Republic Bancorp, Inc. $RBCAA Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP grew its holdings in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 0.6% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 928,367 shares of the bank’s stock after acquiring an additional 5,656 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Republic Bancorp were worth $65,496,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in RBCAA. Quarry LP acquired a new position in Republic Bancorp in the third quarter valued at approximately $27,000. Russell Investments Group Ltd. raised its holdings in Republic Bancorp by 2,561.3% during the third quarter. Russell Investments Group Ltd. now owns 825 shares of the bank’s stock worth $60,000 after purchasing an additional 794 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Republic Bancorp during the second quarter worth approximately $121,000. CANADA LIFE ASSURANCE Co raised its holdings in Republic Bancorp by 541.2% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,757 shares of the bank’s stock worth $121,000 after purchasing an additional 1,483 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Republic Bancorp by 46.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,887 shares of the bank’s stock worth $138,000 after buying an additional 598 shares during the last quarter. Institutional investors and hedge funds own 24.37% of the company’s stock.

Republic Bancorp Trading Up 1.1%

RBCAA opened at $99.54 on Friday. The firm has a market cap of $1.95 billion, a price-to-earnings ratio of 15.20 and a beta of 0.56. Republic Bancorp, Inc. has a 52 week low of $63.97 and a 52 week high of $102.00. The business’s 50 day moving average is $88.26 and its two-hundred day moving average is $78.01. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.32.

Republic Bancorp (NASDAQ:RBCAA) last posted its quarterly earnings data on Friday, July 24th. The bank reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.13. The business had revenue of $101.27 million during the quarter, compared to the consensus estimate of $97.60 million. Republic Bancorp had a return on equity of 11.32% and a net margin of 25.38%. On average, research analysts predict that Republic Bancorp, Inc. will post 6.65 EPS for the current year.

Republic Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 16th. Investors of record on Friday, September 18th will be given a $0.495 dividend. The ex-dividend date is Friday, September 18th. This represents a $1.98 annualized dividend and a yield of 2.0%. Republic Bancorp’s dividend payout ratio is 30.23%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on RBCAA. Hovde Group upped their target price on shares of Republic Bancorp from $80.00 to $98.00 and gave the company a “market perform” rating in a report on Monday, July 27th. Weiss Ratings reiterated a “buy (b)” rating on shares of Republic Bancorp in a research note on Tuesday, June 9th. Wall Street Zen raised shares of Republic Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Zacks Research upgraded shares of Republic Bancorp to a “hold” rating in a research note on Monday, July 13th. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $98.00.

Insiders Place Their Bets

In other Republic Bancorp news, EVP Christy Ames sold 340 shares of Republic Bancorp stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $87.90, for a total value of $29,886.00. Following the transaction, the executive vice president directly owned 6,145 shares in the company, valued at approximately $540,145.50. The trade was a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Anthony T. Powell sold 3,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $83.54, for a total transaction of $250,620.00. Following the completion of the sale, the executive vice president directly owned 24,691 shares of the company’s stock, valued at $2,062,686.14. The trade was a 10.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 55.90% of the stock is owned by corporate insiders.

About Republic Bancorp

Republic Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, that operates through its principal subsidiary, Republic Bank & Trust Company. The company provides a full suite of commercial and retail banking services tailored to individuals, small businesses and middle‐market clients. Core offerings include deposit accounts, consumer and commercial lending, treasury and cash-management services, mortgage financing, SBA lending and wealth management solutions. Republic Bancorp also supports specialized financing needs through equipment leasing and small business advisory services.

Republic Bancorp’s branch network spans key markets in the U.S.