Jane Street Group LLC Sells 1,996 Shares of Republic Bancorp, Inc. (NASDAQ:RBCAA)

Jane Street Group LLC lowered its stake in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 30.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 4,570 shares of the bank’s stock after selling 1,996 shares during the quarter. Jane Street Group LLC’s holdings in Republic Bancorp were worth $298,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RBCAA. Dimensional Fund Advisors LP raised its holdings in shares of Republic Bancorp by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 952,102 shares of the bank’s stock valued at $51,040,000 after acquiring an additional 8,382 shares in the last quarter. State Street Corp raised its holdings in shares of Republic Bancorp by 2.2% during the third quarter. State Street Corp now owns 210,298 shares of the bank’s stock valued at $13,816,000 after acquiring an additional 4,429 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Republic Bancorp by 17.0% during the second quarter. American Century Companies Inc. now owns 146,090 shares of the bank’s stock valued at $7,832,000 after acquiring an additional 21,261 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Republic Bancorp by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 100,794 shares of the bank’s stock valued at $6,582,000 after acquiring an additional 2,098 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Republic Bancorp by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 76,927 shares of the bank’s stock valued at $4,124,000 after acquiring an additional 1,226 shares in the last quarter. Institutional investors own 24.37% of the company’s stock.

Republic Bancorp Trading Down 2.8 %

Republic Bancorp stock opened at $64.80 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.12 and a quick ratio of 1.11. Republic Bancorp, Inc. has a one year low of $46.55 and a one year high of $80.68. The stock has a market capitalization of $1.26 billion, a PE ratio of 12.32 and a beta of 0.56. The business’s fifty day moving average is $73.51 and its 200 day moving average is $65.95.

Republic Bancorp (NASDAQ:RBCAA) last posted its earnings results on Friday, October 18th. The bank reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.16. Republic Bancorp had a return on equity of 10.79% and a net margin of 20.65%. The company had revenue of $118.36 million for the quarter.

Republic Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 20th will be issued a $0.407 dividend. This represents a $1.63 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date is Friday, December 20th. Republic Bancorp’s dividend payout ratio is 30.80%.

Insider Buying and Selling at Republic Bancorp

In other news, Director Heather V. Howell sold 1,496 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $75.63, for a total value of $113,142.48. Following the transaction, the director now owns 7,491 shares of the company’s stock, valued at $566,544.33. This trade represents a 16.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 55.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Hovde Group cut Republic Bancorp from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $78.00 to $80.00 in a research note on Wednesday, November 13th.

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.