First Trust Advisors LP increased its position in shares of Republic Bancorp, Inc. KY Class A (NASDAQ:RBCAA) by 20.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,525 shares of the bank’s stock after purchasing an additional 6,174 shares during the quarter. First Trust Advisors LP owned 0.17% of Republic Bancorp, Inc. KY Class A worth $1,655,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Republic Bancorp, Inc. KY Class A in the first quarter worth $155,000. BB&T Corp acquired a new stake in Republic Bancorp, Inc. KY Class A in the second quarter worth $227,000. Mackay Shields LLC acquired a new stake in Republic Bancorp, Inc. KY Class A in the first quarter worth $820,000. Prudential Financial Inc. increased its position in Republic Bancorp, Inc. KY Class A by 9.2% in the first quarter. Prudential Financial Inc. now owns 35,606 shares of the bank’s stock worth $1,364,000 after buying an additional 3,000 shares during the period. Finally, Millennium Management LLC increased its position in Republic Bancorp, Inc. KY Class A by 5.7% in the first quarter. Millennium Management LLC now owns 52,301 shares of the bank’s stock worth $2,003,000 after buying an additional 2,834 shares during the period. Hedge funds and other institutional investors own 25.39% of the company’s stock.

RBCAA has been the topic of several analyst reports. Hovde Group set a $51.00 target price on Republic Bancorp, Inc. KY Class A and gave the stock a “hold” rating in a research report on Monday, July 23rd. BidaskClub raised Republic Bancorp, Inc. KY Class A from a “buy” rating to a “strong-buy” rating in a research report on Friday, July 20th.

In other news, EVP Juan Montano sold 3,000 shares of the firm’s stock in a transaction on Friday, July 27th. The stock was sold at an average price of $47.91, for a total transaction of $143,730.00. Following the transaction, the executive vice president now directly owns 8,084 shares of the company’s stock, valued at $387,304.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 52.30% of the stock is currently owned by company insiders.

Shares of NASDAQ RBCAA opened at $48.60 on Friday. Republic Bancorp, Inc. KY Class A has a 1-year low of $34.24 and a 1-year high of $50.70. The company has a current ratio of 1.25, a quick ratio of 1.24 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 17.09 and a beta of 0.29.

Republic Bancorp, Inc. KY Class A (NASDAQ:RBCAA) last issued its quarterly earnings results on Friday, July 20th. The bank reported $0.74 EPS for the quarter, beating analysts’ consensus estimates of $0.58 by $0.16. The company had revenue of $65.38 million for the quarter. Republic Bancorp, Inc. KY Class A had a return on equity of 9.45% and a net margin of 19.24%.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 19th. Stockholders of record on Friday, September 21st will be issued a dividend of $0.242 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, September 20th.

Republic Bancorp, Inc. KY Class A Company Profile

Republic Bancorp, Inc, a financial holding company, provides banking products and services in the United States. It operates in five segments: Traditional Banking, Warehouse Lending, Mortgage Banking, Tax Refund Solutions, and Republic Credit Solutions. The company accepts demand, savings, time, and brokered and other certificates of deposits; and money market and individual retirement accounts.

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Institutional Ownership by Quarter for Republic Bancorp, Inc. KY Class A (NASDAQ:RBCAA)

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