sold Republic Bancorp shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. On the plus side, Republic Bancorp makes money, and is growing profits. Insiders own shares, but we're still pretty cautious, given the history of sales. So we'd only buy after careful consideration. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. While conducting our analysis, we found that Republic Bancorp has 1 warning sign and it would be unwise to ignore it.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.