State Board of Administration of Florida Retirement System continued to hold its position in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,777 shares of the bank’s stock at the end of the first quarter. State Board of Administration of Florida Retirement System’s holdings in Republic Bancorp were worth $336,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in RBCAA. Two Sigma Investments LP purchased a new stake in shares of Republic Bancorp during the fourth quarter worth approximately $292,000. State Street Corp raised its position in Republic Bancorp by 3.3% in the fourth quarter. State Street Corp now owns 172,143 shares of the bank’s stock worth $6,805,000 after buying an additional 5,516 shares in the last quarter. Norges Bank bought a new position in Republic Bancorp during the fourth quarter worth $10,382,000. Russell Investments Group Ltd. bought a new position in Republic Bancorp during the fourth quarter worth $130,000. Finally, Renaissance Technologies LLC raised its position in Republic Bancorp by 57.1% in the fourth quarter. Renaissance Technologies LLC now owns 82,800 shares of the bank’s stock worth $3,274,000 after buying an additional 30,100 shares in the last quarter. 25.96% of the stock is owned by institutional investors and hedge funds.
Republic Bancorp, Inc. (NASDAQ RBCAA) traded up 0.34% during trading on Friday, hitting $35.72. The stock had a trading volume of 9,373 shares. Republic Bancorp, Inc. has a 52-week low of $28.56 and a 52-week high of $40.74. The firm has a market cap of $745.01 million, a P/E ratio of 15.01 and a beta of 0.48. The company has a 50-day moving average of $35.79 and a 200 day moving average of $35.32.
Republic Bancorp (NASDAQ:RBCAA) last announced its quarterly earnings data on Friday, July 21st. The bank reported $0.48 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.48. Republic Bancorp had a net margin of 19.33% and a return on equity of 8.20%. The business had revenue of $56.06 million for the quarter. On average, equities research analysts predict that Republic Bancorp, Inc. will post $2.34 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 15th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.88 annualized dividend and a yield of 2.46%. Republic Bancorp’s dividend payout ratio is currently 36.82%.
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A number of research analysts have recently weighed in on the company. BidaskClub lowered Republic Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Zacks Investment Research upgraded Republic Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th.
Republic Bancorp Company Profile
Republic Bancorp, Inc is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc (the Captive). The Bank is a Kentucky-based, state chartered non-member financial institution. The Captive is an insurance subsidiary of the Company. The Company operates through four segments: Traditional Banking, which provides traditional banking products to customers; Warehouse Lending (Warehouse), which provides short-term, revolving credit facilities to mortgage bankers across the United States through mortgage warehouse lines of credit; Mortgage Banking, which originates, sells and services long-term, single family, first lien residential real estate loans, and Republic Processing Group (RPG), which facilitates the receipt and payment of federal and state tax refund products.
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