Barclays PLC Has $831,000 Stake in Republic Bancorp, Inc. (NASDAQ:RBCAA)

Barclays PLC boosted its stake in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA - Free Report) by 338.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,736 shares of the bank's stock after acquiring an additional 9,830 shares during the quarter. Barclays PLC owned 0.07% of Republic Bancorp worth $831,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Acadian Asset Management LLC bought a new position in shares of Republic Bancorp in the second quarter valued at about $87,000. SG Americas Securities LLC acquired a new position in shares of Republic Bancorp during the third quarter worth approximately $205,000. SeaCrest Wealth Management LLC bought a new stake in shares of Republic Bancorp during the third quarter valued at approximately $208,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Republic Bancorp in the third quarter valued at approximately $224,000. Finally, Hohimer Wealth Management LLC bought a new position in Republic Bancorp in the 3rd quarter worth approximately $227,000. 24.37% of the stock is owned by institutional investors.

Republic Bancorp Trading Down 2.0 %

Republic Bancorp stock traded down $1.33 during trading hours on Thursday, reaching $66.69. 6,742 shares of the company's stock traded hands, compared to its average volume of 18,858. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 12.76 and a beta of 0.56. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.12. Republic Bancorp, Inc. has a fifty-two week low of $46.55 and a fifty-two week high of $80.68. The firm's 50 day moving average is $73.47 and its 200-day moving average is $66.37.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last announced its quarterly earnings data on Friday, October 18th. The bank reported $1.37 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.16. Republic Bancorp had a net margin of 20.65% and a return on equity of 10.79%. The firm had revenue of $118.36 million for the quarter.

Republic Bancorp Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 20th will be given a $0.407 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.44%. Republic Bancorp's dividend payout ratio is 30.99%.

Analyst Ratings Changes

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

Insider Activity at Republic Bancorp

In related news, Director Heather V. Howell sold 1,496 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $75.63, for a total transaction of $113,142.48. Following the completion of the sale, the director now directly owns 7,491 shares of the company's stock, valued at approximately $566,544.33. This represents a 16.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 56.60% of the stock is currently owned by corporate insiders.

About Republic Bancorp

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.