41,946 Shares in Republic Bancorp, Inc. (NASDAQ:RBCAA) Bought by Cary Street Partners Financial LLC

Cary Street Partners Financial LLC purchased a new stake in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 41,946 shares of the bank's stock, valued at approximately $2,931,000. Cary Street Partners Financial LLC owned 0.22% of Republic Bancorp at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. New York State Teachers Retirement System grew its position in shares of Republic Bancorp by 659.0% during the 4th quarter. New York State Teachers Retirement System now owns 759 shares of the bank's stock worth $53,000 after buying an additional 659 shares during the period. Tower Research Capital LLC TRC grew its stake in Republic Bancorp by 206.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the bank's stock valued at $77,000 after buying an additional 742 shares during the last quarter. Sei Investments Co. acquired a new position in shares of Republic Bancorp in the fourth quarter valued at about $208,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Republic Bancorp in the 4th quarter valued at approximately $232,000. Finally, SG Americas Securities LLC lifted its stake in Republic Bancorp by 22.8% in the 4th quarter. SG Americas Securities LLC now owns 3,851 shares of the bank's stock valued at $269,000 after purchasing an additional 714 shares during the last quarter. 24.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Hovde Group lifted their price target on Republic Bancorp from $64.00 to $69.00 and gave the company a "market perform" rating in a research note on Friday, April 25th.

Republic Bancorp Stock Performance

RBCAA stock traded up $2.04 during midday trading on Monday, reaching $73.54. 5,305 shares of the company's stock traded hands, compared to its average volume of 21,099. Republic Bancorp, Inc. has a 52 week low of $48.67 and a 52 week high of $80.68. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.12. The firm has a market capitalization of $1.43 billion, a PE ratio of 14.12 and a beta of 0.51. The company has a 50-day moving average price of $65.11 and a two-hundred day moving average price of $68.65.

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

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.