Los Angeles Capital Management LLC Has $1.14 Million Stock Position in Republic Bancorp, Inc. (NASDAQ:RBCAA)

Los Angeles Capital Management LLC grew its position in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 113.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,205 shares of the bank’s stock after purchasing an additional 11,290 shares during the period. Los Angeles Capital Management LLC’s holdings in Republic Bancorp were worth $1,137,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of RBCAA. Dimensional Fund Advisors LP increased its position in Republic Bancorp by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 927,375 shares of the bank’s stock worth $51,155,000 after purchasing an additional 15,040 shares during the last quarter. CM Management LLC increased its position in Republic Bancorp by 16.7% in the 2nd quarter. CM Management LLC now owns 35,000 shares of the bank’s stock worth $1,876,000 after purchasing an additional 5,000 shares during the last quarter. RPS Advisory Solutions LLC acquired a new position in Republic Bancorp in the 2nd quarter worth about $226,000. Empowered Funds LLC increased its position in Republic Bancorp by 8.1% in the 1st quarter. Empowered Funds LLC now owns 56,301 shares of the bank’s stock worth $2,871,000 after purchasing an additional 4,200 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in Republic Bancorp by 48.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 11,093 shares of the bank’s stock worth $566,000 after purchasing an additional 3,607 shares during the last quarter. 24.37% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Republic Bancorp

In other news, EVP Pedro A. Bryant sold 2,500 shares of the company’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $65.61, for a total transaction of $164,025.00. Following the completion of the sale, the executive vice president now owns 1,425 shares in the company, valued at approximately $93,494.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Pedro A. Bryant sold 2,500 shares of the stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $65.61, for a total transaction of $164,025.00. Following the completion of the sale, the executive vice president now owns 1,425 shares in the company, valued at approximately $93,494.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Christy Ames sold 1,715 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $63.72, for a total value of $109,279.80. Following the sale, the executive vice president now owns 4,240 shares of the company’s stock, valued at approximately $270,172.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 17,828 shares of company stock worth $1,155,090. 55.50% of the stock is owned by corporate insiders.

Republic Bancorp Stock Performance

Shares of RBCAA stock opened at $62.40 on Thursday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.09 and a quick ratio of 1.09. Republic Bancorp, Inc. has a fifty-two week low of $42.42 and a fifty-two week high of $69.00. The stock’s 50-day moving average is $60.62 and its two-hundred day moving average is $54.07. The firm has a market cap of $1.69 billion, a P/E ratio of 13.11 and a beta of 0.52.

Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings results on Friday, July 19th. The bank reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). The company had revenue of $116.05 million for the quarter. Republic Bancorp had a return on equity of 10.50% and a net margin of 20.41%.

Republic Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 20th will be paid a dividend of $0.407 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $1.63 annualized dividend and a dividend yield of 2.61%. Republic Bancorp’s dividend payout ratio (DPR) is presently 34.03%.

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.