American Century Companies Inc. Has $13.40 Million Stake in Republic Bancorp, Inc. $RBCAA

Key Points

• American Century Companies Inc. increased its holdings in Republic Bancorp by 12.8%, owning approximately 1.08% of the company with a total value of $13.40 million as of the latest filing.
• The company reported a quarterly EPS of $1.61, beating the consensus estimate of $1.42, along with a net margin of 23.98% and a return on equity of 12.23%.
• Republic Bancorp recently announced a quarterly dividend of $0.451 per share, with an ex-dividend date of September 19th and an annualized yield of 2.4%.

American Century Companies Inc. boosted its position in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA - Free Report) by 12.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 210,003 shares of the bank's stock after acquiring an additional 23,886 shares during the period. American Century Companies Inc. owned 1.08% of Republic Bancorp worth $13,402,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in RBCAA. Vanguard Group Inc. increased its holdings in shares of Republic Bancorp by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 575,166 shares of the bank's stock worth $36,707,000 after purchasing an additional 60,300 shares during the period. Cary Street Partners Financial LLC bought a new position in shares of Republic Bancorp during the 4th quarter worth about $2,931,000. Nuveen LLC bought a new position in shares of Republic Bancorp during the 1st quarter worth about $1,380,000. Wealth Dimensions Group Ltd. bought a new position in shares of Republic Bancorp during the 1st quarter worth about $757,000. Finally, Inspire Advisors LLC increased its holdings in shares of Republic Bancorp by 33.0% during the 1st quarter. Inspire Advisors LLC now owns 39,278 shares of the bank's stock worth $2,507,000 after purchasing an additional 9,741 shares during the period. Institutional investors own 24.37% of the company's stock.

Insider Activity

In other news, EVP Christy Ames sold 700 shares of the company's stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $70.50, for a total transaction of $49,350.00. Following the transaction, the executive vice president directly owned 5,044 shares in the company, valued at approximately $355,602. This represents a 12.19% 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. Insiders own 56.40% of the company's stock.

Analysts Set New Price Targets

Separately, Raymond James Financial began coverage on shares of Republic Bancorp in a report on Friday, June 27th. They set a "market perform" rating on the stock. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $69.00.

Republic Bancorp Price Performance

Republic Bancorp stock traded down $0.04 during trading hours on Thursday, hitting $76.98. 17,368 shares of the stock were exchanged, compared to its average volume of 25,458. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.07 and a current ratio of 1.08. The stock has a market capitalization of $1.50 billion, a P/E ratio of 12.07 and a beta of 0.56. Republic Bancorp, Inc. has a 12 month low of $56.79 and a 12 month high of $80.68. The business's 50-day moving average is $72.93 and its two-hundred day moving average is $69.06.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last issued its quarterly earnings data on Friday, July 18th. The bank reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.42 by $0.19. The firm had revenue of $93.00 million for the quarter, compared to analysts' expectations of $93.50 million. Republic Bancorp had a net margin of 23.98% and a return on equity of 12.23%.

Republic Bancorp Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, September 19th will be given a dividend of $0.451 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Friday, September 19th. Republic Bancorp's dividend payout ratio is presently 28.21%.

Republic Bancorp Company 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.