American Century Companies Inc. Grows Position in Republic Bancorp, Inc. (NASDAQ:RBCAA)

American Century Companies Inc. boosted its holdings in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) by 14.0% during the 4th quarter, Holdings Channel reports. The fund owned 186,117 shares of the bank’s stock after buying an additional 22,818 shares during the period. American Century Companies Inc.’s holdings in Republic Bancorp were worth $13,004,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Cerity Partners LLC lifted its position in shares of Republic Bancorp by 1.4% during the third quarter. Cerity Partners LLC now owns 12,501 shares of the bank’s stock valued at $816,000 after buying an additional 167 shares during the last quarter. Meridian Wealth Management LLC lifted its position in Republic Bancorp by 3.3% during the fourth quarter. Meridian Wealth Management LLC now owns 6,184 shares of the bank’s stock valued at $432,000 after acquiring an additional 200 shares during the last quarter. Rhumbline Advisers boosted its stake in Republic Bancorp by 4.1% in the fourth quarter. Rhumbline Advisers now owns 14,238 shares of the bank’s stock valued at $995,000 after acquiring an additional 567 shares in the last quarter. New York State Teachers Retirement System grew its holdings in Republic Bancorp by 659.0% in the fourth quarter. New York State Teachers Retirement System now owns 759 shares of the bank’s stock worth $53,000 after purchasing an additional 659 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Republic Bancorp by 22.8% during the 4th quarter. SG Americas Securities LLC now owns 3,851 shares of the bank’s stock valued at $269,000 after purchasing an additional 714 shares during the last quarter. Institutional investors own 24.37% of the company’s stock.

Insider Buying and Selling at Republic Bancorp

In related news, Director David P. Feaster sold 1,406 shares of the company’s stock in a transaction dated Wednesday, January 29th. The stock was sold at an average price of $66.42, for a total value of $93,386.52. Following the completion of the transaction, the director now owns 4,303 shares of the company’s stock, valued at approximately $285,805.26. This represents a 24.63 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John T. Rippy sold 3,082 shares of the firm’s stock in a transaction that occurred on Thursday, January 30th. The shares were sold at an average price of $65.99, for a total value of $203,381.18. Following the completion of the sale, the executive vice president now directly owns 23,105 shares in the company, valued at approximately $1,524,698.95. The trade was a 11.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 56.40% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Hovde Group dropped their price target on Republic Bancorp from $72.00 to $70.00 and set a “market perform” rating on the stock in a research note on Monday, January 27th.

Republic Bancorp Trading Down 0.1 %

Shares of NASDAQ:RBCAA opened at $63.75 on Wednesday. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.38. Republic Bancorp, Inc. has a 52-week low of $46.81 and a 52-week high of $80.68. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 12.19 and a beta of 0.46. The business has a 50-day moving average price of $65.99 and a 200-day moving average price of $68.65.

Republic Bancorp (NASDAQ:RBCAA) last posted its quarterly earnings results on Friday, January 24th. The bank reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.22). Republic Bancorp had a return on equity of 10.60% and a net margin of 20.05%.

Republic Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be issued a $0.451 dividend. This represents a $1.80 annualized dividend and a yield of 2.83%. This is a positive change from Republic Bancorp’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, March 21st. Republic Bancorp’s dividend payout ratio is presently 34.42%.

Republic Bancorp Company 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.