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

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

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Republic Bancorp by 11.7% during the 1st quarter. Vanguard Group Inc. now owns 575,166 shares of the bank’s stock valued at $36,707,000 after purchasing an additional 60,300 shares in the last quarter. Geode Capital Management LLC boosted its position in Republic Bancorp by 9.0% in the 2nd quarter. Geode Capital Management LLC now owns 234,101 shares of the bank’s stock valued at $17,118,000 after buying an additional 19,271 shares during the last quarter. Empowered Funds LLC grew its stake in shares of Republic Bancorp by 2.0% during the second quarter. Empowered Funds LLC now owns 63,513 shares of the bank’s stock valued at $4,643,000 after acquiring an additional 1,219 shares in the last quarter. Inspire Advisors LLC grew its stake in shares of Republic Bancorp by 12.6% during the second quarter. Inspire Advisors LLC now owns 44,225 shares of the bank’s stock valued at $3,233,000 after acquiring an additional 4,947 shares in the last quarter. Finally, Los Angeles Capital Management LLC increased its position in shares of Republic Bancorp by 1.5% during the second quarter. Los Angeles Capital Management LLC now owns 25,995 shares of the bank’s stock worth $1,900,000 after acquiring an additional 385 shares during the last quarter. 24.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Republic Bancorp

In other Republic Bancorp news, EVP Christy Ames sold 400 shares of the business’s stock in a transaction on 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 transaction, the executive vice president owned 4,738 shares in the company, valued at approximately $359,093.02. The trade was a 7.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 56.40% of the company’s stock.

Republic Bancorp Trading Down 1.1%

Republic Bancorp stock opened at $68.21 on Wednesday. Republic Bancorp, Inc. has a 52-week low of $56.79 and a 52-week high of $78.25. 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 capitalization of $1.33 billion, a price-to-earnings ratio of 10.45 and a beta of 0.59. The firm has a 50-day moving average price of $68.76 and a two-hundred day moving average price of $71.33.

Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings results on Friday, October 17th. The bank reported $1.52 earnings per share for the quarter, beating analysts’ consensus estimates of $1.38 by $0.14. The company had revenue of $93.54 million for 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 firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, December 19th will be paid a dividend of $0.451 per share. The ex-dividend date of this dividend is Friday, December 19th. This represents a $1.80 annualized dividend and a yield of 2.6%. Republic Bancorp’s payout ratio is presently 27.57%.

Analyst Ratings Changes

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

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.