Geode Capital Management LLC trimmed its holdings in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 215,642 shares of the bank's stock after selling 3,986 shares during the period. Geode Capital Management LLC owned about 1.11% of Republic Bancorp worth $15,069,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the business. State Street Corp lifted its position in shares of Republic Bancorp by 2.2% during the third quarter. State Street Corp now owns 210,298 shares of the bank's stock worth $13,816,000 after purchasing an additional 4,429 shares in the last quarter. Barclays PLC boosted its holdings in Republic Bancorp by 338.3% in the third quarter. Barclays PLC now owns 12,736 shares of the bank's stock valued at $831,000 after purchasing an additional 9,830 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Republic Bancorp by 10.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,635 shares of the bank's stock valued at $1,086,000 after purchasing an additional 1,515 shares in the last quarter. SG Americas Securities LLC increased its holdings in Republic Bancorp by 22.8% during the 4th quarter. SG Americas Securities LLC now owns 3,851 shares of the bank's stock worth $269,000 after purchasing an additional 714 shares during the last quarter. Finally, Baron Silver Stevens Financial Advisors LLC acquired a new position in shares of Republic Bancorp in the 4th quarter valued at approximately $280,000. 24.37% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other Republic Bancorp news, EVP John T. Rippy sold 3,082 shares of the firm's stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $65.99, for a total value of $203,381.18. Following the transaction, the executive vice president now owns 23,105 shares of the company's stock, valued at $1,524,698.95. This trade represents a 11.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David P. Feaster sold 1,406 shares of Republic Bancorp stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $66.42, for a total value of $93,386.52. Following the completion of the transaction, the director now owns 4,303 shares of the company's stock, valued at approximately $285,805.26. The trade was a 24.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 56.40% of the company's stock.
Analyst Ratings Changes
Separately, Hovde Group raised their price target on shares of Republic Bancorp from $64.00 to $69.00 and gave the stock a "market perform" rating in a research report on Friday.
View Our Latest Research Report on RBCAA
Republic Bancorp Stock Down 1.0 %
Shares of RBCAA traded down $0.71 during midday trading on Friday, hitting $66.92. The company had a trading volume of 3,203 shares, compared to its average volume of 20,833. The stock has a market cap of $1.30 billion, a price-to-earnings ratio of 12.80 and a beta of 0.46. The company's 50 day moving average price is $64.50 and its 200 day moving average price is $68.36. 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, Inc. has a 52 week low of $48.10 and a 52 week high of $80.68.
Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. The bank reported $2.42 EPS for the quarter, topping analysts' consensus estimates of $1.86 by $0.56. Republic Bancorp had a return on equity of 10.60% and a net margin of 20.05%. The business had revenue of $135.84 million during the quarter, compared to the consensus estimate of $126.90 million.
Republic Bancorp Company 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.
Further Reading
Before you consider Republic Bancorp, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Republic Bancorp wasn't on the list.
While Republic Bancorp currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
