Allspring Global Investments Holdings LLC Has $374,000 Stock Position in Republic Bancorp, Inc. (NASDAQ:RBCAA)

Allspring Global Investments Holdings LLC lifted its stake in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 107.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,781 shares of the bank’s stock after acquiring an additional 3,507 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Republic Bancorp were worth $374,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC bought a new position in Republic Bancorp during the third quarter worth about $171,000. Inspire Investing LLC bought a new position in Republic Bancorp during the third quarter worth about $311,000. Teacher Retirement System of Texas grew its holdings in Republic Bancorp by 5.8% during the third quarter. Teacher Retirement System of Texas now owns 7,185 shares of the bank’s stock worth $317,000 after purchasing an additional 394 shares during the period. Money Concepts Capital Corp bought a new position in Republic Bancorp during the third quarter worth about $201,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Republic Bancorp by 2.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 96,695 shares of the bank’s stock worth $4,259,000 after purchasing an additional 1,972 shares during the period. Institutional investors and hedge funds own 24.37% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Hovde Group began coverage on Republic Bancorp in a report on Monday, March 4th. They set an “outperform” rating for the company.

Insider Activity at Republic Bancorp

In other Republic Bancorp news, Director Michael T. Rust sold 1,400 shares of the business’s stock in a transaction that occurred on Thursday, March 14th. The shares were sold at an average price of $47.43, for a total transaction of $66,402.00. Following the completion of the transaction, the director now directly owns 20,772 shares in the company, valued at $985,215.96. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 55.50% of the stock is currently owned by corporate insiders.

Republic Bancorp Trading Up 0.9 %

Shares of NASDAQ:RBCAA opened at $50.50 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.42. The stock has a market cap of $979.85 million, a PE ratio of 10.98 and a beta of 0.57. The business has a 50 day moving average of $49.24 and a 200-day moving average of $49.32. Republic Bancorp, Inc. has a 12-month low of $37.23 and a 12-month high of $57.54.

Republic Bancorp (NASDAQ:RBCAA) last issued its quarterly earnings results on Friday, January 26th. The bank reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.73 by $0.28. The business had revenue of $105.57 million during the quarter. Republic Bancorp had a return on equity of 10.39% and a net margin of 21.16%.

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.