MCF Advisors LLC Takes $257,000 Position in Republic Bancorp, Inc. (NASDAQ:RBCAA)

MCF Advisors LLC bought a new stake in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,000 shares of the bank's stock, valued at approximately $257,000.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Republic Bancorp by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 514,866 shares of the bank's stock valued at $35,974,000 after buying an additional 19,756 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Republic Bancorp by 14.0% during the fourth quarter. American Century Companies Inc. now owns 186,117 shares of the bank's stock valued at $13,004,000 after purchasing an additional 22,818 shares during the last quarter. Bridgeway Capital Management LLC lifted its holdings in shares of Republic Bancorp by 2.8% during the fourth quarter. Bridgeway Capital Management LLC now owns 114,292 shares of the bank's stock valued at $7,986,000 after purchasing an additional 3,105 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Republic Bancorp by 4.3% during the fourth 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. Finally, Cary Street Partners Financial LLC purchased a new stake in shares of Republic Bancorp during the fourth quarter valued at $2,931,000. Institutional investors own 24.37% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Hovde Group upped their target price on Republic Bancorp from $64.00 to $69.00 and gave the company a "market perform" rating in a report on Friday, April 25th. Raymond James Financial assumed coverage on Republic Bancorp in a report on Friday, June 27th. They set a "market perform" rating for the company.

Republic Bancorp Trading Down 0.7%

Shares of NASDAQ RBCAA traded down $0.53 during mid-day trading on Friday, hitting $72.11. 26,376 shares of the company traded hands, compared to its average volume of 61,086. Republic Bancorp, Inc. has a 1 year low of $54.88 and a 1 year high of $80.68. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 11.30 and a beta of 0.52. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The business has a 50 day moving average of $72.01 and a two-hundred day moving average of $68.27.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last announced its quarterly earnings data on Friday, July 18th. The bank reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.42 by $0.19. The firm had revenue of $93.00 million during the quarter, compared to the consensus estimate of $93.50 million. Republic Bancorp had a return on equity of 12.41% and a net margin of 23.98%.

Republic Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, September 19th will be paid a $0.451 dividend. This represents a $1.80 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Friday, September 19th. Republic Bancorp's dividend payout ratio is currently 28.21%.

Insider Transactions at Republic Bancorp

In related news, EVP Christy Ames sold 700 shares of the stock in a transaction dated Monday, June 9th. The stock was 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 directly owned 5,044 shares of the company's stock, valued at approximately $355,602. This represents a 12.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 56.40% of the company's stock.

Republic Bancorp 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.