California Public Employees Retirement System held its position in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,000 shares of the bank’s stock at the end of the first quarter. California Public Employees Retirement System’s holdings in Republic Bancorp were worth $1,169,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of RBCAA. Norges Bank acquired a new stake in shares of Republic Bancorp during the fourth quarter worth approximately $10,382,000. Renaissance Technologies LLC raised its stake in shares of Republic Bancorp by 57.1% in the fourth quarter. Renaissance Technologies LLC now owns 82,800 shares of the bank’s stock worth $3,274,000 after buying an additional 30,100 shares during the last quarter. AXA raised its stake in shares of Republic Bancorp by 77.0% in the first quarter. AXA now owns 18,615 shares of the bank’s stock worth $640,000 after buying an additional 8,100 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of Republic Bancorp by 30.1% in the first quarter. Nationwide Fund Advisors now owns 30,882 shares of the bank’s stock worth $1,062,000 after buying an additional 7,150 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Republic Bancorp by 8.1% in the first quarter. Bank of New York Mellon Corp now owns 92,746 shares of the bank’s stock worth $3,190,000 after buying an additional 6,978 shares during the last quarter. 25.97% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Republic Bancorp, Inc. (NASDAQ RBCAA) opened at 34.43 on Thursday. Republic Bancorp, Inc. has a one year low of $28.56 and a one year high of $40.74. The stock’s 50 day moving average price is $35.54 and its 200 day moving average price is $35.13. The firm has a market capitalization of $718.11 million, a price-to-earnings ratio of 14.47 and a beta of 0.48.
Republic Bancorp (NASDAQ:RBCAA) last posted its quarterly earnings data on Friday, July 21st. The bank reported $0.48 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.48. The business had revenue of $56.06 million during the quarter. Republic Bancorp had a return on equity of 8.20% and a net margin of 19.33%. Analysts expect that Republic Bancorp, Inc. will post $2.34 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 15th will be issued a dividend of $0.22 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.56%. Republic Bancorp’s payout ratio is presently 36.82%.
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A number of equities research analysts have commented on the company. BidaskClub lowered Republic Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday. Zacks Investment Research upgraded Republic Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th.
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.
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