Brandywine Global Investment Management LLC reduced its position in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 8.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 193,075 shares of the bank’s stock after selling 18,109 shares during the period. Brandywine Global Investment Management LLC owned about 0.93% of Republic Bancorp worth $6,893,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in RBCAA. SG Americas Securities LLC purchased a new stake in Republic Bancorp during the 2nd quarter valued at $165,000. Globeflex Capital L P purchased a new position in shares of Republic Bancorp in the first quarter worth $190,000. American International Group Inc. raised its stake in shares of Republic Bancorp by 7.1% in the first quarter. American International Group Inc. now owns 5,947 shares of the bank’s stock worth $205,000 after purchasing an additional 392 shares during the last quarter. KBC Group NV lifted its holdings in shares of Republic Bancorp by 98.3% during the first quarter. KBC Group NV now owns 7,914 shares of the bank’s stock valued at $272,000 after purchasing an additional 3,924 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Republic Bancorp by 24.3% during the second quarter. Wells Fargo & Company MN now owns 9,785 shares of the bank’s stock valued at $350,000 after purchasing an additional 1,911 shares in the last quarter. Institutional investors own 24.29% of the company’s stock.

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Shares of Republic Bancorp, Inc. (RBCAA) opened at 39.12 on Wednesday. The firm’s 50-day moving average is $35.98 and its 200-day moving average is $35.29. The stock has a market capitalization of $815.96 million, a price-to-earnings ratio of 16.44 and a beta of 0.52. Republic Bancorp, Inc. has a 52 week low of $28.56 and a 52 week high of $40.74.

Republic Bancorp (NASDAQ:RBCAA) last issued its quarterly earnings data on Friday, July 21st. The bank reported $0.48 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. Republic Bancorp had a return on equity of 8.14% and a net margin of 19.33%. The business had revenue of $56.06 million during the quarter. Analysts forecast 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 given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.25%. The ex-dividend date is Thursday, September 14th. Republic Bancorp’s dividend payout ratio is currently 36.82%.

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

Several research firms recently commented on RBCAA. Hovde Group cut Republic Bancorp from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $39.00 to $41.00 in a research report on Wednesday. Zacks Investment Research upgraded Republic Bancorp from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Tuesday. Finally, BidaskClub lowered Republic Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th.

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.

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

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