Geode Capital Management LLC Decreases Stake in Republic Bancorp, Inc. (NASDAQ:RBCAA)

Geode Capital Management LLC lowered its position in Republic Bancorp, Inc. (NASDAQ:RBCAA - Free Report) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 215,642 shares of the bank's stock after selling 3,986 shares during the quarter. Geode Capital Management LLC owned about 1.11% of Republic Bancorp worth $15,069,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in RBCAA. Norges Bank bought a new position in Republic Bancorp during the fourth quarter valued at approximately $1,803,000. American Century Companies Inc. grew its stake in shares of Republic Bancorp by 14.0% during the fourth quarter. American Century Companies Inc. now owns 186,117 shares of the bank's stock valued at $13,004,000 after buying an additional 22,818 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Republic Bancorp by 119.8% in the fourth quarter. JPMorgan Chase & Co. now owns 36,567 shares of the bank's stock worth $2,555,000 after buying an additional 19,932 shares during the period. Vanguard Group Inc. lifted its stake in shares of Republic Bancorp by 4.0% in the 4th quarter. Vanguard Group Inc. now owns 514,866 shares of the bank's stock valued at $35,974,000 after acquiring an additional 19,756 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in Republic Bancorp by 3,326.8% during the 4th quarter. Allworth Financial LP now owns 11,137 shares of the bank's stock valued at $756,000 after acquiring an additional 10,812 shares during the period. Institutional investors own 24.37% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Hovde Group dropped their target price 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 Trading Up 1.0 %

Shares of RBCAA traded up $0.68 during mid-day trading on Wednesday, hitting $66.82. 20,580 shares of the company's stock traded hands, compared to its average volume of 20,860. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $1.30 billion, a P/E ratio of 12.78 and a beta of 0.46. The business's 50-day moving average price is $64.49 and its 200-day moving average price is $68.34. Republic Bancorp, Inc. has a 1 year low of $48.10 and a 1 year high of $80.68.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last issued its quarterly earnings data on Friday, January 24th. The bank reported $0.98 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%.

Insider Buying and Selling at Republic Bancorp

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