BNP Paribas Financial Markets Decreases Stock Holdings in Republic Bancorp, Inc. (NASDAQ:RBCAA)

BNP Paribas Financial Markets lowered its position in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 69.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,974 shares of the bank’s stock after selling 6,774 shares during the quarter. BNP Paribas Financial Markets’ holdings in Republic Bancorp were worth $194,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Inspire Advisors LLC acquired a new position in Republic Bancorp during the 2nd quarter worth $1,546,000. American Century Companies Inc. raised its position in shares of Republic Bancorp by 17.0% during the 2nd quarter. American Century Companies Inc. now owns 146,090 shares of the bank’s stock worth $7,832,000 after acquiring an additional 21,261 shares in the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of Republic Bancorp by 113.9% in the 2nd quarter. Los Angeles Capital Management LLC now owns 21,205 shares of the bank’s stock valued at $1,137,000 after buying an additional 11,290 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Republic Bancorp by 0.9% during the second quarter. Dimensional Fund Advisors LP now owns 952,102 shares of the bank’s stock worth $51,040,000 after purchasing an additional 8,382 shares in the last quarter. Finally, Meridian Wealth Management LLC acquired a new position in Republic Bancorp during the third quarter worth approximately $391,000. Hedge funds and other institutional investors own 24.37% of the company’s stock.

Republic Bancorp Stock Down 2.1 %

RBCAA opened at $75.09 on Wednesday. The business has a 50 day moving average price of $72.65 and a two-hundred day moving average price of $63.75. Republic Bancorp, Inc. has a 52 week low of $46.55 and a 52 week high of $80.68. The company has a market cap of $1.46 billion, a PE ratio of 14.28 and a beta of 0.54. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.38.

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

Republic Bancorp Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.17%. Republic Bancorp’s payout ratio is 30.80%.

Analysts Set New Price Targets

Separately, Hovde Group downgraded shares of Republic Bancorp from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $78.00 to $80.00 in a research 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.