Republic Bancorp, Inc. (NASDAQ:RBCAA) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC lowered its position in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 215,642 shares of the bank’s stock after selling 3,986 shares during the quarter. Geode Capital Management LLC’s holdings in Republic Bancorp were worth $15,069,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Norges Bank purchased a new stake in shares of Republic Bancorp during the 4th quarter valued at about $1,803,000. American Century Companies Inc. grew its position in Republic Bancorp by 14.0% in the fourth quarter. American Century Companies Inc. now owns 186,117 shares of the bank’s stock valued at $13,004,000 after acquiring an additional 22,818 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Republic Bancorp by 119.8% during the fourth quarter. JPMorgan Chase & Co. now owns 36,567 shares of the bank’s stock valued at $2,555,000 after purchasing an additional 19,932 shares during the period. Vanguard Group Inc. lifted its position in shares of Republic Bancorp by 4.0% during the fourth quarter. Vanguard Group Inc. now owns 514,866 shares of the bank’s stock worth $35,974,000 after purchasing an additional 19,756 shares in the last quarter. Finally, Allworth Financial LP boosted its stake in shares of Republic Bancorp by 3,326.8% in the fourth quarter. Allworth Financial LP now owns 11,137 shares of the bank’s stock valued at $756,000 after purchasing an additional 10,812 shares during the period. Institutional investors and hedge funds own 24.37% of the company’s stock.

Analysts Set New Price Targets

Separately, Hovde Group decreased their price target on shares of Republic Bancorp from $72.00 to $70.00 and set a “market perform” rating for the company in a research report on Monday, January 27th.

Insider Buying and Selling

In other news, Director David P. Feaster sold 1,406 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were 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 directly owns 4,303 shares in the company, valued at $285,805.26. This trade represents a 24.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP John T. Rippy sold 3,082 shares of the business’s stock in a transaction that occurred on Thursday, January 30th. The stock was sold at an average price of $65.99, for a total value of $203,381.18. Following 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 position. The disclosure for this sale can be found here. Corporate insiders own 56.40% of the company’s stock.

Republic Bancorp Stock Performance

Shares of RBCAA opened at $64.09 on Monday. Republic Bancorp, Inc. has a 12-month low of $48.10 and a 12-month high of $80.68. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.12 and a quick ratio of 1.11. The business’s fifty day moving average price is $64.54 and its 200 day moving average price is $68.35. The stock has a market capitalization of $1.25 billion, a PE ratio of 12.25 and a beta of 0.46.

Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings data on Friday, January 24th. The bank reported $0.98 earnings per share 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 disclosed a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, March 21st were issued a $0.451 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.81%. This is a positive change from Republic Bancorp’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend was Friday, March 21st. Republic Bancorp’s dividend payout ratio is 34.42%.

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.