Stock Yards Bank & Trust Co. Sells 3,766 Shares of Republic Bancorp, Inc. (NASDAQ:RBCAA)

Stock Yards Bank & Trust Co. decreased its position in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 34.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,247 shares of the bank’s stock after selling 3,766 shares during the quarter. Stock Yards Bank & Trust Co.’s holdings in Republic Bancorp were worth $473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Innealta Capital LLC bought a new position in shares of Republic Bancorp during the second quarter valued at about $67,000. Acadian Asset Management LLC purchased a new position in Republic Bancorp in the 2nd quarter worth approximately $87,000. Independence Bank of Kentucky lifted its position in Republic Bancorp by 4,133.3% in the second quarter. Independence Bank of Kentucky now owns 3,175 shares of the bank’s stock valued at $170,000 after purchasing an additional 3,100 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Republic Bancorp during the third quarter valued at approximately $205,000. Finally, SeaCrest Wealth Management LLC bought a new position in shares of Republic Bancorp in the third quarter worth approximately $208,000. Hedge funds and other institutional investors own 24.37% of the company’s stock.

Analyst Ratings Changes

Separately, Hovde Group lowered shares of Republic Bancorp from an “outperform” rating to a “market perform” rating and upped their price target for the company from $78.00 to $80.00 in a report on Wednesday, November 13th.

Republic Bancorp Stock Up 0.6 %

Shares of NASDAQ:RBCAA opened at $76.82 on Friday. The stock’s 50-day moving average is $72.13 and its 200 day moving average is $63.23. The company has a market cap of $1.49 billion, a PE ratio of 14.60 and a beta of 0.54. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.12 and a quick ratio of 1.11. Republic Bancorp, Inc. has a 1 year low of $46.55 and a 1 year high of $80.68.

Republic Bancorp (NASDAQ:RBCAA) last posted its earnings results on Friday, October 18th. The bank reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.16. The firm had revenue of $118.36 million for the quarter. Republic Bancorp had a return on equity of 10.79% and a net margin of 20.65%.

Republic Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 20th 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 2.12%. The ex-dividend date is Friday, December 20th. Republic Bancorp’s payout ratio is 30.80%.

Republic Bancorp Company Profile

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.