Allworth Financial LP Has $756,000 Stock Position in Republic Bancorp, Inc. (NASDAQ:RBCAA)

Allworth Financial LP grew its position in Republic Bancorp, Inc. (NASDAQ:RBCAA - Free Report) by 3,326.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,137 shares of the bank's stock after purchasing an additional 10,812 shares during the quarter. Allworth Financial LP owned approximately 0.06% of Republic Bancorp worth $756,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. New York State Teachers Retirement System grew its position in Republic Bancorp by 659.0% during the 4th quarter. New York State Teachers Retirement System now owns 759 shares of the bank's stock worth $53,000 after purchasing an additional 659 shares during the last quarter. SG Americas Securities LLC acquired a new position in Republic Bancorp during the third quarter worth about $205,000. The Manufacturers Life Insurance Company acquired a new position in Republic Bancorp during the third quarter worth about $224,000. Hohimer Wealth Management LLC acquired a new position in Republic Bancorp during the third quarter worth about $227,000. Finally, Creative Planning acquired a new position in Republic Bancorp during the third quarter worth about $261,000. 24.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Republic Bancorp

In other Republic Bancorp news, Director David P. Feaster sold 1,406 shares of the firm's stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $66.42, for a total value of $93,386.52. Following the completion of the transaction, the director now directly owns 4,303 shares in the company, valued at $285,805.26. This trade represents a 24.63 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP John T. Rippy sold 3,082 shares of the stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $65.99, for a total transaction of $203,381.18. Following the completion of the sale, the executive vice president now directly owns 23,105 shares of the company's stock, valued at $1,524,698.95. This trade represents a 11.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 55.50% of the stock is currently owned by corporate insiders.

Republic Bancorp Trading Down 0.7 %

RBCAA stock traded down $0.44 on Friday, hitting $66.19. 4,845 shares of the company were exchanged, compared to its average volume of 22,027. Republic Bancorp, Inc. has a twelve month low of $46.55 and a twelve month high of $80.68. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.12 and a quick ratio of 1.11. The business's fifty day moving average is $68.44 and its two-hundred day moving average is $67.67. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 12.61 and a beta of 0.54.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last released its quarterly earnings data on Friday, January 24th. The bank reported $0.98 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.22). Republic Bancorp had a return on equity of 10.60% and a net margin of 20.05%.

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 issued a $0.451 dividend. The ex-dividend date of this dividend is Friday, March 21st. This is a boost from Republic Bancorp's previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a yield of 2.73%. Republic Bancorp's dividend payout ratio is currently 34.42%.

Analyst Upgrades and Downgrades

Separately, Hovde Group cut their price objective on shares of Republic Bancorp from $72.00 to $70.00 and set a "market perform" rating for the company in a research report on Monday, January 27th.

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.