Cary Street Partners Financial LLC Acquires Shares of 41,946 Republic Bancorp, Inc. (NASDAQ:RBCAA)

Cary Street Partners Financial LLC acquired a new stake in Republic Bancorp, Inc. (NASDAQ:RBCAA) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 41,946 shares of the bank’s stock, valued at approximately $2,931,000. Cary Street Partners Financial LLC owned approximately 0.22% of Republic Bancorp at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bank of America Corp DE increased its stake in shares of Republic Bancorp by 35.1% in the 4th quarter. Bank of America Corp DE now owns 10,146 shares of the bank’s stock valued at $709,000 after acquiring an additional 2,634 shares during the last quarter. Northern Trust Corp lifted its holdings in shares of Republic Bancorp by 4.3% during the 4th quarter. Northern Trust Corp now owns 85,367 shares of the bank’s stock valued at $5,965,000 after purchasing an additional 3,512 shares in the last quarter. Kovitz Investment Group Partners LLC acquired a new stake in Republic Bancorp in the 4th quarter valued at approximately $369,000. Price T Rowe Associates Inc. MD bought a new stake in Republic Bancorp in the 4th quarter valued at approximately $232,000. Finally, Tower Research Capital LLC TRC boosted its position in Republic Bancorp by 206.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the bank’s stock worth $77,000 after acquiring an additional 742 shares during the last quarter. 24.37% of the stock is owned by institutional investors.

Republic Bancorp Stock Performance

Shares of RBCAA opened at $70.62 on Wednesday. The company has a market cap of $1.38 billion, a PE ratio of 13.50 and a beta of 0.51. The firm has a 50-day moving average of $64.86 and a 200-day moving average of $68.57. Republic Bancorp, Inc. has a one year low of $48.67 and a one year high of $80.68. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.12 and a quick ratio of 1.11.

Republic Bancorp (NASDAQ:RBCAA) last announced its quarterly earnings results on Thursday, April 24th. The bank reported $2.42 earnings per share for the quarter, topping analysts’ consensus estimates of $1.86 by $0.56. The firm had revenue of $135.84 million for the quarter, compared to the consensus estimate of $126.90 million. Republic Bancorp had a return on equity of 10.60% and a net margin of 20.05%.

Analyst Ratings Changes

Separately, Hovde Group boosted their price objective on shares of Republic Bancorp from $64.00 to $69.00 and gave the stock a “market perform” rating in a research report on Friday, April 25th.

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.