Republic Bancorp, Inc. KY (RBCAA) Stake Reduced by Stadium Capital Management LLC

Stadium Capital Management LLC lowered its position in Republic Bancorp, Inc. KY (NASDAQ:RBCAA) by 27.8% during the first quarter, Holdings Channel reports. The firm owned 112,604 shares of the bank’s stock after selling 43,326 shares during the period. Republic Bancorp, Inc. KY accounts for 1.5% of Stadium Capital Management LLC’s portfolio, making the stock its 6th largest position. Stadium Capital Management LLC owned about 0.54% of Republic Bancorp, Inc. KY worth $3,872,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of RBCAA. Russell Investments Group Ltd. acquired a new stake in Republic Bancorp, Inc. KY during the fourth quarter worth approximately $130,000. American International Group Inc. raised its stake in Republic Bancorp, Inc. KY by 7.1% in the first quarter. American International Group Inc. now owns 5,947 shares of the bank’s stock worth $205,000 after buying an additional 392 shares in the last quarter. TFS Capital LLC raised its stake in Republic Bancorp, Inc. KY by 46.1% in the first quarter. TFS Capital LLC now owns 7,599 shares of the bank’s stock worth $261,000 after buying an additional 2,398 shares in the last quarter. KBC Group NV raised its stake in Republic Bancorp, Inc. KY by 98.3% in the first quarter. KBC Group NV now owns 7,914 shares of the bank’s stock worth $272,000 after buying an additional 3,924 shares in the last quarter. Finally, Two Sigma Investments LP acquired a new stake in Republic Bancorp, Inc. KY during the fourth quarter worth approximately $292,000. Hedge funds and other institutional investors own 24.80% of the company’s stock.

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

Shares of Republic Bancorp, Inc. KY (NASDAQ RBCAA) traded down 0.71% during midday trading on Monday, reaching $34.88. The company had a trading volume of 15,470 shares. Republic Bancorp, Inc. KY has a 12-month low of $26.31 and a 12-month high of $40.74. The stock has a market capitalization of $727.53 million, a PE ratio of 15.17 and a beta of 0.60. The stock’s 50 day moving average is $35.22 and its 200-day moving average is $35.93.

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

The company also recently declared a quarterly dividend, which will be paid on Friday, July 21st. Shareholders of record on Friday, June 16th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $0.88 annualized dividend and a yield of 2.52%. This is a positive change from Republic Bancorp, Inc. KY’s previous quarterly dividend of $0.21. Republic Bancorp, Inc. KY’s dividend payout ratio is presently 38.18%.

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A number of equities research analysts recently issued reports on RBCAA shares. Zacks Investment Research lowered Republic Bancorp, Inc. KY from a “buy” rating to a “sell” rating in a research report on Tuesday, March 14th. Hovde Group raised Republic Bancorp, Inc. KY from a “market perform” rating to an “outperform” rating and set a $39.00 target price on the stock in a research report 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.

Want to see what other hedge funds are holding RBCAA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Republic Bancorp, Inc. KY (NASDAQ:RBCAA).

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