Kovitz Investment Group Partners LLC Acquires Shares of 5,278 Republic Bancorp, Inc. (NASDAQ:RBCAA)

Kovitz Investment Group Partners LLC acquired a new position in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,278 shares of the bank's stock, valued at approximately $369,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RBCAA. Price T Rowe Associates Inc. MD purchased a new position in shares of Republic Bancorp during the 4th quarter worth approximately $232,000. Tower Research Capital LLC TRC raised its position in shares of Republic Bancorp by 206.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the bank's stock valued at $77,000 after buying an additional 742 shares during the last quarter. MetLife Investment Management LLC lifted its stake in Republic Bancorp by 12.1% in the fourth quarter. MetLife Investment Management LLC now owns 5,008 shares of the bank's stock worth $350,000 after acquiring an additional 539 shares during the last quarter. Barclays PLC increased its stake in shares of Republic Bancorp by 12.2% during the fourth quarter. Barclays PLC now owns 14,284 shares of the bank's stock worth $998,000 after acquiring an additional 1,548 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Republic Bancorp by 3.4% during the 4th quarter. Invesco Ltd. now owns 16,889 shares of the bank's stock valued at $1,180,000 after acquiring an additional 560 shares during the last quarter. Hedge funds and other institutional investors own 24.37% of the company's stock.

Republic Bancorp Stock Performance

Shares of Republic Bancorp stock traded up $0.38 during trading hours on Thursday, reaching $71.27. The company had a trading volume of 2,882 shares, compared to its average volume of 21,021. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.12 and a quick ratio of 1.11. Republic Bancorp, Inc. has a one year low of $48.67 and a one year high of $80.68. The business has a fifty day simple moving average of $64.92 and a 200 day simple moving average of $68.58. The firm has a market cap of $1.39 billion, a PE ratio of 13.63 and a beta of 0.51.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The bank reported $2.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.56. The company had revenue of $135.84 million for the quarter, compared to analyst estimates of $126.90 million. Republic Bancorp had a net margin of 20.05% and a return on equity of 10.60%.

Analysts Set New Price Targets

Separately, Hovde Group lifted their price target on 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 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.