Inspire Investing LLC Has $361,000 Holdings in Republic Bancorp, Inc. (NASDAQ:RBCAA)

Inspire Investing LLC increased its stake in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 3.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,076 shares of the bank’s stock after purchasing an additional 245 shares during the period. Inspire Investing LLC’s holdings in Republic Bancorp were worth $361,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of Republic Bancorp by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 487,758 shares of the bank’s stock worth $21,486,000 after buying an additional 5,351 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Republic Bancorp by 27.9% during the 4th quarter. SG Americas Securities LLC now owns 4,953 shares of the bank’s stock worth $273,000 after buying an additional 1,079 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Republic Bancorp during the 4th quarter worth about $413,000. D. Scott Neal Inc. boosted its stake in shares of Republic Bancorp by 7.1% during the 4th quarter. D. Scott Neal Inc. now owns 22,488 shares of the bank’s stock worth $1,249,000 after buying an additional 1,488 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Republic Bancorp by 107.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 6,781 shares of the bank’s stock worth $374,000 after buying an additional 3,507 shares during the last quarter. 24.37% of the stock is owned by institutional investors and hedge funds.

Republic Bancorp Stock Down 2.6 %

Shares of RBCAA stock opened at $60.14 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.03 and a current ratio of 1.05. The firm’s 50-day moving average is $52.37 and its 200-day moving average is $51.02. The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 12.97 and a beta of 0.54. Republic Bancorp, Inc. has a 52-week low of $42.42 and a 52-week high of $62.09.

Republic Bancorp (NASDAQ:RBCAA) last issued its earnings results on Thursday, April 25th. The bank reported $1.58 earnings per share (EPS) for the quarter. The company had revenue of $120.29 million for the quarter. Republic Bancorp had a net margin of 20.27% and a return on equity of 10.10%.

Republic Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, June 21st will be issued a $0.407 dividend. The ex-dividend date is Friday, June 21st. This represents a $1.63 annualized dividend and a yield of 2.71%. Republic Bancorp’s dividend payout ratio is currently 34.24%.

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.