Public Employees Retirement System of Ohio Has $146,000 Position in Republic Bancorp, Inc. $RBCAA

Public Employees Retirement System of Ohio boosted its stake in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) by 33.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,000 shares of the bank’s stock after buying an additional 500 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Republic Bancorp were worth $146,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. US Bancorp DE lifted its holdings in Republic Bancorp by 294.7% during the 1st quarter. US Bancorp DE now owns 750 shares of the bank’s stock worth $48,000 after buying an additional 560 shares during the period. State of Wyoming lifted its holdings in Republic Bancorp by 34.1% during the 1st quarter. State of Wyoming now owns 967 shares of the bank’s stock worth $62,000 after buying an additional 246 shares during the period. Bessemer Group Inc. acquired a new position in Republic Bancorp during the 1st quarter worth about $128,000. Strs Ohio acquired a new position in Republic Bancorp during the 1st quarter worth about $243,000. Finally, Voleon Capital Management LP acquired a new position in Republic Bancorp during the 1st quarter worth about $247,000. 24.37% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Republic Bancorp

In other Republic Bancorp news, EVP Juan Montano sold 1,223 shares of Republic Bancorp stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $75.53, for a total transaction of $92,373.19. Following the completion of the transaction, the executive vice president owned 4,434 shares in the company, valued at approximately $334,900.02. The trade was a 21.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christy Ames sold 400 shares of Republic Bancorp stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $75.79, for a total value of $30,316.00. Following the transaction, the executive vice president owned 4,738 shares of the company’s stock, valued at $359,093.02. This trade represents a 7.79% decrease in their position. The disclosure for this sale can be found here. 56.40% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Raymond James Financial assumed coverage on Republic Bancorp in a research report on Friday, June 27th. They issued a “market perform” rating for the company. Weiss Ratings reissued a “buy (b)” rating on shares of Republic Bancorp in a research report on Saturday, September 27th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Republic Bancorp currently has an average rating of “Hold” and an average price target of $69.00.

Republic Bancorp Stock Performance

Shares of Republic Bancorp stock opened at $70.74 on Wednesday. Republic Bancorp, Inc. has a one year low of $56.79 and a one year high of $80.68. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 11.09 and a beta of 0.53. The business has a 50-day simple moving average of $73.40 and a 200 day simple moving average of $70.78. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.08 and a quick ratio of 1.07.

Republic Bancorp (NASDAQ:RBCAA) last issued its earnings results on Friday, July 18th. The bank reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.19. The business had revenue of $93.00 million during 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, September 19th will be paid a dividend of $0.451 per share. The ex-dividend date is Friday, September 19th. This represents a $1.80 dividend on an annualized basis and a yield of 2.6%. Republic Bancorp’s payout ratio is 28.21%.

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.