UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $730,000 Position in Republic Bancorp, Inc. (NASDAQ:RBCAA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 35.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,175 shares of the bank’s stock after selling 6,063 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.06% of Republic Bancorp worth $730,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in RBCAA. Innealta Capital LLC acquired a new position in Republic Bancorp in the second quarter worth approximately $67,000. Acadian Asset Management LLC bought a new stake in Republic Bancorp in the second quarter worth approximately $87,000. Independence Bank of Kentucky increased its stake in shares of Republic Bancorp by 4,133.3% during the 2nd quarter. Independence Bank of Kentucky now owns 3,175 shares of the bank’s stock worth $170,000 after purchasing an additional 3,100 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Republic Bancorp during the 3rd quarter valued at $205,000. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of Republic Bancorp in the 3rd quarter valued at $208,000. Institutional investors and hedge funds own 24.37% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Republic Bancorp Stock Up 0.5 %

Shares of RBCAA stock opened at $70.83 on Friday. The stock’s 50 day simple moving average is $72.95 and its 200 day simple moving average is $63.85. Republic Bancorp, Inc. has a twelve month low of $46.55 and a twelve month 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. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 13.47 and a beta of 0.54.

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

Republic Bancorp Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 20th will be issued a dividend of $0.407 per share. This represents a $1.63 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Friday, December 20th. Republic Bancorp’s dividend payout ratio (DPR) is 30.80%.

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.