American Century Companies Inc. Has $13.40 Million Holdings in Republic Bancorp, Inc. $RBCAA

American Century Companies Inc. boosted its position in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 12.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 210,003 shares of the bank’s stock after buying an additional 23,886 shares during the quarter. American Century Companies Inc. owned approximately 1.08% of Republic Bancorp worth $13,402,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Republic Bancorp by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,711 shares of the bank’s stock valued at $329,000 after buying an additional 164 shares during the last quarter. Formidable Asset Management LLC grew its stake in Republic Bancorp by 0.6% in the 1st quarter. Formidable Asset Management LLC now owns 30,382 shares of the bank’s stock valued at $1,939,000 after buying an additional 183 shares during the last quarter. Hohimer Wealth Management LLC boosted its holdings in Republic Bancorp by 5.1% in the 1st quarter. Hohimer Wealth Management LLC now owns 3,879 shares of the bank’s stock valued at $248,000 after purchasing an additional 187 shares during the period. Denali Advisors LLC boosted its holdings in Republic Bancorp by 1.5% in the 1st quarter. Denali Advisors LLC now owns 19,984 shares of the bank’s stock valued at $1,275,000 after purchasing an additional 305 shares during the period. Finally, MetLife Investment Management LLC boosted its holdings in Republic Bancorp by 12.1% in the 4th quarter. MetLife Investment Management LLC now owns 5,008 shares of the bank’s stock valued at $350,000 after purchasing an additional 539 shares during the period. 24.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Christy Ames sold 700 shares of the company’s stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $70.50, for a total transaction of $49,350.00. Following the transaction, the executive vice president directly owned 5,044 shares in the company, valued at approximately $355,602. This represents a 12.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 56.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Raymond James Financial began coverage on shares of Republic Bancorp in a report on Friday, June 27th. They issued a “market perform” rating for the company. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Republic Bancorp has an average rating of “Hold” and an average price target of $69.00.

Republic Bancorp Trading Down 0.4%

Shares of RBCAA stock opened at $75.94 on Tuesday. Republic Bancorp, Inc. has a 12-month low of $56.79 and a 12-month high of $80.68. The company has a market capitalization of $1.48 billion, a P/E ratio of 11.90 and a beta of 0.56. The firm has a 50-day moving average price of $72.43 and a 200 day moving average price of $68.88. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 0.35.

Republic Bancorp (NASDAQ:RBCAA) last announced its quarterly earnings results on Friday, July 18th. The bank reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.19. Republic Bancorp had a net margin of 23.98% and a return on equity of 12.23%. The firm had revenue of $93.00 million during the quarter, compared to the consensus estimate of $93.50 million.

Republic Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 17th. Stockholders of record on Friday, September 19th will be given a dividend of $0.451 per share. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, September 19th. Republic Bancorp’s dividend payout ratio is presently 28.21%.

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.