Barclays PLC Acquires 9,830 Shares of Republic Bancorp, Inc. (NASDAQ:RBCAA)

Barclays PLC lifted its position in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 338.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,736 shares of the bank’s stock after buying an additional 9,830 shares during the period. Barclays PLC owned about 0.07% of Republic Bancorp worth $831,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Hohimer Wealth Management LLC bought a new position in shares of Republic Bancorp in the third quarter worth approximately $227,000. Geode Capital Management LLC lifted its stake in shares of Republic Bancorp by 4.5% in the third quarter. Geode Capital Management LLC now owns 219,628 shares of the bank’s stock worth $14,345,000 after buying an additional 9,430 shares in the last quarter. State Street Corp lifted its stake in shares of Republic Bancorp by 2.2% in the third quarter. State Street Corp now owns 210,298 shares of the bank’s stock worth $13,816,000 after buying an additional 4,429 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in shares of Republic Bancorp in the third quarter worth approximately $224,000. Finally, Cerity Partners LLC lifted its stake in shares of Republic Bancorp by 1.4% in the third quarter. Cerity Partners LLC now owns 12,501 shares of the bank’s stock worth $816,000 after buying an additional 167 shares in the last quarter. Institutional investors own 24.37% of the company’s stock.

Insider Activity

In other Republic Bancorp news, Director Heather V. Howell sold 1,496 shares of the company’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $75.63, for a total transaction of $113,142.48. Following the completion of the sale, the director now directly owns 7,491 shares of the company’s stock, valued at approximately $566,544.33. This represents a 16.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 55.50% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Republic Bancorp Stock Up 1.5 %

RBCAA opened at $68.02 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.38. The firm has a 50 day moving average price of $73.47 and a 200-day moving average price of $66.37. Republic Bancorp, Inc. has a twelve month low of $46.55 and a twelve month high of $80.68. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 12.93 and a beta of 0.56.

Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings data on Friday, October 18th. The bank reported $1.37 earnings per share for the quarter, beating the consensus estimate of $1.21 by $0.16. Republic Bancorp had a net margin of 20.65% and a return on equity of 10.79%. The firm had revenue of $118.36 million during the quarter.

Republic Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 20th will be issued a dividend of $0.407 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.63 annualized dividend and a dividend yield of 2.39%. Republic Bancorp’s payout ratio is 30.80%.

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.