Republic Bancorp, Inc. (NASDAQ:RBCAA) Stock Holdings Lessened by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its stake in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 6.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,823 shares of the bank’s stock after selling 506 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Republic Bancorp were worth $446,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of RBCAA. Innealta Capital LLC acquired a new stake in Republic Bancorp during the 2nd quarter valued at $67,000. Acadian Asset Management LLC acquired a new stake in Republic Bancorp during the 2nd quarter valued at $87,000. Independence Bank of Kentucky raised its stake in Republic Bancorp by 4,133.3% during the 2nd quarter. Independence Bank of Kentucky now owns 3,175 shares of the bank’s stock valued at $170,000 after purchasing an additional 3,100 shares during the period. SG Americas Securities LLC acquired a new stake in Republic Bancorp during the 3rd quarter valued at $205,000. Finally, SeaCrest Wealth Management LLC acquired a new stake in Republic Bancorp during the 3rd quarter valued at $208,000. Institutional investors own 24.37% of the company’s stock.

Republic Bancorp Trading Down 0.0 %

Shares of NASDAQ:RBCAA opened at $67.49 on Friday. The stock has a market capitalization of $1.31 billion, a PE ratio of 12.83 and a beta of 0.51. 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, Inc. has a 1 year low of $45.17 and a 1 year high of $70.61. The firm has a fifty day moving average price of $64.91 and a 200 day moving average price of $58.33.

Republic Bancorp (NASDAQ:RBCAA) last released its earnings results on Friday, October 18th. The bank reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.21 by $0.16. The firm had revenue of $118.36 million during the quarter. Republic Bancorp had a net margin of 20.65% and a return on equity of 10.92%.

Insider Activity at Republic Bancorp

In other news, EVP Christy Ames sold 1,715 shares of Republic Bancorp stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $63.72, for a total transaction of $109,279.80. Following the sale, the executive vice president now owns 4,240 shares of the company’s stock, valued at approximately $270,172.80. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Republic Bancorp news, EVP Christy Ames sold 1,715 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $63.72, for a total value of $109,279.80. Following the sale, the executive vice president now owns 4,240 shares of the company’s stock, valued at $270,172.80. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Juan Montano sold 2,750 shares of the business’s stock in a transaction on Wednesday, August 28th. The shares were sold at an average price of $63.37, for a total transaction of $174,267.50. Following the completion of the sale, the executive vice president now directly owns 8,558 shares in the company, valued at $542,320.46. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,715 shares of company stock worth $299,172. Company insiders own 55.50% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Hovde Group boosted their price target on shares of Republic Bancorp from $68.00 to $78.00 and gave the company an “outperform” rating in a report on Friday, October 18th.

About Republic Bancorp

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.