Glenview Trust Co Has $593,000 Stake in Republic Bancorp, Inc. KY (RBCAA)

Glenview Trust Co increased its stake in Republic Bancorp, Inc. KY (NASDAQ:RBCAA) by 1.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,248 shares of the bank’s stock after buying an additional 300 shares during the period. Glenview Trust Co owned approximately 0.08% of Republic Bancorp, Inc. KY worth $593,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Menta Capital LLC acquired a new stake in Republic Bancorp, Inc. KY during the fourth quarter valued at about $362,000. Renaissance Technologies LLC raised its stake in Republic Bancorp, Inc. KY by 57.1% in the fourth quarter. Renaissance Technologies LLC now owns 82,800 shares of the bank’s stock valued at $3,274,000 after buying an additional 30,100 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Republic Bancorp, Inc. KY during the fourth quarter valued at about $348,000. Federated Investors Inc. PA raised its stake in Republic Bancorp, Inc. KY by 361.4% in the fourth quarter. Federated Investors Inc. PA now owns 49,656 shares of the bank’s stock valued at $1,963,000 after buying an additional 38,895 shares in the last quarter. Finally, Martingale Asset Management L P raised its stake in Republic Bancorp, Inc. KY by 123.5% in the fourth quarter. Martingale Asset Management L P now owns 28,602 shares of the bank’s stock valued at $1,131,000 after buying an additional 15,802 shares in the last quarter. Institutional investors and hedge funds own 24.80% of the company’s stock.

Institutional Ownership by Quarter for Republic Bancorp, Inc. KY (NASDAQ:RBCAA)

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) traded down 1.22% during mid-day trading on Friday, reaching $34.03. The company’s stock had a trading volume of 33,316 shares. Republic Bancorp, Inc. KY has a 52-week low of $26.31 and a 52-week high of $40.74. The company has a market cap of $709.63 million, a price-to-earnings ratio of 15.53 and a beta of 0.60. The firm has a 50 day moving average price of $34.82 and a 200 day moving average price of $35.79.

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last announced its earnings results on Thursday, April 20th. The bank reported $0.96 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by $0.02. Republic Bancorp, Inc. KY had a return on equity of 7.71% and a net margin of 19.83%. The business had revenue of $81.36 million during the quarter. Equities research analysts anticipate that Republic Bancorp, Inc. KY will post $2.31 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Friday, June 16th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date of this dividend is Wednesday, June 14th. This is an increase from Republic Bancorp, Inc. KY’s previous quarterly dividend of $0.21. Republic Bancorp, Inc. KY’s payout ratio is presently 38.18%.

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Several research firms have issued reports on RBCAA. Zacks Investment Research lowered Republic Bancorp, Inc. KY from a “buy” rating to a “sell” rating in a research note on Tuesday, March 14th. Hovde Group upgraded Republic Bancorp, Inc. KY from a “market perform” rating to an “outperform” rating and set a $39.00 price objective on the stock in a research note on Wednesday, March 29th.

Republic Bancorp, Inc. KY Company Profile

Republic Bancorp, Inc 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. The Company operates through four segments: Traditional Banking, which provides traditional banking products to customers; Warehouse Lending (Warehouse), which provides short-term, revolving credit facilities to mortgage bankers across the United States through mortgage warehouse lines of credit; 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.

12 Month Chart for NASDAQ:RBCAA

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