Barclays PLC raised its holdings in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA - Free Report) by 338.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,736 shares of the bank's stock after acquiring an additional 9,830 shares during the period. Barclays PLC owned approximately 0.07% of Republic Bancorp worth $831,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of Republic Bancorp by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 952,102 shares of the bank's stock worth $51,040,000 after acquiring an additional 8,382 shares during the period. State Street Corp lifted its position in Republic Bancorp by 2.2% in the third quarter. State Street Corp now owns 210,298 shares of the bank's stock worth $13,816,000 after purchasing an additional 4,429 shares during the period. American Century Companies Inc. boosted its stake in Republic Bancorp by 17.0% during the 2nd quarter. American Century Companies Inc. now owns 146,090 shares of the bank's stock valued at $7,832,000 after purchasing an additional 21,261 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Republic Bancorp by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 100,794 shares of the bank's stock valued at $6,582,000 after purchasing an additional 2,098 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Republic Bancorp by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 76,927 shares of the bank's stock valued at $4,124,000 after purchasing an additional 1,226 shares during the period. Institutional investors and hedge funds own 24.37% of the company's stock.
Republic Bancorp Stock Down 0.4 %
Republic Bancorp stock traded down $0.25 during mid-day trading on Wednesday, hitting $69.87. The company's stock had a trading volume of 14,047 shares, compared to its average volume of 17,665. Republic Bancorp, Inc. has a 52-week low of $46.55 and a 52-week high of $80.68. The company has a market cap of $1.36 billion, a PE ratio of 13.28 and a beta of 0.54. 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 $73.65 and its 200 day moving average is $65.24.
Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last announced its quarterly earnings data on Friday, October 18th. The bank reported $1.37 EPS for the quarter, beating analysts' consensus estimates of $1.21 by $0.16. Republic Bancorp had a net margin of 20.65% and a return on equity of 10.79%. The firm had revenue of $118.36 million for the quarter.
Republic Bancorp Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Friday, December 20th will be paid a $0.407 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.63 annualized dividend and a dividend yield of 2.33%. Republic Bancorp's payout ratio is 30.80%.
Analyst Ratings Changes
Separately, Hovde Group lowered shares of Republic Bancorp from an "outperform" rating to a "market perform" rating and raised their price objective for the company from $78.00 to $80.00 in a research report on Wednesday, November 13th.
View Our Latest Stock Analysis on Republic Bancorp
Insider Activity at Republic Bancorp
In other Republic Bancorp news, Director Heather V. Howell sold 1,496 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $75.63, for a total transaction of $113,142.48. Following the transaction, the director now directly owns 7,491 shares of the company's stock, valued at $566,544.33. This represents a 16.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 55.50% of the stock is currently owned by company insiders.
Republic Bancorp Profile
(
Free Report)
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.
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