Wells Fargo & Company MN Raises Holdings in Republic Bancorp, Inc. (NASDAQ:RBCAA)

Wells Fargo & Company MN lifted its holdings in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 19.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,502 shares of the bank’s stock after purchasing an additional 1,059 shares during the quarter. Wells Fargo & Company MN’s holdings in Republic Bancorp were worth $454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Republic Bancorp by 4.0% during the 4th quarter. Vanguard Group Inc. now owns 514,866 shares of the bank’s stock valued at $35,974,000 after buying an additional 19,756 shares in the last quarter. American Century Companies Inc. raised its holdings in Republic Bancorp by 14.0% during the fourth quarter. American Century Companies Inc. now owns 186,117 shares of the bank’s stock valued at $13,004,000 after acquiring an additional 22,818 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Republic Bancorp by 2.7% in the fourth quarter. Bank of New York Mellon Corp now owns 72,883 shares of the bank’s stock valued at $5,092,000 after acquiring an additional 1,932 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Republic Bancorp by 5.0% in the fourth quarter. Empowered Funds LLC now owns 64,930 shares of the bank’s stock worth $4,537,000 after acquiring an additional 3,105 shares during the period. Finally, JPMorgan Chase & Co. grew its position in shares of Republic Bancorp by 119.8% during the fourth quarter. JPMorgan Chase & Co. now owns 36,567 shares of the bank’s stock worth $2,555,000 after purchasing an additional 19,932 shares in the last quarter. 24.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Hovde Group upped their target price on shares of Republic Bancorp from $64.00 to $69.00 and gave the stock a “market perform” rating in a research report on Friday, April 25th.

Republic Bancorp Trading Up 1.4 %

Shares of RBCAA stock opened at $69.97 on Friday. The company has a market cap of $1.36 billion, a PE ratio of 13.38 and a beta of 0.46. Republic Bancorp, Inc. has a 1 year low of $48.67 and a 1 year high of $80.68. The stock’s 50 day simple moving average is $64.73 and its two-hundred day simple moving average is $68.54. 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 (NASDAQ:RBCAA) last issued its quarterly earnings results on Thursday, April 24th. The bank reported $2.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.86 by $0.56. Republic Bancorp had a return on equity of 10.60% and a net margin of 20.05%. The company had revenue of $135.84 million during the quarter, compared to the consensus estimate of $126.90 million.

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.