Vestor Capital LLC Continues to Hold Holdings in Republic Bancorp, Inc. (RBCAA)

Vestor Capital LLC held its stake in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 13,513 shares of the bank’s stock at the close of the second quarter. Vestor Capital LLC owned about 0.06% of Republic Bancorp worth $482,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Republic Bancorp in the second quarter valued at approximately $165,000. Globeflex Capital L P bought a new position in shares of Republic Bancorp in the first quarter valued at approximately $190,000. American International Group Inc. raised its position in shares of Republic Bancorp by 7.1% in the first quarter. American International Group Inc. now owns 5,947 shares of the bank’s stock valued at $205,000 after purchasing an additional 392 shares during the period. TFS Capital LLC raised its position in shares of Republic Bancorp by 46.1% in the first quarter. TFS Capital LLC now owns 7,599 shares of the bank’s stock valued at $261,000 after purchasing an additional 2,398 shares during the period. Finally, KBC Group NV raised its position in shares of Republic Bancorp by 98.3% in the first quarter. KBC Group NV now owns 7,914 shares of the bank’s stock valued at $272,000 after purchasing an additional 3,924 shares during the period. 24.29% of the stock is currently owned by hedge funds and other institutional investors.

In related news, EVP Steven E. Deweese sold 1,000 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $34.50, for a total value of $34,500.00. Following the sale, the executive vice president now owns 42,230 shares in the company, valued at approximately $1,456,935. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Steven E. Deweese sold 1,115 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $35.49, for a total value of $39,571.35. Following the completion of the sale, the executive vice president now owns 41,630 shares in the company, valued at approximately $1,477,448.70. The disclosure for this sale can be found here. 52.30% of the stock is currently owned by corporate insiders.

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Republic Bancorp, Inc. (RBCAA) traded up 0.59% during trading on Wednesday, hitting $35.90. 2,180 shares of the stock were exchanged. The firm’s 50 day moving average price is $34.95 and its 200-day moving average price is $34.97. The stock has a market cap of $748.80 million, a price-to-earnings ratio of 15.08 and a beta of 0.49. Republic Bancorp, Inc. has a 1-year low of $28.56 and a 1-year high of $40.74.

Republic Bancorp (NASDAQ:RBCAA) last announced its quarterly earnings data on Friday, July 21st. The bank reported $0.48 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.48. Republic Bancorp had a return on equity of 8.14% and a net margin of 19.33%. The company had revenue of $56.06 million for the quarter. On average, analysts anticipate that Republic Bancorp, Inc. will post $2.34 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 15th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date of this dividend is Thursday, September 14th. Republic Bancorp’s dividend payout ratio (DPR) is presently 36.82%.

A number of equities analysts have recently commented on RBCAA shares. Zacks Investment Research raised shares of Republic Bancorp from a “hold” rating to a “buy” rating and set a $39.00 price target on the stock in a research report on Saturday. BidaskClub lowered shares of Republic Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th.

Republic Bancorp Profile

Republic Bancorp, Inc is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc (the Captive). The Bank is a Kentucky-based, state chartered non-member financial institution. The Captive is an insurance subsidiary of the Company. The Company operates through four segments: Traditional Banking, which provides traditional banking products to customers; Warehouse Lending (Warehouse), which provides short-term, revolving credit facilities to mortgage bankers across the United States through mortgage warehouse lines of credit; Mortgage Banking, which originates, sells and services long-term, single family, first lien residential real estate loans, and Republic Processing Group (RPG), which facilitates the receipt and payment of federal and state tax refund products.

Institutional Ownership by Quarter for Republic Bancorp (NASDAQ:RBCAA)

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