Swiss National Bank Continues to Hold Stake in Republic Bancorp, Inc. (RBCAA)

Swiss National Bank held its stake in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,600 shares of the bank’s stock at the close of the 2nd quarter. Swiss National Bank owned 0.09% of Republic Bancorp worth $664,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in RBCAA. American International Group Inc. lifted its position in Republic Bancorp by 7.1% during the first quarter. American International Group Inc. now owns 5,947 shares of the bank’s stock valued at $205,000 after acquiring an additional 392 shares during the last quarter. Bank of America Corp DE lifted its position in Republic Bancorp by 0.4% during the first quarter. Bank of America Corp DE now owns 93,652 shares of the bank’s stock valued at $3,221,000 after acquiring an additional 414 shares during the last quarter. First Quadrant L P CA lifted its position in Republic Bancorp by 11.5% during the second quarter. First Quadrant L P CA now owns 11,559 shares of the bank’s stock valued at $413,000 after acquiring an additional 1,196 shares during the last quarter. Prudential Financial Inc. lifted its position in Republic Bancorp by 6.2% during the second quarter. Prudential Financial Inc. now owns 27,947 shares of the bank’s stock valued at $998,000 after acquiring an additional 1,620 shares during the last quarter. Finally, Federated Investors Inc. PA lifted its position in Republic Bancorp by 2.7% during the second quarter. Federated Investors Inc. PA now owns 62,075 shares of the bank’s stock valued at $2,216,000 after acquiring an additional 1,644 shares during the last quarter. 24.29% of the stock is owned by hedge funds and other institutional investors.

Shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) opened at 40.16 on Tuesday. The stock has a market cap of $837.66 million, a PE ratio of 16.87 and a beta of 0.52. Republic Bancorp, Inc. has a 52-week low of $30.05 and a 52-week high of $44.04. The company’s 50-day moving average is $38.32 and its 200-day moving average is $36.01.

Republic Bancorp (NASDAQ:RBCAA) last issued its quarterly earnings results on Friday, October 20th. The bank reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.05. Republic Bancorp had a net margin of 19.02% and a return on equity of 8.23%. The company had revenue of $58.68 million during the quarter. Equities analysts anticipate that Republic Bancorp, Inc. will post $2.34 EPS for the current year.

A number of research firms recently commented on RBCAA. Zacks Investment Research raised shares of Republic Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. BidaskClub cut shares of Republic Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Finally, Hovde Group cut shares of Republic Bancorp from an “outperform” rating to a “market perform” rating and increased their target price for the company from $39.00 to $41.00 in a research report on Wednesday, October 4th.

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In other news, EVP Steven E. Deweese sold 1,115 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $35.49, for a total transaction of $39,571.35. Following the completion of the sale, the executive vice president now owns 41,630 shares in the company, valued at approximately $1,477,448.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Steven E. Deweese sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $34.50, for a total transaction of $34,500.00. Following the sale, the executive vice president now owns 42,230 shares of the company’s stock, valued at approximately $1,456,935. The disclosure for this sale can be found here. 52.30% of the stock is currently owned by insiders.

Republic Bancorp 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.

Institutional Ownership by Quarter for Republic Bancorp (NASDAQ:RBCAA)

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