The Manufacturers Life Insurance Company Lowers Position in Republic Bancorp, Inc. (NASDAQ:RBCAA)

The Manufacturers Life Insurance Company trimmed its stake in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 8.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,160 shares of the bank’s stock after selling 275 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Republic Bancorp were worth $221,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Kovitz Investment Group Partners LLC purchased a new position in shares of Republic Bancorp in the fourth quarter valued at $369,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of Republic Bancorp during the fourth quarter worth $232,000. Tower Research Capital LLC TRC increased its holdings in shares of Republic Bancorp by 206.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the bank’s stock worth $77,000 after acquiring an additional 742 shares during the period. MetLife Investment Management LLC increased its holdings in shares of Republic Bancorp by 12.1% in the 4th quarter. MetLife Investment Management LLC now owns 5,008 shares of the bank’s stock worth $350,000 after acquiring an additional 539 shares during the period. Finally, Barclays PLC increased its stake in Republic Bancorp by 12.2% during the 4th quarter. Barclays PLC now owns 14,284 shares of the bank’s stock valued at $998,000 after buying an additional 1,548 shares during the period. 24.37% of the stock is currently owned by hedge funds and other institutional investors.

Republic Bancorp Trading Down 0.9%

NASDAQ:RBCAA opened at $73.34 on Monday. The company’s 50 day moving average is $65.92 and its 200-day moving average is $68.83. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 14.02 and a beta of 0.51. 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, Inc. has a 12 month low of $48.67 and a 12 month high of $80.68.

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

Wall Street Analysts Forecast Growth

Separately, Hovde Group raised their price objective on shares of 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 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.