13,549 Shares in Republic Bancorp, Inc. $RBCAA Bought by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd bought a new stake in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) in the first quarter, Holdings Channel reports. The fund bought 13,549 shares of the bank’s stock, valued at approximately $956,000.

Other hedge funds also recently added to or reduced their stakes in the company. State Street Corp grew its position in Republic Bancorp by 1.0% during the 4th quarter. State Street Corp now owns 218,872 shares of the bank’s stock worth $15,195,000 after purchasing an additional 2,208 shares during the period. Bridgeway Capital Management LLC lifted its holdings in shares of Republic Bancorp by 5.3% in the 4th quarter. Bridgeway Capital Management LLC now owns 123,097 shares of the bank’s stock valued at $8,492,000 after buying an additional 6,189 shares during the period. First Trust Advisors LP lifted its holdings in shares of Republic Bancorp by 651.0% in the 2nd quarter. First Trust Advisors LP now owns 78,077 shares of the bank’s stock valued at $5,708,000 after buying an additional 67,681 shares during the period. Empowered Funds LLC boosted its stake in shares of Republic Bancorp by 9.2% in the fourth quarter. Empowered Funds LLC now owns 73,735 shares of the bank’s stock worth $5,087,000 after buying an additional 6,189 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Republic Bancorp by 172.3% in the third quarter. Millennium Management LLC now owns 63,702 shares of the bank’s stock worth $4,602,000 after buying an additional 40,308 shares during the last quarter. 24.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RBCAA has been the subject of several recent research reports. Wall Street Zen upgraded Republic Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Republic Bancorp in a research note on Tuesday, June 9th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy”.

Insider Buying and Selling

In related news, EVP Anthony T. Powell sold 3,000 shares of Republic Bancorp stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $83.54, for a total value of $250,620.00. Following the sale, the executive vice president owned 24,691 shares of the company’s stock, valued at approximately $2,062,686.14. This trade represents a 10.83% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christy Ames sold 340 shares of the business’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $87.90, for a total transaction of $29,886.00. Following the completion of the sale, the executive vice president directly owned 6,145 shares of the company’s stock, valued at approximately $540,145.50. The trade was a 5.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 55.90% of the company’s stock.

Republic Bancorp Price Performance

Shares of Republic Bancorp stock traded down $0.35 on Friday, hitting $88.15. The company’s stock had a trading volume of 82,461 shares, compared to its average volume of 126,692. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.05 and a current ratio of 1.06. Republic Bancorp, Inc. has a 1 year low of $63.97 and a 1 year high of $93.54. The firm has a fifty day moving average price of $83.34 and a 200-day moving average price of $75.49. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 13.60 and a beta of 0.56.

Republic Bancorp (NASDAQ:RBCAA) last issued its quarterly earnings results on Thursday, April 23rd. The bank reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.63. Republic Bancorp had a return on equity of 11.32% and a net margin of 25.22%.The company had revenue of $114.57 million for the quarter, compared to the consensus estimate of $96.60 million.

Republic Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, June 18th will be paid a dividend of $0.495 per share. This represents a $1.98 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, June 18th. Republic Bancorp’s dividend payout ratio is presently 30.56%.

Republic Bancorp Profile

Republic Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, that operates through its principal subsidiary, Republic Bank & Trust Company. The company provides a full suite of commercial and retail banking services tailored to individuals, small businesses and middle‐market clients. Core offerings include deposit accounts, consumer and commercial lending, treasury and cash-management services, mortgage financing, SBA lending and wealth management solutions. Republic Bancorp also supports specialized financing needs through equipment leasing and small business advisory services.

Republic Bancorp’s branch network spans key markets in the U.S.