American Century Companies Inc. Purchases 21,261 Shares of Republic Bancorp, Inc. (NASDAQ:RBCAA)

American Century Companies Inc. raised its position in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) by 17.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 146,090 shares of the bank’s stock after acquiring an additional 21,261 shares during the quarter. American Century Companies Inc. owned about 0.54% of Republic Bancorp worth $7,832,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Innealta Capital LLC bought a new position in shares of Republic Bancorp during the 2nd quarter worth about $67,000. Acadian Asset Management LLC acquired a new stake in Republic Bancorp in the second quarter valued at approximately $87,000. Independence Bank of Kentucky increased its holdings in shares of Republic Bancorp by 4,133.3% during the second quarter. Independence Bank of Kentucky now owns 3,175 shares of the bank’s stock valued at $170,000 after acquiring an additional 3,100 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Republic Bancorp by 82.7% during the first quarter. BNP Paribas Financial Markets now owns 4,258 shares of the bank’s stock worth $217,000 after purchasing an additional 1,927 shares during the period. Finally, RPS Advisory Solutions LLC bought a new position in shares of Republic Bancorp in the second quarter valued at $226,000. 24.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Republic Bancorp news, Director David P. Feaster sold 789 shares of the firm’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $65.91, for a total value of $52,002.99. Following the completion of the sale, the director now directly owns 5,487 shares of the company’s stock, valued at $361,648.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO Kevin D. Sipes sold 10,074 shares of the firm’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $65.07, for a total value of $655,515.18. Following the completion of the transaction, the chief financial officer now directly owns 70,086 shares of the company’s stock, valued at $4,560,496.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David P. Feaster sold 789 shares of the business’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $65.91, for a total value of $52,002.99. Following the sale, the director now owns 5,487 shares in the company, valued at $361,648.17. The disclosure for this sale can be found here. Insiders sold 18,078 shares of company stock valued at $1,170,715 in the last three months. Company insiders own 55.50% of the company’s stock.

Republic Bancorp Stock Down 0.4 %

Shares of NASDAQ:RBCAA opened at $65.09 on Tuesday. The business’s 50 day moving average is $62.43 and its 200 day moving average is $55.04. Republic Bancorp, Inc. has a 12-month low of $42.42 and a 12-month high of $69.00. The stock has a market cap of $1.77 billion, a price-to-earnings ratio of 13.67 and a beta of 0.52. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.39.

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

Republic Bancorp Dividend Announcement

The business also recently announced 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. This represents a $1.63 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date of this dividend is Friday, September 20th. Republic Bancorp’s payout ratio is 34.03%.

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.