Invesco Ltd. Grows Stock Position in Republic Bancorp, Inc. (NASDAQ:RBCAA)

Invesco Ltd. boosted its stake in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,889 shares of the bank’s stock after buying an additional 560 shares during the quarter. Invesco Ltd. owned 0.09% of Republic Bancorp worth $1,180,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of RBCAA. New York State Teachers Retirement System raised its position in Republic Bancorp by 659.0% in the 4th quarter. New York State Teachers Retirement System now owns 759 shares of the bank’s stock valued at $53,000 after purchasing an additional 659 shares in the last quarter. Sei Investments Co. purchased a new stake in Republic Bancorp during the 4th quarter worth about $208,000. SG Americas Securities LLC increased its holdings in shares of Republic Bancorp by 22.8% in the 4th quarter. SG Americas Securities LLC now owns 3,851 shares of the bank’s stock valued at $269,000 after acquiring an additional 714 shares during the last quarter. Baron Silver Stevens Financial Advisors LLC acquired a new stake in shares of Republic Bancorp during the 4th quarter worth about $280,000. Finally, Pillar Financial Advisors LLC acquired a new position in shares of Republic Bancorp in the 4th quarter valued at $286,000. 24.37% of the stock is currently owned by hedge funds and other institutional investors.

Republic Bancorp Stock Up 1.7 %

Republic Bancorp stock opened at $69.00 on Friday. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of 13.19 and a beta of 0.46. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The stock has a 50 day moving average of $64.66 and a two-hundred day moving average of $68.50. Republic Bancorp, Inc. has a twelve month low of $48.67 and a twelve month high of $80.68.

Republic Bancorp (NASDAQ:RBCAA) last released its earnings results on Thursday, April 24th. The bank reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.86 by $0.56. The company had revenue of $135.84 million for the quarter, compared to analysts’ expectations of $126.90 million. Republic Bancorp had a return on equity of 10.60% and a net margin of 20.05%.

Wall Street Analysts Forecast Growth

Separately, Hovde Group increased their price objective on Republic Bancorp from $64.00 to $69.00 and gave the company a “market perform” rating in a report on Friday, April 25th.

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.