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.
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.
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