Republic Bancorp, Inc. (NASDAQ:RBCAA) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC increased its holdings in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA - Free Report) by 69.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,205 shares of the bank's stock after purchasing an additional 8,704 shares during the period. Cerity Partners LLC owned 0.11% of Republic Bancorp worth $1,481,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Wells Fargo & Company MN raised its stake in shares of Republic Bancorp by 19.5% during the fourth quarter. Wells Fargo & Company MN now owns 6,502 shares of the bank's stock worth $454,000 after purchasing an additional 1,059 shares during the last quarter. Norges Bank acquired a new position in Republic Bancorp in the 4th quarter valued at $1,803,000. JPMorgan Chase & Co. increased its stake in Republic Bancorp by 119.8% in the 4th quarter. JPMorgan Chase & Co. now owns 36,567 shares of the bank's stock valued at $2,555,000 after buying an additional 19,932 shares during the period. Vanguard Group Inc. raised its position in Republic Bancorp by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 514,866 shares of the bank's stock worth $35,974,000 after buying an additional 19,756 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Republic Bancorp in the 4th quarter worth $660,000. 24.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Analyst Ratings Changes

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

Republic Bancorp Price Performance

Shares of Republic Bancorp stock traded up $1.45 during trading on Wednesday, reaching $67.59. The company's stock had a trading volume of 2,470 shares, compared to its average volume of 27,098. The business has a 50 day moving average price of $64.49 and a 200-day moving average price of $68.34. Republic Bancorp, Inc. has a 12-month low of $48.10 and a 12-month high of $80.68. The company has a market capitalization of $1.32 billion, a P/E ratio of 12.92 and a beta of 0.46. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.38.

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

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.