Dimensional Fund Advisors LP Grows Holdings in Republic Bancorp, Inc. (NASDAQ:RBCAA)

Dimensional Fund Advisors LP increased its position in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA - Free Report) by 0.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 952,102 shares of the bank's stock after acquiring an additional 8,382 shares during the period. Dimensional Fund Advisors LP owned about 3.51% of Republic Bancorp worth $51,040,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of RBCAA. Innealta Capital LLC acquired a new position in Republic Bancorp during the 2nd quarter worth about $67,000. Acadian Asset Management LLC acquired a new position in shares of Republic Bancorp in the 2nd quarter valued at about $87,000. Independence Bank of Kentucky lifted its stake in shares of Republic Bancorp by 4,133.3% in the 2nd quarter. Independence Bank of Kentucky now owns 3,175 shares of the bank's stock valued at $170,000 after purchasing an additional 3,100 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Republic Bancorp by 82.7% in the 1st quarter. BNP Paribas Financial Markets now owns 4,258 shares of the bank's stock valued at $217,000 after purchasing an additional 1,927 shares during the period. Finally, RPS Advisory Solutions LLC acquired a new position in shares of Republic Bancorp in the 2nd quarter valued at about $226,000. Institutional investors own 24.37% of the company's stock.

Republic Bancorp Stock Up 1.6 %

RBCAA stock traded up $1.05 during trading on Monday, reaching $65.30. 25,194 shares of the stock were exchanged, compared to its average volume of 17,672. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39. The firm's 50 day moving average is $62.58 and its 200 day moving average is $55.44. The firm has a market cap of $1.77 billion, a P/E ratio of 13.69 and a beta of 0.52. Republic Bancorp, Inc. has a twelve month low of $42.42 and a twelve month high of $69.00.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last posted its earnings results on Friday, July 19th. The bank reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). Republic Bancorp had a return on equity of 10.50% and a net margin of 20.41%. The company had revenue of $116.05 million for the quarter.

Republic Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, September 20th will be paid a $0.407 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.63 dividend on an annualized basis and a yield of 2.49%. Republic Bancorp's dividend payout ratio is presently 34.03%.

Insider Activity at Republic Bancorp

In other Republic Bancorp news, Director David P. Feaster sold 789 shares of Republic Bancorp stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $65.91, for a total transaction of $52,002.99. Following the sale, the director now directly owns 5,487 shares of the company's stock, valued at approximately $361,648.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director David P. Feaster sold 789 shares of the business's stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $65.91, for a total value of $52,002.99. Following the sale, the director now directly owns 5,487 shares of the company's stock, valued at approximately $361,648.17. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Pedro A. Bryant sold 2,500 shares of the company's stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $65.61, for a total value of $164,025.00. Following the completion of the transaction, the executive vice president now directly owns 1,425 shares in the company, valued at $93,494.25. The disclosure for this sale can be found here. Insiders have sold a total of 18,078 shares of company stock valued at $1,170,715 over the last 90 days. 55.50% of the stock is owned by insiders.

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.