Swiss National Bank held its stake in Republic Bancorp Inc. (NASDAQ:RBCAA) during the second quarter, Holdings Channel reports. The firm owned 18,600 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned 0.09% of Republic Bancorp worth $514,000 as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Stock Yards Bank & Trust Co. purchased a new position in Republic Bancorp during the second quarter worth about $221,000. Los Angeles Capital Management & Equity Research Inc. increased its position in Republic Bancorp by 6.1% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 10,452 shares of the company’s stock worth $270,000 after buying an additional 600 shares during the last quarter. Virginia Retirement System purchased a new position in Republic Bancorp during the first quarter worth about $332,000. Prudential Financial Inc. increased its position in Republic Bancorp by 3.7% in the first quarter. Prudential Financial Inc. now owns 22,487 shares of the company’s stock worth $581,000 after buying an additional 800 shares during the last quarter. Finally, AXA increased its position in Republic Bancorp by 312.7% in the first quarter. AXA now owns 26,000 shares of the company’s stock worth $672,000 after buying an additional 19,700 shares during the last quarter. Institutional investors and hedge funds own 24.31% of the company’s stock.
Shares of Republic Bancorp Inc. (NASDAQ:RBCAA) traded down 0.50% during midday trading on Friday, reaching $29.81. The company had a trading volume of 9,045 shares. The company has a market capitalization of $621.90 million, a P/E ratio of 15.97 and a beta of 0.72. The company’s 50 day moving average price is $31.08 and its 200-day moving average price is $28.78. Republic Bancorp Inc. has a 52 week low of $23.00 and a 52 week high of $33.26.
Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings data on Friday, July 22nd. The company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.04. Republic Bancorp had a return on equity of 6.70% and a net margin of 18.78%. On average, equities research analysts predict that Republic Bancorp Inc. will post $2.04 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, September 16th will be paid a dividend of $0.209 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date of this dividend is Wednesday, September 14th. Republic Bancorp’s dividend payout ratio (DPR) is currently 44.68%.
Separately, Zacks Investment Research downgraded Republic Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 11th.
Republic Bancorp Company Profile
Republic Bancorp, Inc (Republic) 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. It operates in four segments: Traditional Banking, which provides traditional banking products primarily to customers; Warehouse Lending (Warehouse), which provides short-term, revolving credit facilities to mortgage bankers across the Nation; 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.
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