GAMMA Investing LLC Has $346,000 Stock Position in Republic Bancorp, Inc. (NASDAQ:RBCAA)

GAMMA Investing LLC boosted its holdings in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 15,400.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,425 shares of the bank’s stock after purchasing an additional 5,390 shares during the quarter. GAMMA Investing LLC’s holdings in Republic Bancorp were worth $346,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Republic Bancorp by 3.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,711 shares of the bank’s stock worth $329,000 after purchasing an additional 164 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Republic Bancorp by 11.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 12,484 shares of the bank’s stock worth $872,000 after purchasing an additional 1,309 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of Republic Bancorp by 14.4% in the fourth quarter. Deutsche Bank AG now owns 4,676 shares of the bank’s stock valued at $327,000 after purchasing an additional 588 shares in the last quarter. Invesco Ltd. boosted its holdings in Republic Bancorp by 3.4% during the 4th quarter. Invesco Ltd. now owns 16,889 shares of the bank’s stock worth $1,180,000 after acquiring an additional 560 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Republic Bancorp during the fourth quarter worth about $375,000. 24.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Hovde Group raised their price objective on shares of 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 Stock Performance

Shares of RBCAA stock opened at $68.64 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The company has a 50 day moving average price of $69.09 and a 200-day moving average price of $67.95. Republic Bancorp, Inc. has a 52 week low of $48.67 and a 52 week high of $80.68. The firm has a market capitalization of $1.34 billion, a PE ratio of 11.31 and a beta of 0.51.

Republic Bancorp (NASDAQ:RBCAA) last released its earnings results on Thursday, April 24th. The bank reported $2.42 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.56. The company had revenue of $135.84 million for the quarter, compared to the consensus estimate of $126.90 million. Republic Bancorp had a return on equity of 11.92% and a net margin of 22.94%.

Republic Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Friday, June 20th will be issued a $0.451 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, June 20th. Republic Bancorp’s dividend payout ratio (DPR) is presently 29.65%.

Insider Activity at Republic Bancorp

In other news, EVP Christy Ames sold 700 shares of the firm’s stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $70.50, for a total value of $49,350.00. Following the completion of the sale, the executive vice president now directly owns 5,044 shares of the company’s stock, valued at $355,602. This trade represents a 12.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 56.40% of the stock is currently owned by insiders.

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.