Jacobs Levy Equity Management Inc. Invests $359,000 in Republic Bancorp, Inc. (NASDAQ:RBCAA)

Jacobs Levy Equity Management Inc. bought a new position in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,136 shares of the bank's stock, valued at approximately $359,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Deutsche Bank AG lifted its holdings in shares of Republic Bancorp by 14.4% during the 4th quarter. Deutsche Bank AG now owns 4,676 shares of the bank's stock worth $327,000 after acquiring an additional 588 shares during the period. Bridgeway Capital Management LLC lifted its holdings in shares of Republic Bancorp by 2.8% during the 4th quarter. Bridgeway Capital Management LLC now owns 114,292 shares of the bank's stock worth $7,986,000 after acquiring an additional 3,105 shares during the period. Cary Street Partners Financial LLC bought a new stake in shares of Republic Bancorp during the 4th quarter worth approximately $2,931,000. Bank of America Corp DE lifted its holdings in shares of Republic Bancorp by 35.1% during the 4th quarter. Bank of America Corp DE now owns 10,146 shares of the bank's stock worth $709,000 after acquiring an additional 2,634 shares during the period. Finally, Northern Trust Corp lifted its stake in Republic Bancorp by 4.3% in the 4th quarter. Northern Trust Corp now owns 85,367 shares of the bank's stock valued at $5,965,000 after purchasing an additional 3,512 shares during the last quarter. Institutional investors own 24.37% of the company's stock.

Republic Bancorp Trading Down 0.8%

Shares of RBCAA stock traded down $0.55 during trading hours on Friday, hitting $69.87. 16,957 shares of the company's stock traded hands, compared to its average volume of 21,588. The stock's 50 day simple moving average is $66.66 and its 200 day simple moving average is $68.96. The stock has a market cap of $1.36 billion, a PE ratio of 13.36 and a beta of 0.51. Republic Bancorp, Inc. has a 12 month low of $48.67 and a 12 month high of $80.68. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.38.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The bank reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.56. The firm had revenue of $135.84 million during 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%.

Republic Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Friday, June 20th will be paid a dividend of $0.451 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, June 20th. Republic Bancorp's payout ratio is currently 29.65%.

Analyst Ratings Changes

Separately, Hovde Group increased their price objective on shares of 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 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.