Assenagon Asset Management S.A. Invests $1.32 Million in Republic Bancorp, Inc. KY (RBCAA) Stock

Assenagon Asset Management S.A. acquired a new stake in Republic Bancorp, Inc. KY (NASDAQ:RBCAA) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 28,523 shares of the bank’s stock, valued at approximately $1,315,000. Assenagon Asset Management S.A. owned about 0.14% of Republic Bancorp, Inc. KY at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in RBCAA. BlackRock Inc. grew its stake in shares of Republic Bancorp, Inc. KY by 14.1% in the 2nd quarter. BlackRock Inc. now owns 918,075 shares of the bank’s stock valued at $41,590,000 after buying an additional 113,318 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Republic Bancorp, Inc. KY by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 808,398 shares of the bank’s stock valued at $36,621,000 after buying an additional 9,302 shares during the period. Northern Trust Corp grew its stake in shares of Republic Bancorp, Inc. KY by 2.0% in the 1st quarter. Northern Trust Corp now owns 133,659 shares of the bank’s stock valued at $5,118,000 after buying an additional 2,648 shares during the period. Renaissance Technologies LLC grew its stake in shares of Republic Bancorp, Inc. KY by 32.5% in the 2nd quarter. Renaissance Technologies LLC now owns 102,300 shares of the bank’s stock valued at $4,634,000 after buying an additional 25,100 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of Republic Bancorp, Inc. KY by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 82,890 shares of the bank’s stock valued at $3,754,000 after buying an additional 1,230 shares during the period. Institutional investors own 25.53% of the company’s stock.

NASDAQ:RBCAA opened at $45.32 on Friday. The company has a debt-to-equity ratio of 1.36, a current ratio of 1.25 and a quick ratio of 1.24. The company has a market cap of $952.79 million, a P/E ratio of 14.52 and a beta of 0.44. Republic Bancorp, Inc. KY has a fifty-two week low of $34.24 and a fifty-two week high of $50.70.

A number of equities analysts recently weighed in on the stock. Hovde Group set a $51.00 price objective on shares of Republic Bancorp, Inc. KY and gave the stock a “hold” rating in a research report on Monday, July 23rd. BidaskClub cut shares of Republic Bancorp, Inc. KY from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 29th.

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Republic Bancorp, Inc. KY Profile

Republic Bancorp, Inc, a financial holding company, provides banking products and services in the United States. It operates in five segments: Traditional Banking, Warehouse Lending, Mortgage Banking, Tax Refund Solutions, and Republic Credit Solutions. The company accepts demand, savings, time, and brokered and other certificates of deposits; and money market and individual retirement accounts.

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Institutional Ownership by Quarter for Republic Bancorp, Inc. KY (NASDAQ:RBCAA)

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