Republic Bancorp, Inc. $RBCAA Shares Bought by State of Wyoming

State of Wyoming lifted its holdings in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 34.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 967 shares of the bank’s stock after acquiring an additional 246 shares during the period. State of Wyoming’s holdings in Republic Bancorp were worth $62,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Republic Bancorp by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,711 shares of the bank’s stock valued at $329,000 after purchasing an additional 164 shares in the last quarter. Formidable Asset Management LLC grew its holdings in Republic Bancorp by 0.6% during the 1st quarter. Formidable Asset Management LLC now owns 30,382 shares of the bank’s stock valued at $1,939,000 after purchasing an additional 183 shares in the last quarter. Hohimer Wealth Management LLC grew its holdings in Republic Bancorp by 5.1% during 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 in the last quarter. Denali Advisors LLC grew its holdings in Republic Bancorp by 1.5% during 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 in the last quarter. Finally, US Bancorp DE grew its holdings in Republic Bancorp by 294.7% during the 1st quarter. US Bancorp DE now owns 750 shares of the bank’s stock valued at $48,000 after purchasing an additional 560 shares in the last quarter. Institutional investors and hedge funds own 24.37% of the company’s stock.

Analyst Ratings Changes

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

Republic Bancorp Trading Up 0.3%

Republic Bancorp stock opened at $77.06 on Tuesday. The firm’s 50-day moving average is $73.67 and its 200-day moving average is $69.58. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.07 and a current ratio of 1.08. Republic Bancorp, Inc. has a 1 year low of $56.79 and a 1 year high of $80.68. The company has a market cap of $1.50 billion, a P/E ratio of 12.08 and a beta of 0.58.

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

Republic Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Investors of record on Friday, September 19th will be given a $0.451 dividend. The ex-dividend date is Friday, September 19th. This represents a $1.80 annualized dividend and a yield of 2.3%. Republic Bancorp’s dividend payout ratio (DPR) is currently 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.