LSV Asset Management Sells 31,600 Shares of Republic Bancorp, Inc. (NASDAQ:RBCAA)

LSV Asset Management trimmed its position in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 31.8% during the 4th quarter, HoldingsChannel reports. The firm owned 67,900 shares of the bank’s stock after selling 31,600 shares during the quarter. LSV Asset Management’s holdings in Republic Bancorp were worth $3,745,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Formidable Asset Management LLC lifted its holdings in shares of Republic Bancorp by 0.8% in the 3rd quarter. Formidable Asset Management LLC now owns 29,136 shares of the bank’s stock valued at $1,283,000 after acquiring an additional 235 shares during the last quarter. Teacher Retirement System of Texas lifted its stake in shares of Republic Bancorp by 5.8% in the 3rd quarter. Teacher Retirement System of Texas now owns 7,185 shares of the bank’s stock valued at $317,000 after purchasing an additional 394 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of Republic Bancorp by 27.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,274 shares of the bank’s stock valued at $144,000 after purchasing an additional 705 shares during the last quarter. SG Americas Securities LLC boosted its holdings in shares of Republic Bancorp by 27.9% in the 4th quarter. SG Americas Securities LLC now owns 4,953 shares of the bank’s stock worth $273,000 after purchasing an additional 1,079 shares during the period. Finally, D. Scott Neal Inc. increased its position in shares of Republic Bancorp by 7.1% during the 4th quarter. D. Scott Neal Inc. now owns 22,488 shares of the bank’s stock valued at $1,249,000 after purchasing an additional 1,488 shares during the last quarter. 24.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Hovde Group began coverage on Republic Bancorp in a research report on Monday, March 4th. They issued an “outperform” rating for the company.

Insider Buying and Selling at Republic Bancorp

In related news, Director Michael T. Rust sold 1,400 shares of the firm’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $47.43, for a total value of $66,402.00. Following the transaction, the director now owns 20,772 shares of the company’s stock, valued at approximately $985,215.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 56.60% of the stock is currently owned by corporate insiders.

Republic Bancorp Trading Up 0.8 %

RBCAA opened at $53.82 on Thursday. Republic Bancorp, Inc. has a one year low of $38.37 and a one year high of $57.54. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.06 and a current ratio of 1.07. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 11.31 and a beta of 0.56. The stock’s 50 day moving average price is $49.69 and its 200-day moving average price is $49.78.

About Republic Bancorp

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.