Jane Street Group LLC Cuts Stake in Republic Bancorp, Inc. (NASDAQ:RBCAA)

Jane Street Group LLC lowered its holdings in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) by 30.4% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 4,570 shares of the bank’s stock after selling 1,996 shares during the period. Jane Street Group LLC’s holdings in Republic Bancorp were worth $298,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in Republic Bancorp by 0.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 952,102 shares of the bank’s stock valued at $51,040,000 after buying an additional 8,382 shares in the last quarter. State Street Corp grew its holdings in Republic Bancorp by 2.2% during the 3rd quarter. State Street Corp now owns 210,298 shares of the bank’s stock valued at $13,816,000 after buying an additional 4,429 shares in the last quarter. American Century Companies Inc. grew its holdings in Republic Bancorp by 17.0% during the 2nd quarter. American Century Companies Inc. now owns 146,090 shares of the bank’s stock valued at $7,832,000 after buying an additional 21,261 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Republic Bancorp by 2.1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 100,794 shares of the bank’s stock valued at $6,582,000 after buying an additional 2,098 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in Republic Bancorp by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 76,927 shares of the bank’s stock valued at $4,124,000 after buying an additional 1,226 shares in the last quarter. Hedge funds and other institutional investors own 24.37% of the company’s stock.

Insider Transactions at Republic Bancorp

In related news, Director Heather V. Howell sold 1,496 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $75.63, for a total transaction of $113,142.48. Following the completion of the sale, the director now directly owns 7,491 shares of the company’s stock, valued at approximately $566,544.33. This trade represents a 16.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 55.50% of the company’s stock.

Republic Bancorp Stock Performance

NASDAQ RBCAA opened at $64.80 on Friday. The stock has a market capitalization of $1.26 billion, a PE ratio of 12.32 and a beta of 0.56. The business has a 50 day simple moving average of $73.51 and a two-hundred day simple moving average of $65.95. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.12 and a quick ratio of 1.11. Republic Bancorp, Inc. has a 1-year low of $46.55 and a 1-year high of $80.68.

Republic Bancorp (NASDAQ:RBCAA) last announced its earnings results on Friday, October 18th. The bank reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.16. The firm 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 20th will be issued a $0.407 dividend. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Friday, December 20th. Republic Bancorp’s dividend payout ratio (DPR) is 30.80%.

Analyst Ratings Changes

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

Republic Bancorp Company 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.