GAMMA Investing LLC lifted its holdings in Republic Bancorp, Inc. (NASDAQ:RBCAA - Free Report) by 15,400.0% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,425 shares of the bank's stock after purchasing an additional 5,390 shares during the quarter. GAMMA Investing LLC's holdings in Republic Bancorp were worth $346,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of RBCAA. Vanguard Group Inc. grew its holdings in Republic Bancorp by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 514,866 shares of the bank's stock valued at $35,974,000 after purchasing an additional 19,756 shares during the last quarter. American Century Companies Inc. boosted its holdings in Republic Bancorp by 14.0% during the 4th quarter. American Century Companies Inc. now owns 186,117 shares of the bank's stock valued at $13,004,000 after acquiring an additional 22,818 shares during the period. Bridgeway Capital Management LLC grew its position in Republic Bancorp by 2.8% in the 4th quarter. Bridgeway Capital Management LLC now owns 114,292 shares of the bank's stock valued at $7,986,000 after acquiring an additional 3,105 shares during the last quarter. Northern Trust Corp increased its stake in Republic Bancorp by 4.3% in the fourth quarter. Northern Trust Corp now owns 85,367 shares of the bank's stock worth $5,965,000 after purchasing an additional 3,512 shares during the period. Finally, Bank of New York Mellon Corp lifted its position in shares of Republic Bancorp by 2.7% during the fourth quarter. Bank of New York Mellon Corp now owns 72,883 shares of the bank's stock worth $5,092,000 after purchasing an additional 1,932 shares during the last quarter. 24.37% of the stock is owned by hedge funds and other institutional investors.
Republic Bancorp Stock Performance
NASDAQ:RBCAA traded up $2.17 during trading hours on Monday, hitting $70.81. 128,874 shares of the company were exchanged, compared to its average volume of 24,556. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 1.09. Republic Bancorp, Inc. has a 52-week low of $48.85 and a 52-week high of $80.68. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 11.67 and a beta of 0.51. The company's 50 day moving average price is $69.09 and its 200-day moving average price is $67.84.
Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The bank reported $2.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.86 by $0.56. Republic Bancorp had a net margin of 22.94% and a return on equity of 11.92%. The company had revenue of $135.84 million during the quarter, compared to analysts' expectations of $126.90 million.
Republic Bancorp Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Friday, June 20th will be paid a $0.451 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date is Friday, June 20th. Republic Bancorp's dividend payout ratio is presently 29.65%.
Insider Buying and Selling
In other news, EVP Christy Ames sold 700 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $70.50, for a total value of $49,350.00. Following the completion of the sale, the executive vice president now directly owns 5,044 shares in the company, valued at $355,602. This represents a 12.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 56.40% of the stock is currently owned by insiders.
Analyst Ratings Changes
Separately, Hovde Group boosted their price target on Republic Bancorp from $64.00 to $69.00 and gave the company a "market perform" rating in a report on Friday, April 25th.
Read Our Latest Analysis on Republic Bancorp
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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