Republic Bancorp, Inc. (NASDAQ:RBCAA) Shares Acquired by State Street Corp

State Street Corp lifted its holdings in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 2.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 210,298 shares of the bank’s stock after purchasing an additional 4,429 shares during the period. State Street Corp’s holdings in Republic Bancorp were worth $13,816,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in RBCAA. Dimensional Fund Advisors LP lifted its stake in shares of Republic Bancorp by 0.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 952,102 shares of the bank’s stock valued at $51,040,000 after purchasing an additional 8,382 shares during the last quarter. American Century Companies Inc. raised its stake in shares of Republic Bancorp by 17.0% in the second quarter. American Century Companies Inc. now owns 146,090 shares of the bank’s stock valued at $7,832,000 after acquiring an additional 21,261 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Republic Bancorp by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 100,794 shares of the bank’s stock worth $6,582,000 after buying an additional 2,098 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Republic Bancorp by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 76,927 shares of the bank’s stock worth $4,124,000 after purchasing an additional 1,226 shares in the last quarter. Finally, Empowered Funds LLC boosted its holdings in Republic Bancorp by 2.0% in the third quarter. Empowered Funds LLC now owns 61,825 shares of the bank’s stock valued at $4,037,000 after purchasing an additional 1,204 shares in the last quarter. Institutional investors and hedge funds own 24.37% of the company’s stock.

Analysts Set New Price Targets

Separately, Hovde Group cut Republic Bancorp from an “outperform” rating to a “market perform” rating and boosted their price objective for the company from $78.00 to $80.00 in a research note on Wednesday, November 13th.

Republic Bancorp Trading Up 1.0 %

Shares of Republic Bancorp stock opened at $71.59 on Wednesday. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 13.61 and a beta of 0.54. Republic Bancorp, Inc. has a 52-week low of $46.55 and a 52-week high of $80.68. The company’s 50-day simple moving average is $73.18 and its 200-day simple moving average is $64.33. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.38.

Republic Bancorp (NASDAQ:RBCAA) last announced its quarterly earnings results on Friday, October 18th. The bank reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.16. The business had revenue of $118.36 million during the quarter. Republic Bancorp had a return on equity of 10.79% and a net margin of 20.65%.

Republic Bancorp Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 20th will be paid a dividend of $0.407 per share. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date is Friday, December 20th. Republic Bancorp’s dividend payout ratio is currently 30.80%.

Republic Bancorp Profile

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.