Wealth Dimensions Group Ltd. Invests $757,000 in Republic Bancorp, Inc. (NASDAQ:RBCAA)

Wealth Dimensions Group Ltd. acquired a new position in Republic Bancorp, Inc. (NASDAQ:RBCAA - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 11,865 shares of the bank's stock, valued at approximately $757,000. Wealth Dimensions Group Ltd. owned about 0.06% of Republic Bancorp as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new position in shares of Republic Bancorp in the fourth quarter worth approximately $70,000. Tower Research Capital LLC TRC boosted its position in shares of Republic Bancorp by 206.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the bank's stock worth $77,000 after purchasing an additional 742 shares in the last quarter. Bessemer Group Inc. acquired a new stake in shares of Republic Bancorp during the 1st quarter worth about $128,000. Sei Investments Co. purchased a new stake in shares of Republic Bancorp during the fourth quarter valued at approximately $208,000. Finally, Lazard Asset Management LLC boosted its holdings in Republic Bancorp by 41.7% in the fourth quarter. Lazard Asset Management LLC now owns 3,271 shares of the bank's stock worth $228,000 after purchasing an additional 962 shares during the period. Institutional investors own 24.37% of the company's stock.

Analysts Set New Price Targets

RBCAA has been the topic of a number of recent analyst reports. Raymond James Financial started coverage on Republic Bancorp in a report on Friday, June 27th. They set a "market perform" rating on the stock. Hovde Group raised their target price on Republic Bancorp from $64.00 to $69.00 and gave the stock a "market perform" rating in a report on Friday, April 25th.

Insider Transactions at Republic Bancorp

In other Republic Bancorp news, EVP Christy Ames sold 700 shares of Republic Bancorp stock in a transaction on Monday, June 9th. The stock was sold at an average price of $70.50, for a total transaction of $49,350.00. Following the completion of the transaction, the executive vice president owned 5,044 shares in the company, valued at approximately $355,602. The trade was a 12.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 56.40% of the stock is currently owned by insiders.

Republic Bancorp Stock Down 0.9%

NASDAQ RBCAA traded down $0.70 during trading hours on Monday, reaching $74.98. 37,379 shares of the company traded hands, compared to its average volume of 29,518. The stock has a market capitalization of $1.46 billion, a PE ratio of 11.86 and a beta of 0.52. Republic Bancorp, Inc. has a 12 month low of $54.88 and a 12 month high of $80.68. The company has a 50 day moving average of $72.00 and a two-hundred day moving average of $68.06. The company has a current ratio of 1.10, a quick ratio of 1.09 and a debt-to-equity ratio of 0.36.

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

Republic Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, September 19th will be issued a $0.451 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a $1.80 annualized dividend and a dividend yield of 2.41%. Republic Bancorp's payout ratio is currently 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.