Republic Bancorp, Inc. $RBCAA Stock Holdings Lifted by Renaissance Technologies LLC

Renaissance Technologies LLC increased its holdings in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 27.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 46,300 shares of the bank’s stock after buying an additional 9,900 shares during the period. Renaissance Technologies LLC owned about 0.24% of Republic Bancorp worth $3,266,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in Republic Bancorp by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 928,367 shares of the bank’s stock valued at $65,496,000 after acquiring an additional 5,656 shares during the period. State Street Corp raised its position in shares of Republic Bancorp by 1.0% during the 4th quarter. State Street Corp now owns 218,872 shares of the bank’s stock worth $15,195,000 after purchasing an additional 2,208 shares during the period. Bridgeway Capital Management LLC lifted its holdings in shares of Republic Bancorp by 5.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 123,097 shares of the bank’s stock worth $8,492,000 after purchasing an additional 6,189 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Republic Bancorp by 651.0% in the 2nd quarter. First Trust Advisors LP now owns 78,077 shares of the bank’s stock worth $5,708,000 after purchasing an additional 67,681 shares during the last quarter. Finally, Empowered Funds LLC boosted its position in Republic Bancorp by 9.2% during the 4th quarter. Empowered Funds LLC now owns 73,735 shares of the bank’s stock valued at $5,087,000 after purchasing an additional 6,189 shares during the period. Institutional investors own 24.37% of the company’s stock.

Republic Bancorp Trading Down 0.4%

Shares of RBCAA stock opened at $99.19 on Friday. Republic Bancorp, Inc. has a 1 year low of $63.97 and a 1 year high of $102.22. The firm has a market capitalization of $1.95 billion, a PE ratio of 15.14 and a beta of 0.55. The stock has a fifty day moving average of $90.23 and a two-hundred day moving average of $79.01. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.05 and a current ratio of 1.06.

Republic Bancorp (NASDAQ:RBCAA) last issued its quarterly earnings results on Friday, July 24th. The bank reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $1.55 by $0.13. Republic Bancorp had a return on equity of 11.32% and a net margin of 25.38%.The company had revenue of $101.27 million for the quarter, compared to analyst estimates of $97.60 million. As a group, research analysts expect that Republic Bancorp, Inc. will post 6.65 EPS for the current year.

Republic Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, September 18th will be paid a dividend of $0.495 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $1.98 annualized dividend and a yield of 2.0%. Republic Bancorp’s dividend payout ratio (DPR) is presently 30.23%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on RBCAA. Zacks Research upgraded Republic Bancorp to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings restated a “buy (b)” rating on shares of Republic Bancorp in a research report on Tuesday, June 9th. Hovde Group increased their price objective on shares of Republic Bancorp from $80.00 to $98.00 and gave the stock a “market perform” rating in a report on Monday, July 27th. Finally, Wall Street Zen upgraded shares of Republic Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $98.00.

Insider Transactions at Republic Bancorp

In other Republic Bancorp news, EVP Christy Ames sold 340 shares of the business’s stock in a transaction dated Thursday, June 11th. The shares were sold at an average price of $87.90, for a total transaction of $29,886.00. Following the sale, the executive vice president directly owned 6,145 shares in the company, valued at approximately $540,145.50. The trade was a 5.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Anthony T. Powell sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $83.54, for a total transaction of $250,620.00. Following the completion of the sale, the executive vice president directly owned 24,691 shares of the company’s stock, valued at approximately $2,062,686.14. This represents a 10.83% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 55.90% of the stock is currently owned by insiders.

Republic Bancorp Profile

Republic Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, that operates through its principal subsidiary, Republic Bank & Trust Company. The company provides a full suite of commercial and retail banking services tailored to individuals, small businesses and middle?market clients. Core offerings include deposit accounts, consumer and commercial lending, treasury and cash-management services, mortgage financing, SBA lending and wealth management solutions. Republic Bancorp also supports specialized financing needs through equipment leasing and small business advisory services.

Republic Bancorp’s branch network spans key markets in the U.S.