Acadian Asset Management LLC Buys New Shares in Republic Bancorp, Inc. (NASDAQ:RBCAA)

Acadian Asset Management LLC purchased a new position in Republic Bancorp, Inc. (NASDAQ:RBCAA) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,653 shares of the bank’s stock, valued at approximately $87,000.

Other institutional investors have also bought and sold shares of the company. Dimensional Fund Advisors LP raised its position in shares of Republic Bancorp by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 927,375 shares of the bank’s stock valued at $51,155,000 after buying an additional 15,040 shares during the last quarter. Los Angeles Capital Management LLC increased its holdings in Republic Bancorp by 113.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 21,205 shares of the bank’s stock valued at $1,137,000 after acquiring an additional 11,290 shares during the last quarter. CM Management LLC lifted its stake in Republic Bancorp by 16.7% in the 2nd quarter. CM Management LLC now owns 35,000 shares of the bank’s stock worth $1,876,000 after purchasing an additional 5,000 shares in the last quarter. RPS Advisory Solutions LLC bought a new position in shares of Republic Bancorp during the 2nd quarter valued at about $226,000. Finally, Empowered Funds LLC grew its position in shares of Republic Bancorp by 8.1% during the first quarter. Empowered Funds LLC now owns 56,301 shares of the bank’s stock valued at $2,871,000 after purchasing an additional 4,200 shares in the last quarter. Hedge funds and other institutional investors own 24.37% of the company’s stock.

Insider Transactions at Republic Bancorp

In related news, EVP Christy Ames sold 1,715 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $63.72, for a total value of $109,279.80. Following the completion of the transaction, the executive vice president now owns 4,240 shares of the company’s stock, valued at approximately $270,172.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Republic Bancorp news, CFO Kevin D. Sipes sold 10,074 shares of the business’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $65.07, for a total transaction of $655,515.18. Following the transaction, the chief financial officer now owns 70,086 shares in the company, valued at $4,560,496.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christy Ames sold 1,715 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $63.72, for a total transaction of $109,279.80. Following the completion of the sale, the executive vice president now directly owns 4,240 shares in the company, valued at approximately $270,172.80. The disclosure for this sale can be found here. Insiders have sold a total of 18,078 shares of company stock worth $1,170,715 in the last three months. Insiders own 55.50% of the company’s stock.

Republic Bancorp Price Performance

NASDAQ:RBCAA opened at $65.32 on Friday. The business’s 50-day moving average is $62.30 and its 200 day moving average is $54.89. Republic Bancorp, Inc. has a 12 month low of $42.42 and a 12 month high of $69.00. The company has a market capitalization of $1.27 billion, a P/E ratio of 13.72 and a beta of 0.52. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39.

Republic Bancorp (NASDAQ:RBCAA) last posted its earnings results on Friday, July 19th. The bank reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $1.33 by ($0.03). Republic Bancorp had a net margin of 20.41% and a return on equity of 10.50%. The firm had revenue of $116.05 million for the quarter.

Republic Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, September 20th will be paid a $0.407 dividend. The ex-dividend date is Friday, September 20th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.49%. Republic Bancorp’s payout ratio is currently 34.24%.

Republic Bancorp Company 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.