Republic Bancorp, Inc. (NASDAQ:RBCAA) Shares Bought by American Century Companies Inc.

American Century Companies Inc. lifted its stake in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA - Free Report) by 14.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 186,117 shares of the bank's stock after acquiring an additional 22,818 shares during the period. American Century Companies Inc. owned 0.96% of Republic Bancorp worth $13,004,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New York State Teachers Retirement System grew its position in Republic Bancorp by 659.0% in the fourth quarter. New York State Teachers Retirement System now owns 759 shares of the bank's stock worth $53,000 after acquiring an additional 659 shares during the period. The Manufacturers Life Insurance Company purchased a new position in shares of Republic Bancorp during the 3rd quarter worth $224,000. Hohimer Wealth Management LLC acquired a new stake in shares of Republic Bancorp during the 3rd quarter worth about $227,000. SG Americas Securities LLC raised its holdings in Republic Bancorp by 22.8% in the 4th quarter. SG Americas Securities LLC now owns 3,851 shares of the bank's stock valued at $269,000 after buying an additional 714 shares during the period. Finally, Baron Silver Stevens Financial Advisors LLC acquired a new position in Republic Bancorp in the fourth quarter valued at about $280,000. Institutional investors and hedge funds own 24.37% of the company's stock.

Analyst Ratings Changes

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

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Republic Bancorp Trading Up 0.7 %

Shares of RBCAA traded up $0.41 during midday trading on Friday, hitting $60.91. 51,587 shares of the stock were exchanged, compared to its average volume of 19,687. 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 firm has a market cap of $1.19 billion, a P/E ratio of 11.65 and a beta of 0.46. Republic Bancorp, Inc. has a 52-week low of $46.81 and a 52-week high of $80.68. The stock has a fifty day simple moving average of $65.63 and a 200 day simple moving average of $68.57.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last issued its quarterly earnings results 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 disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be given a dividend of $0.451 per share. The ex-dividend date is Friday, March 21st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.96%. This is a positive change from Republic Bancorp's previous quarterly dividend of $0.41. Republic Bancorp's dividend payout ratio is currently 34.42%.

Insider Activity

In related news, EVP John T. Rippy sold 3,082 shares of Republic Bancorp stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $65.99, for a total value of $203,381.18. Following the completion of the transaction, the executive vice president now owns 23,105 shares in the company, valued at $1,524,698.95. The trade was a 11.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David P. Feaster sold 1,406 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $66.42, for a total transaction of $93,386.52. Following the completion of the sale, the director now directly owns 4,303 shares in the company, valued at approximately $285,805.26. This represents a 24.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 56.40% of the company's stock.

Republic Bancorp 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.