Swiss National Bank Sells 2,100 Shares of Republic Bancorp, Inc. (NASDAQ:RBCAA)

Swiss National Bank reduced its holdings in shares of Republic Bancorp, Inc. (NASDAQ:RBCAAFree Report) by 10.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,100 shares of the bank’s stock after selling 2,100 shares during the quarter. Swiss National Bank’s holdings in Republic Bancorp were worth $943,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of RBCAA. Allspring Global Investments Holdings LLC raised its stake in shares of Republic Bancorp by 27.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,274 shares of the bank’s stock worth $144,000 after buying an additional 705 shares during the period. SG Americas Securities LLC raised its stake in shares of Republic Bancorp by 27.9% in the fourth quarter. SG Americas Securities LLC now owns 4,953 shares of the bank’s stock worth $273,000 after buying an additional 1,079 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of Republic Bancorp during the third quarter worth about $274,000. Teacher Retirement System of Texas grew its position in shares of Republic Bancorp by 5.8% during the third quarter. Teacher Retirement System of Texas now owns 7,185 shares of the bank’s stock worth $317,000 after purchasing an additional 394 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Republic Bancorp during the fourth quarter worth about $413,000. Institutional investors own 24.37% of the company’s stock.

Wall Street Analyst Weigh In

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

Check Out Our Latest Stock Report on Republic Bancorp

Republic Bancorp Stock Performance

NASDAQ RBCAA opened at $50.46 on Friday. The stock has a market capitalization of $1.37 billion, a PE ratio of 10.60 and a beta of 0.56. The business has a 50 day simple moving average of $50.98 and a two-hundred day simple moving average of $50.66. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.05 and a quick ratio of 1.03. Republic Bancorp, Inc. has a 1-year low of $41.35 and a 1-year high of $57.54.

Republic Bancorp (NASDAQ:RBCAAGet Free Report) last announced its earnings results on Thursday, April 25th. The bank reported $1.58 EPS for the quarter. Republic Bancorp had a return on equity of 10.10% and a net margin of 20.27%. The firm had revenue of $120.29 million during the quarter.

Republic Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 19th. Investors of record on Friday, June 21st will be paid a dividend of $0.407 per share. This represents a $1.63 dividend on an annualized basis and a dividend yield of 3.23%. The ex-dividend date is Friday, June 21st. Republic Bancorp’s dividend payout ratio is currently 34.03%.

Insider Buying and Selling

In related news, Director Michael T. Rust sold 1,400 shares of the business’s stock in a transaction on Thursday, March 14th. The stock was sold at an average price of $47.43, for a total transaction of $66,402.00. Following the transaction, the director now directly owns 20,772 shares in the company, valued at approximately $985,215.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 55.50% of the stock is owned by corporate insiders.

About Republic Bancorp

(Free Report)

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.

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

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