Republic Bancorp, Inc. $RBCAA Position Lowered by First Trust Advisors LP

First Trust Advisors LP trimmed its position in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 52.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 23,812 shares of the bank’s stock after selling 26,501 shares during the period. First Trust Advisors LP owned 0.12% of Republic Bancorp worth $1,680,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quarry LP bought a new position in Republic Bancorp during the 3rd quarter worth approximately $27,000. Russell Investments Group Ltd. increased its holdings in shares of Republic Bancorp by 2,561.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 825 shares of the bank’s stock valued at $60,000 after acquiring an additional 794 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in shares of Republic Bancorp by 541.2% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,757 shares of the bank’s stock valued at $121,000 after acquiring an additional 1,483 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Republic Bancorp during the 2nd quarter valued at approximately $121,000. Finally, BNP Paribas Financial Markets raised its position in shares of Republic Bancorp by 46.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,887 shares of the bank’s stock valued at $138,000 after acquiring an additional 598 shares in the last quarter. 24.37% of the stock is owned by institutional investors.

Insider Buying and Selling at Republic Bancorp

In other news, EVP Anthony T. Powell sold 3,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $83.54, for a total transaction of $250,620.00. Following the completion of the transaction, the executive vice president owned 24,691 shares of the company’s stock, valued at approximately $2,062,686.14. The trade was a 10.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Christy Ames sold 340 shares of the company’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $87.90, for a total transaction of $29,886.00. Following the transaction, the executive vice president owned 6,145 shares of the company’s stock, valued at $540,145.50. This represents a 5.24% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 55.90% of the company’s stock.

Republic Bancorp Stock Down 0.4%

Shares of Republic Bancorp stock opened at $99.19 on Friday. The stock has a market capitalization of $1.95 billion, a price-to-earnings ratio of 15.14 and a beta of 0.55. Republic Bancorp, Inc. has a twelve month low of $63.97 and a twelve month high of $102.22. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.32. The business’s 50 day simple moving average is $90.23 and its 200-day simple moving average is $79.01.

Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings data on Friday, July 24th. The bank reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.13. The business had revenue of $101.27 million during the quarter, compared to analyst estimates of $97.60 million. Republic Bancorp had a return on equity of 11.32% and a net margin of 25.38%. Equities research analysts forecast that Republic Bancorp, Inc. will post 6.65 earnings per share for the current year.

Republic Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, September 18th will be paid a $0.495 dividend. This represents a $1.98 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, September 18th. Republic Bancorp’s dividend payout ratio (DPR) is presently 30.23%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on RBCAA shares. Weiss Ratings restated a “buy (b)” rating on shares of Republic Bancorp in a research note on Tuesday, June 9th. Wall Street Zen upgraded shares of Republic Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Zacks Research upgraded shares of Republic Bancorp to a “hold” rating in a research report on Monday, July 13th. Finally, Hovde Group lifted their price target on shares of Republic Bancorp from $80.00 to $98.00 and gave the company a “market perform” rating in a report on Monday, July 27th. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $98.00.

Republic Bancorp Profile

Republic Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, that operates through its principal subsidiary, Republic Bank & Trust Company. The company provides a full suite of commercial and retail banking services tailored to individuals, small businesses and middle?market clients. Core offerings include deposit accounts, consumer and commercial lending, treasury and cash-management services, mortgage financing, SBA lending and wealth management solutions. Republic Bancorp also supports specialized financing needs through equipment leasing and small business advisory services.

Republic Bancorp’s branch network spans key markets in the U.S.