5,499 Shares in Republic Bancorp, Inc. $RBCAA Purchased by Crew Capital Management Ltd.

Crew Capital Management Ltd. acquired a new position in Republic Bancorp, Inc. (NASDAQ:RBCAA) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 5,499 shares of the bank’s stock, valued at approximately $402,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Voya Investment Management LLC increased its position in Republic Bancorp by 16.9% in the first quarter. Voya Investment Management LLC now owns 5,900 shares of the bank’s stock worth $377,000 after purchasing an additional 855 shares during the period. Strs Ohio acquired a new stake in Republic Bancorp in the first quarter worth about $243,000. Jane Street Group LLC acquired a new stake in Republic Bancorp in the first quarter worth about $716,000. Voleon Capital Management LP acquired a new stake in Republic Bancorp in the first quarter worth about $247,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Republic Bancorp by 5.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,945 shares of the bank’s stock worth $316,000 after buying an additional 234 shares during the period. 24.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Republic Bancorp

In other Republic Bancorp news, EVP Juan Montano sold 1,223 shares of the business’s stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $75.53, for a total value of $92,373.19. Following the sale, the executive vice president owned 4,434 shares in the company, valued at approximately $334,900.02. The trade was a 21.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Christy Ames sold 400 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $75.79, for a total value of $30,316.00. Following the completion of the sale, the executive vice president owned 4,738 shares in the company, valued at $359,093.02. The trade was a 7.79% decrease in their position. The disclosure for this sale can be found here. Insiders own 56.40% of the company’s stock.

Analysts Set New Price Targets

Separately, Raymond James Financial assumed coverage on Republic Bancorp in a research report on Friday, June 27th. They set a “market perform” rating for the company. Two research analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $69.00.

Republic Bancorp Trading Down 0.7%

NASDAQ RBCAA opened at $74.23 on Tuesday. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 11.63 and a beta of 0.58. The stock’s 50 day moving average price is $73.64 and its two-hundred day moving average price is $70.22. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.07 and a current ratio of 1.08. Republic Bancorp, Inc. has a 52 week low of $56.79 and a 52 week high of $80.68.

Republic Bancorp (NASDAQ:RBCAA) last released its earnings results on Friday, July 18th. The bank reported $1.61 EPS for the quarter, beating the consensus estimate of $1.42 by $0.19. The firm had revenue of $93.00 million for the quarter, compared to analysts’ expectations of $93.50 million. Republic Bancorp had a return on equity of 12.23% and a net margin of 23.98%.

Republic Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, September 19th will be paid a $0.451 dividend. The ex-dividend date is Friday, September 19th. This represents a $1.80 annualized dividend and a yield of 2.4%. Republic Bancorp’s payout ratio is presently 28.21%.

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.