LSV Asset Management reduced its stake in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA – Free Report) by 31.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 67,900 shares of the bank’s stock after selling 31,600 shares during the period. LSV Asset Management owned about 0.35% of Republic Bancorp worth $3,745,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its position in Republic Bancorp by 27.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,274 shares of the bank’s stock worth $144,000 after purchasing an additional 705 shares during the period. SG Americas Securities LLC bought a new position in Republic Bancorp in the 3rd quarter worth approximately $171,000. Money Concepts Capital Corp purchased a new position in Republic Bancorp in the 3rd quarter valued at approximately $201,000. WINTON GROUP Ltd bought a new stake in Republic Bancorp during the 3rd quarter valued at $274,000. Finally, Inspire Investing LLC purchased a new stake in shares of Republic Bancorp during the third quarter worth $311,000. Hedge funds and other institutional investors own 24.37% of the company’s stock.
Republic Bancorp Stock Performance
Shares of NASDAQ RBCAA opened at $53.82 on Thursday. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 11.31 and a beta of 0.56. The stock’s 50-day moving average is $49.69 and its 200 day moving average is $49.78. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.42. Republic Bancorp, Inc. has a 1-year low of $38.37 and a 1-year high of $57.54.
Insider Buying and Selling at Republic Bancorp
Analyst Upgrades and Downgrades
Separately, Hovde Group assumed coverage on Republic Bancorp in a research report on Monday, March 4th. They issued an “outperform” rating for the company.
Check Out Our Latest Analysis on RBCAA
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.
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