SG Americas Securities LLC Takes $205,000 Position in Republic Bancorp, Inc. (NASDAQ:RBCAA)

SG Americas Securities LLC acquired a new stake in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 3,137 shares of the bank’s stock, valued at approximately $205,000.

A number of other large investors have also made changes to their positions in the stock. Innealta Capital LLC acquired a new position in Republic Bancorp in the second quarter worth about $67,000. Acadian Asset Management LLC acquired a new position in Republic Bancorp in the second quarter worth about $87,000. Independence Bank of Kentucky raised its position in Republic Bancorp by 4,133.3% in the second quarter. Independence Bank of Kentucky now owns 3,175 shares of the bank’s stock worth $170,000 after purchasing an additional 3,100 shares in the last quarter. BNP Paribas Financial Markets raised its position in Republic Bancorp by 82.7% in the first quarter. BNP Paribas Financial Markets now owns 4,258 shares of the bank’s stock worth $217,000 after purchasing an additional 1,927 shares in the last quarter. Finally, RPS Advisory Solutions LLC acquired a new position in Republic Bancorp in the second quarter worth about $226,000. Institutional investors and hedge funds own 24.37% of the company’s stock.

Insiders Place Their Bets

In other news, 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 transaction of $109,279.80. Following the sale, the executive vice president now directly owns 4,240 shares of the company’s stock, valued at $270,172.80. This represents a 0.00 % 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. In other news, 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 transaction of $109,279.80. Following the sale, the executive vice president now directly owns 4,240 shares of the company’s stock, valued at $270,172.80. This represents a 0.00 % 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. Also, EVP Juan Montano sold 2,750 shares of the stock in a transaction that occurred on Wednesday, August 28th. The shares were sold at an average price of $63.37, for a total transaction of $174,267.50. Following the sale, the executive vice president now directly owns 8,558 shares in the company, valued at $542,320.46. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,715 shares of company stock valued at $299,172. 55.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Hovde Group upped their price objective on shares of Republic Bancorp from $68.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday, October 18th.

Republic Bancorp Price Performance

Shares of Republic Bancorp stock opened at $67.96 on Wednesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 12.92 and a beta of 0.52. Republic Bancorp, Inc. has a 1-year low of $42.51 and a 1-year high of $70.00. The firm’s 50-day moving average price is $63.55 and its two-hundred day moving average price is $57.29.

Republic Bancorp (NASDAQ:RBCAA) last issued its quarterly earnings data on Friday, October 18th. The bank reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.16. The firm had revenue of $118.36 million for the quarter. Republic Bancorp had a net margin of 20.41% and a return on equity of 10.50%.

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.