First Trust Advisors LP boosted its stake in Republic Bancorp Inc. (NASDAQ:RBCAA) by 1.2% during the second quarter, Holdings Channel reports. The firm owned 22,952 shares of the company’s stock after buying an additional 271 shares during the period. First Trust Advisors LP owned about 0.11% of Republic Bancorp worth $634,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the company. Stadium Capital Management LLC boosted its stake in shares of Republic Bancorp by 19.0% in the first quarter. Stadium Capital Management LLC now owns 442,776 shares of the company’s stock valued at $11,437,000 after buying an additional 70,745 shares during the last quarter. AXA boosted its stake in shares of Republic Bancorp by 312.7% in the first quarter. AXA now owns 26,000 shares of the company’s stock valued at $672,000 after buying an additional 19,700 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Republic Bancorp by 40.9% in the first quarter. Renaissance Technologies LLC now owns 47,500 shares of the company’s stock valued at $1,227,000 after buying an additional 13,787 shares during the last quarter. Virginia Retirement System bought a new stake in shares of Republic Bancorp during the first quarter valued at $332,000. Finally, Stock Yards Bank & Trust Co. bought a new stake in shares of Republic Bancorp during the second quarter valued at $221,000. 24.31% of the stock is currently owned by hedge funds and other institutional investors.
Republic Bancorp Inc. (NASDAQ:RBCAA) traded up 0.434% on Monday, hitting $31.265. The stock had a trading volume of 3,932 shares. The firm’s 50 day moving average price is $31.20 and its 200-day moving average price is $28.62. Republic Bancorp Inc. has a 12 month low of $23.00 and a 12 month high of $33.26. The stock has a market cap of $652.25 million, a PE ratio of 16.746 and a beta of 0.72.
Republic Bancorp (NASDAQ:RBCAA) last posted its earnings results on Friday, July 22nd. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.04. Republic Bancorp had a net margin of 18.78% and a return on equity of 6.70%. On average, analysts forecast that Republic Bancorp Inc. will post $2.04 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, September 16th will be paid a $0.209 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Wednesday, September 14th. Republic Bancorp’s dividend payout ratio is presently 44.68%.
Separately, Zacks Investment Research raised Republic Bancorp from a “hold” rating to a “strong-buy” rating and set a $36.00 price objective on the stock in a research note on Tuesday, August 16th.
About Republic Bancorp
Republic Bancorp, Inc (Republic) is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc (the Captive). The Bank is a Kentucky-based, state chartered non-member financial institution. The Captive is an insurance subsidiary of the Company. It operates in four segments: Traditional Banking, which provides traditional banking products primarily to customers; Warehouse Lending (Warehouse), which provides short-term, revolving credit facilities to mortgage bankers across the Nation; Mortgage Banking, which originates, sells and services long-term, single family, first lien residential real estate loans, and Republic Processing Group (RPG), which facilitates the receipt and payment of federal and state tax refund products.
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