Los Angeles Capital Management LLC Increases Position in Republic Bancorp, Inc. (NASDAQ:RBCAA)

Los Angeles Capital Management LLC increased its position in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) by 50.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 31,822 shares of the bank’s stock after acquiring an additional 10,617 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.16% of Republic Bancorp worth $2,078,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Innealta Capital LLC purchased a new position in shares of Republic Bancorp during the 2nd quarter worth about $67,000. Acadian Asset Management LLC acquired a new position in Republic Bancorp during the second quarter worth approximately $87,000. Independence Bank of Kentucky raised its stake in Republic Bancorp by 4,133.3% during the second quarter. Independence Bank of Kentucky now owns 3,175 shares of the bank’s stock worth $170,000 after purchasing an additional 3,100 shares during the period. SG Americas Securities LLC purchased a new position in Republic Bancorp during the third quarter worth approximately $205,000. Finally, SeaCrest Wealth Management LLC acquired a new position in shares of Republic Bancorp in the 3rd quarter valued at $208,000. 24.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Republic Bancorp

In other news, EVP Christy Ames sold 1,715 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $63.72, for a total value of $109,279.80. Following the completion of the transaction, the executive vice president now directly owns 4,240 shares in the company, valued at $270,172.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Christy Ames sold 1,715 shares of Republic Bancorp stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $63.72, for a total transaction of $109,279.80. Following the transaction, the executive vice president now directly owns 4,240 shares of the company’s stock, valued at $270,172.80. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Juan Montano sold 2,750 shares of the business’s stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $63.37, for a total transaction of $174,267.50. Following the completion of the sale, the executive vice president now owns 8,558 shares in the company, valued at approximately $542,320.46. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,715 shares of company stock worth $299,172 over the last ninety days. 55.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Hovde Group lowered Republic Bancorp from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $78.00 to $80.00 in a research note on Wednesday.

Republic Bancorp Stock Performance

Republic Bancorp stock opened at $76.43 on Thursday. Republic Bancorp, Inc. has a 12-month low of $46.00 and a 12-month high of $79.75. 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 company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 14.89 and a beta of 0.51. The firm’s fifty day moving average price is $66.34 and its 200 day moving average price is $59.61.

Republic Bancorp (NASDAQ:RBCAA) last issued its quarterly earnings data on Friday, October 18th. The bank reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.16. Republic Bancorp had a return on equity of 10.79% and a net margin of 20.65%. The firm had revenue of $118.36 million during the quarter.

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.