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

American Century Companies Inc. boosted its holdings in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 11.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 265,298 shares of the bank’s stock after buying an additional 26,319 shares during the quarter. American Century Companies Inc. owned approximately 1.36% of Republic Bancorp worth $19,168,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of RBCAA. State of Alaska Department of Revenue acquired a new stake in shares of Republic Bancorp during the 3rd quarter worth about $50,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Republic Bancorp in the third quarter valued at approximately $60,000. Quent Capital LLC acquired a new position in Republic Bancorp in the third quarter valued at approximately $73,000. CWM LLC increased its stake in Republic Bancorp by 101.8% in the third quarter. CWM LLC now owns 1,227 shares of the bank’s stock valued at $89,000 after purchasing an additional 619 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Republic Bancorp in the second quarter valued at approximately $121,000. 24.37% of the stock is owned by hedge funds and other institutional investors.

Republic Bancorp Stock Up 0.4%

RBCAA stock opened at $68.66 on Wednesday. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 10.22 and a beta of 0.59. The company has a fifty day moving average price of $71.11 and a 200 day moving average price of $71.12. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.08 and a quick ratio of 1.05. Republic Bancorp, Inc. has a 12 month low of $56.79 and a 12 month high of $78.25.

Republic Bancorp (NASDAQ:RBCAA) last issued its quarterly earnings data on Friday, January 30th. The bank reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.30 by ($0.13). The business had revenue of $94.27 million for the quarter, compared to analysts’ expectations of $92.50 million. Republic Bancorp had a return on equity of 12.27% and a net margin of 25.19%.

Republic Bancorp Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Friday, March 20th will be issued a dividend of $0.495 per share. This is an increase from Republic Bancorp’s previous quarterly dividend of $0.45. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, March 20th. Republic Bancorp’s dividend payout ratio is 26.79%.

Analysts Set New Price Targets

Several analysts have recently weighed in on RBCAA shares. Weiss Ratings restated a “buy (b)” rating on shares of Republic Bancorp in a research report on Thursday, January 22nd. Wall Street Zen upgraded shares of Republic Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, February 28th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Republic Bancorp currently has a consensus rating of “Hold” and a consensus target price of $69.00.

About Republic Bancorp

Republic Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, that operates through its principal subsidiary, Republic Bank & Trust Company. The company provides a full suite of commercial and retail banking services tailored to individuals, small businesses and middle‐market clients. Core offerings include deposit accounts, consumer and commercial lending, treasury and cash-management services, mortgage financing, SBA lending and wealth management solutions. Republic Bancorp also supports specialized financing needs through equipment leasing and small business advisory services.

Republic Bancorp’s branch network spans key markets in the U.S.