UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $872,000 Stake in Republic Bancorp, Inc. (NASDAQ:RBCAA)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) by 11.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,484 shares of the bank’s stock after acquiring an additional 1,309 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.06% of Republic Bancorp worth $872,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. New York State Teachers Retirement System grew 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 worth $53,000 after purchasing an additional 659 shares in the last quarter. Tower Research Capital LLC TRC grew its position in 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 purchasing an additional 742 shares in the last quarter. Sei Investments Co. bought a new stake in Republic Bancorp in the 4th quarter worth about $208,000. Lazard Asset Management LLC grew its position in Republic Bancorp by 41.7% in the 4th quarter. Lazard Asset Management LLC now owns 3,271 shares of the bank’s stock worth $228,000 after purchasing an additional 962 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD bought a new stake in Republic Bancorp in the 4th quarter worth about $232,000. Institutional investors and hedge funds own 24.37% of the company’s stock.

Republic Bancorp Stock Performance

NASDAQ RBCAA opened at $71.21 on Wednesday. The company’s 50 day simple moving average is $67.88 and its two-hundred day simple moving average is $68.34. 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 stock has a market capitalization of $1.39 billion, a PE ratio of 13.62 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 issued its earnings results on Thursday, April 24th. The bank reported $2.42 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 20.05% and a return on equity of 10.60%.

Republic Bancorp Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Friday, June 20th will be given a dividend of $0.451 per share. The ex-dividend date of this dividend is Friday, June 20th. This represents a $1.80 dividend on an annualized basis and a yield of 2.53%. Republic Bancorp’s dividend payout ratio (DPR) is currently 29.65%.

Wall Street Analysts Forecast Growth

Separately, Hovde Group increased their target price 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.