Republic Bancorp, Inc. $RBCAA Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC boosted its position in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) by 27.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 46,300 shares of the bank’s stock after buying an additional 9,900 shares during the quarter. Renaissance Technologies LLC’s holdings in Republic Bancorp were worth $3,266,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its holdings in Republic Bancorp by 0.6% during the first quarter. Dimensional Fund Advisors LP now owns 928,367 shares of the bank’s stock worth $65,496,000 after acquiring an additional 5,656 shares during the period. Swiss National Bank lifted its holdings in Republic Bancorp by 2.4% in the 1st quarter. Swiss National Bank now owns 17,200 shares of the bank’s stock valued at $1,213,000 after acquiring an additional 400 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of Republic Bancorp by 22.6% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 4,444 shares of the bank’s stock valued at $314,000 after purchasing an additional 820 shares in the last quarter. Fifth Third Bancorp bought a new position in shares of Republic Bancorp during the 1st quarter valued at about $384,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Republic Bancorp in the 1st quarter worth approximately $956,000. 24.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Republic Bancorp

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

Republic Bancorp Trading Down 0.4%

Shares of RBCAA opened at $99.19 on Friday. The business’s 50-day moving average price is $90.23 and its 200 day moving average price is $79.01. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $1.95 billion, a P/E ratio of 15.14 and a beta of 0.55. Republic Bancorp, Inc. has a 1-year low of $63.97 and a 1-year high of $102.22.

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

Republic Bancorp Dividend Announcement

The company 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. This represents a $1.98 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, September 18th. Republic Bancorp’s dividend payout ratio is 30.23%.

Analyst Ratings Changes

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

Republic Bancorp Company Profile

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.