Los Angeles Capital Management LLC Purchases 10,617 Shares of Republic Bancorp, Inc. (NASDAQ:RBCAA)

Los Angeles Capital Management LLC raised its stake in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA - Free Report) by 50.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,822 shares of the bank's stock after purchasing an additional 10,617 shares during the quarter. Los Angeles Capital Management LLC owned 0.16% of Republic Bancorp worth $2,078,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. SeaCrest Wealth Management LLC bought a new stake in Republic Bancorp during the third quarter worth about $208,000. Creative Planning acquired a new stake in shares of Republic Bancorp in the third quarter valued at $261,000. SG Americas Securities LLC bought a new position in shares of Republic Bancorp in the third quarter valued at about $205,000. Renaissance Technologies LLC lifted its position in Republic Bancorp by 5.5% during the 2nd quarter. Renaissance Technologies LLC now owns 40,200 shares of the bank's stock worth $2,155,000 after buying an additional 2,100 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Republic Bancorp by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 952,102 shares of the bank's stock worth $51,040,000 after buying an additional 8,382 shares in the last quarter. 24.37% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Christy Ames sold 1,715 shares of the company's stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $63.72, for a total transaction of $109,279.80. Following the sale, the executive vice president now owns 4,240 shares in the company, valued at approximately $270,172.80. This represents a 28.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Juan Montano sold 2,750 shares of the business's stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $63.37, for a total transaction of $174,267.50. Following the transaction, the executive vice president now owns 8,558 shares in the company, valued at approximately $542,320.46. The trade was a 24.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,715 shares of company stock worth $299,172 over the last quarter. 55.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

Republic Bancorp Trading Up 0.3 %

RBCAA traded up $0.22 during mid-day trading on Thursday, hitting $76.65. The stock had a trading volume of 20,040 shares, compared to its average volume of 17,660. Republic Bancorp, Inc. has a 1-year low of $46.55 and a 1-year high of $79.75. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 14.53 and a beta of 0.51. 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 stock's fifty day simple moving average is $66.62 and its 200-day simple moving average is $59.73.

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

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.