Price T Rowe Associates Inc. MD Makes New Investment in Republic Bancorp, Inc. (NASDAQ:RBCAA)

Price T Rowe Associates Inc. MD bought a new position in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,308 shares of the bank’s stock, valued at approximately $232,000.

Several other hedge funds have also recently bought and sold shares of RBCAA. New York State Teachers Retirement System increased its position in Republic Bancorp by 659.0% during the fourth quarter. New York State Teachers Retirement System now owns 759 shares of the bank’s stock worth $53,000 after buying an additional 659 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Republic Bancorp by 206.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the bank’s stock valued at $77,000 after purchasing an additional 742 shares during the last quarter. Sei Investments Co. acquired a new stake in shares of Republic Bancorp in the fourth quarter valued at about $208,000. SG Americas Securities LLC grew its position in shares of Republic Bancorp by 22.8% in the fourth quarter. SG Americas Securities LLC now owns 3,851 shares of the bank’s stock valued at $269,000 after purchasing an additional 714 shares during the last quarter. Finally, Baron Silver Stevens Financial Advisors LLC acquired a new stake in shares of Republic Bancorp in the fourth quarter valued at about $280,000. 24.37% of the stock is owned by institutional investors and hedge funds.

Republic Bancorp Stock Performance

NASDAQ:RBCAA opened at $73.34 on Friday. Republic Bancorp, Inc. has a 1 year low of $48.67 and a 1 year high of $80.68. The firm has a 50 day moving average of $65.92 and a 200-day moving average of $68.82. 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 market capitalization of $1.43 billion, a P/E ratio of 14.02 and a beta of 0.51.

Republic Bancorp (NASDAQ:RBCAA) last issued its quarterly earnings results on Thursday, April 24th. The bank reported $2.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.56. The business had revenue of $135.84 million during the quarter, compared to analyst estimates of $126.90 million. Republic Bancorp had a net margin of 20.05% and a return on equity of 10.60%.

Analysts Set New Price Targets

Separately, Hovde Group raised their price target on Republic Bancorp from $64.00 to $69.00 and gave the company a “market perform” rating in a research 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.