Republic Bancorp, Inc. (NASDAQ:RBCAA) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 22.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,851 shares of the bank’s stock after acquiring an additional 714 shares during the period. SG Americas Securities LLC’s holdings in Republic Bancorp were worth $269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Cerity Partners LLC lifted its holdings in Republic Bancorp by 1.4% in the third quarter. Cerity Partners LLC now owns 12,501 shares of the bank’s stock worth $816,000 after acquiring an additional 167 shares during the last quarter. Empowered Funds LLC raised its position in shares of Republic Bancorp by 2.0% during the 3rd quarter. Empowered Funds LLC now owns 61,825 shares of the bank’s stock worth $4,037,000 after purchasing an additional 1,204 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Republic Bancorp by 10.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,635 shares of the bank’s stock worth $1,086,000 after purchasing an additional 1,515 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Republic Bancorp by 2.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 100,794 shares of the bank’s stock worth $6,582,000 after purchasing an additional 2,098 shares during the last quarter. Finally, SeaCrest Wealth Management LLC acquired a new position in Republic Bancorp during the 3rd quarter valued at approximately $208,000. 24.37% of the stock is currently owned by institutional investors.

Republic Bancorp Trading Up 0.6 %

Shares of NASDAQ:RBCAA opened at $66.79 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.38. The company’s 50-day moving average price is $70.66 and its 200 day moving average price is $67.54. The company has a market cap of $1.30 billion, a PE ratio of 12.77 and a beta of 0.54. Republic Bancorp, Inc. has a fifty-two week low of $46.55 and a fifty-two week high of $80.68.

Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings results on Friday, January 24th. The bank reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.22). Republic Bancorp had a net margin of 20.05% and a return on equity of 10.60%.

Republic Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be given a dividend of $0.451 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Friday, March 21st. This is a positive change from Republic Bancorp’s previous quarterly dividend of $0.41. Republic Bancorp’s payout ratio is 31.17%.

Insider Transactions at Republic Bancorp

In related news, EVP John T. Rippy sold 3,082 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $65.99, for a total transaction of $203,381.18. Following the sale, the executive vice president now owns 23,105 shares of the company’s stock, valued at $1,524,698.95. The trade was a 11.77 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David P. Feaster sold 1,406 shares of the stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $66.42, for a total value of $93,386.52. Following the transaction, the director now directly owns 4,303 shares of the company’s stock, valued at approximately $285,805.26. The trade was a 24.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 5,984 shares of company stock valued at $409,910. 56.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Hovde Group dropped their target price on Republic Bancorp from $72.00 to $70.00 and set a “market perform” rating on the stock in a research report on Monday, January 27th.

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.