Barclays PLC Increases Position in Republic Bancorp, Inc. (NASDAQ:RBCAA)

Barclays PLC lifted its position in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 338.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,736 shares of the bank’s stock after purchasing an additional 9,830 shares during the period. Barclays PLC’s holdings in Republic Bancorp were worth $831,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of RBCAA. Acadian Asset Management LLC purchased a new stake in shares of Republic Bancorp in the second quarter worth $87,000. SG Americas Securities LLC purchased a new stake in shares of Republic Bancorp in the third quarter worth $205,000. SeaCrest Wealth Management LLC purchased a new stake in shares of Republic Bancorp in the third quarter worth $208,000. The Manufacturers Life Insurance Company bought a new position in shares of Republic Bancorp during the third quarter worth $224,000. Finally, Hohimer Wealth Management LLC bought a new position in shares of Republic Bancorp during the third quarter worth $227,000. 24.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Republic Bancorp

In other Republic Bancorp news, Director Heather V. Howell sold 1,496 shares of the stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $75.63, for a total transaction of $113,142.48. Following the completion of the transaction, the director now owns 7,491 shares in the company, valued at $566,544.33. This trade represents a 16.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 55.50% of the stock is owned by company insiders.

Republic Bancorp Price Performance

Shares of NASDAQ:RBCAA opened at $68.02 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.12. The firm has a fifty day moving average price of $73.47 and a 200 day moving average price of $66.37. Republic Bancorp, Inc. has a fifty-two week low of $46.55 and a fifty-two week high of $80.68. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 12.93 and a beta of 0.56.

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

Republic Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 20th will be given a dividend of $0.407 per share. The ex-dividend date is Friday, December 20th. This represents a $1.63 annualized dividend and a yield of 2.39%. Republic Bancorp’s dividend payout ratio (DPR) is currently 30.80%.

Wall Street Analysts Forecast Growth

Separately, Hovde Group lowered shares of Republic Bancorp from an “outperform” rating to a “market perform” rating and upped their target price for the stock from $78.00 to $80.00 in a research report on Wednesday, November 13th.

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.