JPMorgan Chase & Co. Purchases 19,932 Shares of Republic Bancorp, Inc. (NASDAQ:RBCAA)

JPMorgan Chase & Co. raised its position in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA - Free Report) by 119.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,567 shares of the bank's stock after purchasing an additional 19,932 shares during the period. JPMorgan Chase & Co. owned approximately 0.19% of Republic Bancorp worth $2,555,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its position in Republic Bancorp by 4.5% in the 3rd quarter. Geode Capital Management LLC now owns 219,628 shares of the bank's stock worth $14,345,000 after purchasing an additional 9,430 shares during the period. Barclays PLC increased its holdings in shares of Republic Bancorp by 338.3% in the third quarter. Barclays PLC now owns 12,736 shares of the bank's stock worth $831,000 after buying an additional 9,830 shares during the period. Baron Silver Stevens Financial Advisors LLC bought a new stake in shares of Republic Bancorp in the 4th quarter valued at about $280,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Republic Bancorp during the 4th quarter valued at about $375,000. Finally, Pillar Financial Advisors LLC bought a new position in Republic Bancorp during the 4th quarter worth approximately $286,000. Institutional investors own 24.37% of the company's stock.

Insider Transactions at Republic Bancorp

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

Analysts Set New Price Targets

Separately, Hovde Group increased their price objective on Republic Bancorp from $64.00 to $69.00 and gave the company a "market perform" rating in a research note on Friday.

Republic Bancorp Trading Down 0.9 %

Shares of Republic Bancorp stock traded down $0.62 during trading on Friday, reaching $67.01. 28,686 shares of the stock were exchanged, compared to its average volume of 20,938. The stock's fifty day moving average is $64.50 and its 200 day moving average is $68.36. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 12.81 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, Inc. has a 1 year low of $48.67 and a 1 year high of $80.68.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The bank reported $2.42 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.56. Republic Bancorp had a return on equity of 10.60% and a net margin of 20.05%. The company had revenue of $135.84 million during the quarter, compared to analyst estimates of $126.90 million.

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.