Republic Bancorp, Inc. (NASDAQ:RBCAA) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lowered its holdings in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) by 69.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,974 shares of the bank’s stock after selling 6,774 shares during the period. BNP Paribas Financial Markets’ holdings in Republic Bancorp were worth $194,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Inspire Advisors LLC acquired a new stake in shares of Republic Bancorp during the second quarter valued at $1,546,000. Los Angeles Capital Management LLC boosted its stake in shares of Republic Bancorp by 50.1% during the 3rd quarter. Los Angeles Capital Management LLC now owns 31,822 shares of the bank’s stock worth $2,078,000 after purchasing an additional 10,617 shares during the last quarter. American Century Companies Inc. grew its holdings in shares of Republic Bancorp by 17.0% during the second quarter. American Century Companies Inc. now owns 146,090 shares of the bank’s stock worth $7,832,000 after buying an additional 21,261 shares in the last quarter. Independence Bank of Kentucky raised its position in shares of Republic Bancorp by 4,133.3% in the second quarter. Independence Bank of Kentucky now owns 3,175 shares of the bank’s stock valued at $170,000 after buying an additional 3,100 shares during the last quarter. Finally, SeaCrest Wealth Management LLC purchased a new position in shares of Republic Bancorp during the third quarter valued at approximately $208,000. Hedge funds and other institutional investors own 24.37% of the company’s stock.

Analysts Set New Price Targets

Separately, Hovde Group cut shares of Republic Bancorp from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $78.00 to $80.00 in a research note on Wednesday, November 13th.

Republic Bancorp Stock Performance

NASDAQ RBCAA opened at $75.09 on Wednesday. The business’s 50-day moving average price is $72.65 and its 200 day moving average price is $63.75. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. Republic Bancorp, Inc. has a twelve month low of $46.55 and a twelve month high of $80.68. The company has a market capitalization of $1.46 billion, a PE ratio of 14.28 and a beta of 0.54.

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

Republic Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, December 20th will be issued a $0.407 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.17%. Republic Bancorp’s dividend payout ratio (DPR) is presently 30.80%.

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.