Republic Bancorp, Inc. (RBCAA) Position Lifted by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) by 0.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 393,134 shares of the bank’s stock after acquiring an additional 2,826 shares during the quarter. Vanguard Group Inc. owned about 1.88% of Republic Bancorp worth $14,035,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in RBCAA. Menta Capital LLC lifted its holdings in shares of Republic Bancorp by 106.5% in the second quarter. Menta Capital LLC now owns 38,238 shares of the bank’s stock valued at $1,365,000 after buying an additional 19,722 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Republic Bancorp by 23.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 72,979 shares of the bank’s stock valued at $2,510,000 after buying an additional 13,805 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Republic Bancorp by 1.9% in the first quarter. Dimensional Fund Advisors LP now owns 747,183 shares of the bank’s stock valued at $25,696,000 after buying an additional 13,687 shares during the period. Northern Trust Corp lifted its holdings in shares of Republic Bancorp by 10.7% in the second quarter. Northern Trust Corp now owns 136,694 shares of the bank’s stock valued at $4,880,000 after buying an additional 13,224 shares during the period. Finally, Goldman Sachs Group Inc. lifted its holdings in shares of Republic Bancorp by 24.1% in the first quarter. Goldman Sachs Group Inc. now owns 25,163 shares of the bank’s stock valued at $865,000 after buying an additional 4,892 shares during the period. Institutional investors own 24.42% of the company’s stock.

Several brokerages have recently weighed in on RBCAA. BidaskClub lowered Republic Bancorp from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th. Zacks Investment Research lowered Republic Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, September 30th. Hovde Group lowered Republic Bancorp from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $39.00 to $41.00 in a research report on Wednesday, October 4th. Finally, ValuEngine lowered Republic Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th.

In other news, EVP Steven E. Deweese sold 7,000 shares of the business’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $41.00, for a total transaction of $287,000.00. Following the sale, the executive vice president now directly owns 34,115 shares of the company’s stock, valued at $1,398,715. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 52.30% of the stock is owned by insiders.

Shares of Republic Bancorp, Inc. (RBCAA) traded down $0.24 during trading on Tuesday, hitting $41.37. The stock had a trading volume of 35,167 shares, compared to its average volume of 19,021. The firm has a market capitalization of $867.94, a price-to-earnings ratio of 17.12 and a beta of 0.53. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.26. Republic Bancorp, Inc. has a 12 month low of $31.97 and a 12 month high of $44.04.

Republic Bancorp (NASDAQ:RBCAA) last announced its earnings results on Friday, October 20th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.05. The company had revenue of $58.68 million for the quarter. Republic Bancorp had a return on equity of 8.18% and a net margin of 19.02%. equities analysts anticipate that Republic Bancorp, Inc. will post 2.44 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Friday, December 15th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Thursday, December 14th. Republic Bancorp’s dividend payout ratio (DPR) is presently 36.21%.

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About Republic Bancorp

Republic Bancorp, Inc 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 is an insurance subsidiary of the Company. The Company operates through four segments: Traditional Banking, which provides traditional banking products to customers; Warehouse Lending (Warehouse), which provides short-term, revolving credit facilities to mortgage bankers across the United States through mortgage warehouse lines of credit; 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.

Institutional Ownership by Quarter for Republic Bancorp (NASDAQ:RBCAA)

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