Kovitz Investment Group Partners LLC acquired a new stake in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 5,278 shares of the bank's stock, valued at approximately $369,000.
A number of other institutional investors and hedge funds have also bought and sold shares of RBCAA. New York State Teachers Retirement System boosted its stake in shares of Republic Bancorp by 659.0% in the 4th quarter. New York State Teachers Retirement System now owns 759 shares of the bank's stock valued at $53,000 after purchasing an additional 659 shares during the last quarter. Tower Research Capital LLC TRC lifted 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 valued at $77,000 after acquiring an additional 742 shares during the period. Sei Investments Co. bought a new stake in Republic Bancorp in the fourth quarter valued at $208,000. Price T Rowe Associates Inc. MD acquired a new position in shares of Republic Bancorp during the fourth quarter valued at about $232,000. Finally, SG Americas Securities LLC boosted its position in shares of 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 in the last quarter. Institutional investors and hedge funds own 24.37% of the company's stock.
Analyst Upgrades and Downgrades
Separately, Hovde Group raised their price objective on Republic Bancorp from $64.00 to $69.00 and gave the company a "market perform" rating in a research note on Friday, April 25th.
Read Our Latest Research Report on Republic Bancorp
Republic Bancorp Stock Up 0.5 %
RBCAA traded up $0.34 during midday trading on Monday, reaching $70.31. 25,256 shares of the company were exchanged, compared to its average volume of 21,058. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 13.44 and a beta of 0.51. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.12. Republic Bancorp, Inc. has a one year low of $48.67 and a one year high of $80.68. The company's fifty day moving average price is $64.73 and its 200 day moving average price is $68.54.
Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The bank reported $2.42 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%.
About Republic Bancorp
(
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.
Read More
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
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
