Republic Bancorp, Inc. (NASDAQ:RBCAA) Stock Holdings Lifted by Empowered Funds LLC

Empowered Funds LLC grew its position in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 5.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 64,930 shares of the bank’s stock after purchasing an additional 3,105 shares during the period. Empowered Funds LLC’s holdings in Republic Bancorp were worth $4,537,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Baron Silver Stevens Financial Advisors LLC acquired a new stake in shares of Republic Bancorp in the 4th quarter valued at $280,000. SG Americas Securities LLC raised its holdings in Republic Bancorp by 22.8% during the fourth quarter. SG Americas Securities LLC now owns 3,851 shares of the bank’s stock valued at $269,000 after buying an additional 714 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Republic Bancorp by 10.0% in 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 during the last quarter. Barclays PLC lifted its position in shares of Republic Bancorp by 338.3% in the third quarter. Barclays PLC now owns 12,736 shares of the bank’s stock worth $831,000 after buying an additional 9,830 shares during the last quarter. Finally, Hohimer Wealth Management LLC bought a new stake in shares of Republic Bancorp during the 3rd quarter worth about $227,000. 24.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Republic Bancorp

In related news, EVP John T. Rippy sold 3,082 shares of Republic Bancorp stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $65.99, for a total transaction of $203,381.18. Following the sale, the executive vice president now directly owns 23,105 shares of the company’s stock, valued at $1,524,698.95. This trade represents a 11.77 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David P. Feaster sold 1,406 shares of the company’s stock in a transaction that occurred on Wednesday, January 29th. The shares were sold at an average price of $66.42, for a total value of $93,386.52. Following the completion of the transaction, the director now directly owns 4,303 shares of the company’s stock, valued at approximately $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 in the last 90 days. 55.50% of the stock is currently owned by insiders.

Republic Bancorp Price Performance

Shares of Republic Bancorp stock opened at $68.07 on Wednesday. Republic Bancorp, Inc. has a 1-year low of $46.55 and a 1-year high of $80.68. The firm has a fifty day simple moving average of $69.86 and a 200-day simple moving average of $67.58. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 13.02 and a beta of 0.54.

Republic Bancorp (NASDAQ:RBCAA) last released its earnings results on Friday, January 24th. The bank reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be paid a dividend of $0.451 per share. This is an increase from Republic Bancorp’s previous quarterly dividend of $0.41. The ex-dividend date is Friday, March 21st. This represents a $1.80 annualized dividend and a yield of 2.65%. Republic Bancorp’s dividend payout ratio is presently 31.17%.

Analyst Ratings Changes

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

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.