Northern Trust Corp Raises Stake in Republic Bancorp, Inc. (NASDAQ:RBCAA)

Northern Trust Corp lifted its stake in Republic Bancorp, Inc. (NASDAQ:RBCAA - Free Report) by 4.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,367 shares of the bank's stock after acquiring an additional 3,512 shares during the period. Northern Trust Corp owned 0.44% of Republic Bancorp worth $5,965,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Republic Bancorp during the 4th quarter worth approximately $1,803,000. American Century Companies Inc. lifted its stake 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. JPMorgan Chase & Co. boosted its holdings in shares of Republic Bancorp by 119.8% in the 4th quarter. JPMorgan Chase & Co. now owns 36,567 shares of the bank's stock valued at $2,555,000 after acquiring an additional 19,932 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Republic Bancorp by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 514,866 shares of the bank's stock worth $35,974,000 after acquiring an additional 19,756 shares during the period. Finally, Allworth Financial LP increased its stake in shares of Republic Bancorp by 3,326.8% in the fourth quarter. Allworth Financial LP now owns 11,137 shares of the bank's stock worth $756,000 after acquiring an additional 10,812 shares during the period. Institutional investors own 24.37% of the company's stock.

Republic Bancorp Price Performance

NASDAQ RBCAA traded down $0.55 on Monday, hitting $69.87. The company had a trading volume of 16,957 shares, compared to its average volume of 21,599. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.12 and a quick ratio of 1.11. The company's fifty day moving average price is $66.74 and its 200-day moving average price is $68.82. The company has a market capitalization 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.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The bank reported $2.42 earnings per share 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%.

Republic Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Shareholders of record on Friday, June 20th will be given a $0.451 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Friday, June 20th. Republic Bancorp's payout ratio is 29.65%.

Analyst Upgrades and Downgrades

Separately, Hovde Group upped their price target on shares of Republic Bancorp from $64.00 to $69.00 and gave the company a "market perform" rating in a report 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.