Tower Research Capital LLC TRC Buys 742 Shares of Republic Bancorp, Inc. (NASDAQ:RBCAA)

Tower Research Capital LLC TRC increased its stake in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 206.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,101 shares of the bank’s stock after purchasing an additional 742 shares during the period. Tower Research Capital LLC TRC’s holdings in Republic Bancorp were worth $77,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of RBCAA. New York State Teachers Retirement System increased its stake in shares of Republic Bancorp by 659.0% in the 4th quarter. New York State Teachers Retirement System now owns 759 shares of the bank’s stock valued at $53,000 after purchasing an additional 659 shares during the last quarter. Sei Investments Co. acquired a new position in Republic Bancorp during the fourth quarter worth about $208,000. SG Americas Securities LLC lifted its holdings in shares of Republic Bancorp by 22.8% in the fourth quarter. SG Americas Securities LLC now owns 3,851 shares of the bank’s stock worth $269,000 after acquiring an additional 714 shares during the last quarter. Baron Silver Stevens Financial Advisors LLC acquired a new stake in shares of Republic Bancorp in the 4th quarter valued at approximately $280,000. Finally, Pillar Financial Advisors LLC bought a new stake in shares of Republic Bancorp during the 4th quarter valued at approximately $286,000. Institutional investors and hedge funds own 24.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Hovde Group increased their price objective on shares of Republic Bancorp from $64.00 to $69.00 and gave the company a “market perform” rating in a research note on Friday, April 25th.

Republic Bancorp Stock Performance

Shares of RBCAA stock opened at $71.50 on Friday. Republic Bancorp, Inc. has a twelve month low of $48.67 and a twelve month high of $80.68. The stock’s fifty day simple moving average is $65.11 and its 200 day simple moving average is $68.64. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $1.39 billion, a P/E ratio of 13.67 and a beta of 0.51.

Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings results on Thursday, April 24th. The bank reported $2.42 earnings per share for the quarter, topping the consensus estimate of $1.86 by $0.56. Republic Bancorp had a return on equity of 10.60% and a net margin of 20.05%. The company had revenue of $135.84 million for the quarter, compared to analysts’ expectations of $126.90 million.

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.