Republic Bancorp, Inc. (NASDAQ:RBCAA) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC grew its position in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA - Free Report) by 4.5% in the third quarter, according to its most recent filing with the SEC. The fund owned 219,628 shares of the bank's stock after acquiring an additional 9,430 shares during the quarter. Geode Capital Management LLC owned about 1.13% of Republic Bancorp worth $14,345,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of RBCAA. Acadian Asset Management LLC bought a new stake in Republic Bancorp during the second quarter worth approximately $87,000. SG Americas Securities LLC purchased a new position in shares of Republic Bancorp in the 3rd quarter worth approximately $205,000. SeaCrest Wealth Management LLC bought a new position in shares of Republic Bancorp during the 3rd quarter valued at approximately $208,000. The Manufacturers Life Insurance Company bought a new position in shares of Republic Bancorp during the 3rd quarter valued at approximately $224,000. Finally, Creative Planning purchased a new stake in Republic Bancorp during the 3rd quarter valued at $261,000. 24.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Republic Bancorp

In related news, Director Heather V. Howell sold 1,496 shares of Republic Bancorp 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 completion of the sale, the director now directly owns 7,491 shares in the company, valued at $566,544.33. This trade represents a 16.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 55.50% of the stock is currently owned by corporate insiders.

Republic Bancorp Stock Down 0.4 %

Shares of RBCAA stock traded down $0.25 during mid-day trading on Tuesday, hitting $69.87. The stock had a trading volume of 14,047 shares, compared to its average volume of 17,665. Republic Bancorp, Inc. has a 12-month low of $46.55 and a 12-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 firm's 50-day moving average is $73.61 and its two-hundred day moving average is $65.21. The firm has a market capitalization of $1.36 billion, a P/E ratio of 13.28 and a beta of 0.54.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last posted its quarterly earnings results on Friday, October 18th. The bank reported $1.37 EPS for the quarter, beating the consensus estimate of $1.21 by $0.16. Republic Bancorp had a net margin of 20.65% and a return on equity of 10.79%. The business had revenue of $118.36 million during the quarter.

Republic Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 20th will be issued a $0.407 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Friday, December 20th. Republic Bancorp's dividend payout ratio is currently 30.80%.

Analyst Ratings Changes

Separately, Hovde Group downgraded shares of Republic Bancorp from an "outperform" rating to a "market perform" rating and upped their price target for the company from $78.00 to $80.00 in a report on Wednesday, November 13th.

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.