4,014 Shares in Republic Bancorp, Inc. (NASDAQ:RBCAA) Acquired by Baron Silver Stevens Financial Advisors LLC

Baron Silver Stevens Financial Advisors LLC purchased a new stake in Republic Bancorp, Inc. (NASDAQ:RBCAA - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,014 shares of the bank's stock, valued at approximately $280,000.

Several other institutional investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP grew its holdings in shares of Republic Bancorp by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 952,102 shares of the bank's stock valued at $51,040,000 after purchasing an additional 8,382 shares during the last quarter. Renaissance Technologies LLC boosted its position in Republic Bancorp by 5.5% in the second quarter. Renaissance Technologies LLC now owns 40,200 shares of the bank's stock valued at $2,155,000 after buying an additional 2,100 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Republic Bancorp during the third quarter worth $205,000. Creative Planning acquired a new position in shares of Republic Bancorp during the third quarter worth $261,000. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of Republic Bancorp during the 3rd quarter valued at $208,000. 24.37% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Hovde Group lowered Republic Bancorp from an "outperform" rating to a "market perform" rating and raised their target price for the stock from $78.00 to $80.00 in a research report on Wednesday, November 13th.

Republic Bancorp Price Performance

Republic Bancorp stock traded up $0.74 during midday trading on Thursday, hitting $68.65. 28,851 shares of the company's stock were exchanged, compared to its average volume of 21,889. Republic Bancorp, Inc. has a 52-week low of $46.55 and a 52-week high of $80.68. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.12. The company has a market cap of $1.34 billion, a P/E ratio of 13.05 and a beta of 0.56. The stock has a 50-day moving average price of $72.44 and a two-hundred day moving average price of $66.93.

Republic Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be given a dividend of $0.451 per share. This represents a $1.80 annualized dividend and a yield of 2.63%. This is a positive change from Republic Bancorp's previous quarterly dividend of $0.41. The ex-dividend date is Friday, March 21st. Republic Bancorp's dividend payout ratio (DPR) is presently 30.99%.

Insiders Place Their Bets

In other news, Director Heather V. Howell sold 1,496 shares of the company's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $75.63, for a total value of $113,142.48. Following the transaction, the director now owns 7,491 shares in the company, valued at approximately $566,544.33. This represents a 16.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 55.50% of the company's stock.

Republic Bancorp Company Profile

Republic Bancorp, Inc operates as a bank holding company for Republic Bank & Trust Company that provides various banking products and services in the United States. It operates in six segments: Traditional Banking, Warehouse, Mortgage Banking, Tax Refund Solutions, Republic Payment Solutions, and Republic Credit Solutions.