Vestor Capital LLC Grows Stock Position in Republic Bancorp, Inc. (NASDAQ:RBCAA)

Vestor Capital LLC lifted its stake in shares of Republic Bancorp, Inc. (NASDAQ:RBCAAGet Rating) by 798.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,474 shares of the bank’s stock after purchasing an additional 11,974 shares during the quarter. Vestor Capital LLC owned about 0.07% of Republic Bancorp worth $606,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of RBCAA. Acadian Asset Management LLC purchased a new position in Republic Bancorp in the fourth quarter worth $69,000. PDT Partners LLC purchased a new position in Republic Bancorp in the fourth quarter worth $203,000. Allspring Global Investments Holdings LLC acquired a new stake in Republic Bancorp in the fourth quarter valued at $295,000. BNP Paribas Arbitrage SA grew its holdings in Republic Bancorp by 193.1% in the fourth quarter. BNP Paribas Arbitrage SA now owns 7,652 shares of the bank’s stock valued at $389,000 after purchasing an additional 5,041 shares during the last quarter. Finally, MCF Advisors LLC acquired a new stake in Republic Bancorp in the first quarter valued at $428,000.

Republic Bancorp Trading Down 0.7 %

Shares of Republic Bancorp stock traded down $0.33 during trading hours on Friday, reaching $44.51. The stock had a trading volume of 16,235 shares, compared to its average volume of 26,649. The firm has a market capitalization of $890.20 million, a price-to-earnings ratio of 10.05 and a beta of 0.50. The company has a current ratio of 1.01, a quick ratio of 1.00 and a debt-to-equity ratio of 0.02. Republic Bancorp, Inc. has a 1 year low of $41.41 and a 1 year high of $57.62. The firm has a 50 day simple moving average of $46.90 and a two-hundred day simple moving average of $46.02.

Republic Bancorp (NASDAQ:RBCAAGet Rating) last announced its earnings results on Friday, July 22nd. The bank reported $1.20 EPS for the quarter, beating the consensus estimate of $0.92 by $0.28. The business had revenue of $81.80 million for the quarter, compared to the consensus estimate of $72.20 million. Republic Bancorp had a return on equity of 10.39% and a net margin of 27.95%. As a group, equities research analysts anticipate that Republic Bancorp, Inc. will post 4.02 earnings per share for the current year.

Republic Bancorp Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, September 16th will be paid a dividend of $0.341 per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.36 dividend on an annualized basis and a yield of 3.06%. Republic Bancorp’s dividend payout ratio (DPR) is presently 30.70%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on RBCAA. lowered Republic Bancorp from a “buy” rating to a “hold” rating in a report on Monday, May 23rd. Piper Sandler lowered Republic Bancorp from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $53.50 to $50.00 in a research note on Monday, July 25th.

About Republic Bancorp

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Republic Bancorp, Inc, a financial holding company, provides various banking products and services in the United States. It operates in five segments: Traditional Banking, Warehouse, Mortgage Banking, Tax Refund Solutions, and Republic Credit Solutions. The company accepts demand, money market accounts, savings, individual retirement accounts, time, brokered, and other certificates of deposit.

See Also

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

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