Barclays PLC Purchases 1,548 Shares of Republic Bancorp, Inc. (NASDAQ:RBCAA)

Barclays PLC boosted its holdings in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 12.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,284 shares of the bank’s stock after buying an additional 1,548 shares during the quarter. Barclays PLC owned approximately 0.07% of Republic Bancorp worth $998,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Baron Silver Stevens Financial Advisors LLC acquired a new stake in Republic Bancorp in the fourth quarter valued at $280,000. JPMorgan Chase & Co. lifted its position in shares of Republic Bancorp by 10.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,635 shares of the bank’s stock worth $1,086,000 after purchasing an additional 1,515 shares during the period. Invesco Ltd. boosted its stake in shares of Republic Bancorp by 3.4% in the 4th quarter. Invesco Ltd. now owns 16,889 shares of the bank’s stock valued at $1,180,000 after purchasing an additional 560 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Republic Bancorp during the fourth quarter worth $375,000. Finally, Pillar Financial Advisors LLC bought a new position in Republic Bancorp during the fourth quarter worth $286,000. 24.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Republic Bancorp Price Performance

RBCAA stock opened at $70.31 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.12 and a quick ratio of 1.11. The company’s 50-day moving average is $64.80 and its 200-day moving average is $68.55. The stock has a market capitalization of $1.37 billion, a PE ratio of 13.44 and a beta of 0.51. Republic Bancorp, Inc. has a 1 year low of $48.67 and a 1 year high of $80.68.

Republic Bancorp (NASDAQ:RBCAA) last announced its quarterly 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. Republic Bancorp had a return on equity of 10.60% and a net margin of 20.05%. The business had revenue of $135.84 million for the quarter, compared to analyst estimates 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.