Republic Bancorp, Inc. $RBCAA Shares Acquired by American Century Companies Inc.

American Century Companies Inc. boosted its position in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 13.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 238,979 shares of the bank’s stock after purchasing an additional 28,976 shares during the period. American Century Companies Inc. owned about 1.22% of Republic Bancorp worth $17,472,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its stake in shares of Republic Bancorp by 33.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,000 shares of the bank’s stock worth $146,000 after buying an additional 500 shares in the last quarter. State of Wyoming boosted its stake in shares of Republic Bancorp by 34.1% in the first quarter. State of Wyoming now owns 967 shares of the bank’s stock valued at $62,000 after buying an additional 246 shares in the last quarter. Inspire Advisors LLC boosted its stake in shares of Republic Bancorp by 12.6% in the second quarter. Inspire Advisors LLC now owns 44,225 shares of the bank’s stock valued at $3,233,000 after buying an additional 4,947 shares in the last quarter. Voleon Capital Management LP acquired a new position in Republic Bancorp during the first quarter worth $247,000. Finally, Geode Capital Management LLC grew its holdings in Republic Bancorp by 9.0% during the second quarter. Geode Capital Management LLC now owns 234,101 shares of the bank’s stock worth $17,118,000 after acquiring an additional 19,271 shares during the period. Hedge funds and other institutional investors own 24.37% of the company’s stock.

Insiders Place Their Bets

In other Republic Bancorp news, EVP Christy Ames sold 400 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $75.79, for a total transaction of $30,316.00. Following the completion of the sale, the executive vice president owned 4,738 shares of the company’s stock, valued at approximately $359,093.02. The trade was a 7.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 56.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Republic Bancorp in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Republic Bancorp has an average rating of “Hold” and an average target price of $69.00.

Republic Bancorp Trading Down 1.1%

Shares of Republic Bancorp stock opened at $68.21 on Wednesday. Republic Bancorp, Inc. has a fifty-two week low of $56.79 and a fifty-two week high of $78.25. The business’s fifty day moving average is $68.76 and its two-hundred day moving average is $71.33. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 0.35. The firm has a market cap of $1.33 billion, a PE ratio of 10.45 and a beta of 0.59.

Republic Bancorp (NASDAQ:RBCAA) last posted its quarterly earnings results on Friday, October 17th. The bank reported $1.52 EPS for the quarter, beating the consensus estimate of $1.38 by $0.14. The company had revenue of $93.54 million during the quarter, compared to analysts’ expectations of $92.50 million. Republic Bancorp had a return on equity of 12.40% and a net margin of 24.53%.

Republic Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, December 19th will be issued a $0.451 dividend. The ex-dividend date is Friday, December 19th. This represents a $1.80 dividend on an annualized basis and a yield of 2.6%. Republic Bancorp’s dividend payout ratio (DPR) is presently 27.57%.

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.