Swiss National Bank Has $1.07 Million Stock Position in Republic Bancorp, Inc. $RBCAA

Swiss National Bank decreased its stake in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 1.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 16,800 shares of the bank’s stock after selling 300 shares during the quarter. Swiss National Bank owned 0.09% of Republic Bancorp worth $1,072,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of RBCAA. Vanguard Group Inc. boosted its position in shares of Republic Bancorp by 11.7% in the 1st quarter. Vanguard Group Inc. now owns 575,166 shares of the bank’s stock valued at $36,707,000 after purchasing an additional 60,300 shares during the period. Cary Street Partners Financial LLC purchased a new stake in shares of Republic Bancorp during the 4th quarter worth about $2,931,000. Wealth Dimensions Group Ltd. purchased a new stake in shares of Republic Bancorp during the 1st quarter worth about $757,000. Inspire Advisors LLC raised its stake in shares of Republic Bancorp by 33.0% in the 1st quarter. Inspire Advisors LLC now owns 39,278 shares of the bank’s stock valued at $2,507,000 after acquiring an additional 9,741 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of Republic Bancorp by 15,400.0% in the 1st quarter. GAMMA Investing LLC now owns 5,425 shares of the bank’s stock valued at $346,000 after acquiring an additional 5,390 shares in the last quarter. Institutional investors and hedge funds own 24.37% of the company’s stock.

Republic Bancorp Price Performance

Shares of NASDAQ:RBCAA opened at $75.94 on Tuesday. Republic Bancorp, Inc. has a 1-year low of $56.79 and a 1-year high of $80.68. The firm has a market capitalization of $1.48 billion, a PE ratio of 11.90 and a beta of 0.56. The business’s 50 day moving average is $72.43 and its 200-day moving average is $68.88. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.35.

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

Republic Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, September 19th will be paid a $0.451 dividend. The ex-dividend date of this dividend is Friday, September 19th. This represents a $1.80 annualized dividend and a yield of 2.4%. Republic Bancorp’s payout ratio is currently 28.21%.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, EVP Christy Ames sold 700 shares of the business’s stock in a transaction 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 sale, the executive vice president owned 5,044 shares of the company’s stock, valued at $355,602. The trade was a 12.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 56.40% of the stock is currently owned by corporate insiders.

About Republic Bancorp

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.