4,014 Shares in Republic Bancorp, Inc. (NASDAQ:RBCAA) Purchased by Baron Silver Stevens Financial Advisors LLC

Baron Silver Stevens Financial Advisors LLC acquired a new stake in Republic Bancorp, Inc. (NASDAQ:RBCAA) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 4,014 shares of the bank’s stock, valued at approximately $280,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RBCAA. Geode Capital Management LLC lifted its stake in shares of Republic Bancorp by 4.5% in the third quarter. Geode Capital Management LLC now owns 219,628 shares of the bank’s stock valued at $14,345,000 after purchasing an additional 9,430 shares during the period. Barclays PLC boosted its stake in shares of Republic Bancorp by 338.3% during the 3rd quarter. Barclays PLC now owns 12,736 shares of the bank’s stock worth $831,000 after acquiring an additional 9,830 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in shares of Republic Bancorp by 50.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 31,822 shares of the bank’s stock worth $2,078,000 after acquiring an additional 10,617 shares during the period. The Manufacturers Life Insurance Company purchased a new position in Republic Bancorp in the 3rd quarter valued at approximately $224,000. Finally, State Street Corp raised its holdings in Republic Bancorp by 2.2% during the third quarter. State Street Corp now owns 210,298 shares of the bank’s stock worth $13,816,000 after purchasing an additional 4,429 shares during the last quarter. Institutional investors and hedge funds own 24.37% of the company’s stock.

Republic Bancorp Trading Down 1.8 %

RBCAA stock opened at $67.91 on Thursday. Republic Bancorp, Inc. has a 52 week low of $46.55 and a 52 week high of $80.68. The company has a market cap of $1.32 billion, a price-to-earnings ratio of 12.91 and a beta of 0.56. 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 business has a fifty day simple moving average of $72.44 and a 200-day simple moving average of $66.93.

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 given a dividend of $0.451 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.66%. This is a boost from Republic Bancorp’s previous quarterly dividend of $0.41. Republic Bancorp’s payout ratio is 30.99%.

Analysts Set New Price Targets

Separately, Hovde Group downgraded shares of Republic Bancorp from an “outperform” rating to a “market perform” rating and upped their price target for the company from $78.00 to $80.00 in a report on Wednesday, November 13th.

Insiders Place Their Bets

In related news, Director Heather V. Howell sold 1,496 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $75.63, for a total transaction of $113,142.48. Following the sale, the director now directly owns 7,491 shares in the company, valued at approximately $566,544.33. This trade represents a 16.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 55.50% of the stock is owned by insiders.

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.