Republic Bancorp, Inc. (NASDAQ:RBCAA) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC grew its position in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 22.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,851 shares of the bank’s stock after acquiring an additional 714 shares during the period. SG Americas Securities LLC’s holdings in Republic Bancorp were worth $269,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in RBCAA. Geode Capital Management LLC lifted its holdings in Republic Bancorp by 4.5% in the third quarter. Geode Capital Management LLC now owns 219,628 shares of the bank’s stock valued at $14,345,000 after acquiring an additional 9,430 shares during the period. Barclays PLC increased its holdings in shares of Republic Bancorp by 338.3% in the 3rd quarter. Barclays PLC now owns 12,736 shares of the bank’s stock valued at $831,000 after purchasing an additional 9,830 shares in the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of Republic Bancorp by 50.1% in the third quarter. Los Angeles Capital Management LLC now owns 31,822 shares of the bank’s stock valued at $2,078,000 after purchasing an additional 10,617 shares during the period. JPMorgan Chase & Co. boosted its holdings in Republic Bancorp by 10.0% during the third quarter. JPMorgan Chase & Co. now owns 16,635 shares of the bank’s stock worth $1,086,000 after buying an additional 1,515 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in Republic Bancorp during the third quarter worth about $224,000. 24.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Republic Bancorp

In other news, EVP John T. Rippy sold 3,082 shares of the company’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $65.99, for a total value of $203,381.18. Following the completion of the transaction, the executive vice president now directly owns 23,105 shares in the company, valued at approximately $1,524,698.95. This represents a 11.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David P. Feaster sold 1,406 shares of Republic Bancorp stock in a transaction on Wednesday, January 29th. The stock was sold at an average price of $66.42, for a total transaction of $93,386.52. Following the sale, the director now directly owns 4,303 shares in the company, valued at $285,805.26. This trade represents a 24.63 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,984 shares of company stock valued at $409,910 over the last three months. 56.60% of the stock is owned by company insiders.

Republic Bancorp Stock Performance

Shares of RBCAA stock opened at $66.79 on Thursday. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 12.77 and a beta of 0.54. The company has a 50 day moving average price of $70.66 and a 200 day moving average price of $67.54. Republic Bancorp, Inc. has a one year low of $46.55 and a one year high of $80.68. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.12.

Republic Bancorp (NASDAQ:RBCAA) last announced its quarterly earnings results on Friday, January 24th. The bank reported $0.98 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.22). Republic Bancorp had a return on equity of 10.60% and a net margin of 20.05%.

Republic Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be issued a $0.451 dividend. This is an increase from Republic Bancorp’s previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend is Friday, March 21st. Republic Bancorp’s dividend payout ratio is currently 31.17%.

Analyst Ratings Changes

Separately, Hovde Group cut their price target on Republic Bancorp from $72.00 to $70.00 and set a “market perform” rating for the company in a research note on Monday, January 27th.

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.