Republic Bancorp, Inc. KY (RBCAA) Shares Sold by Bailard Inc.

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Bailard Inc. lowered its stake in Republic Bancorp, Inc. KY (NASDAQ:RBCAA) by 34.9% during the 4th quarter, HoldingsChannel reports. The firm owned 9,700 shares of the bank’s stock after selling 5,200 shares during the quarter. Bailard Inc.’s holdings in Republic Bancorp, Inc. KY were worth $376,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. lifted its stake in Republic Bancorp, Inc. KY by 1.9% in the 3rd quarter. BlackRock Inc. now owns 935,326 shares of the bank’s stock worth $43,120,000 after purchasing an additional 17,251 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Republic Bancorp, Inc. KY by 32.5% in the 2nd quarter. Renaissance Technologies LLC now owns 102,300 shares of the bank’s stock worth $4,634,000 after purchasing an additional 25,100 shares in the last quarter. Matarin Capital Management LLC purchased a new stake in Republic Bancorp, Inc. KY in the 3rd quarter worth $1,023,000. Bridgeway Capital Management Inc. lifted its stake in Republic Bancorp, Inc. KY by 4.0% in the 3rd quarter. Bridgeway Capital Management Inc. now owns 78,342 shares of the bank’s stock worth $3,612,000 after purchasing an additional 3,000 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Republic Bancorp, Inc. KY by 1.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 817,884 shares of the bank’s stock worth $37,705,000 after purchasing an additional 9,486 shares in the last quarter. Institutional investors and hedge funds own 25.51% of the company’s stock.

Shares of NASDAQ RBCAA opened at $43.50 on Thursday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.20 and a current ratio of 1.20. The stock has a market cap of $900.92 million, a PE ratio of 12.30 and a beta of 0.53. Republic Bancorp, Inc. KY has a 12-month low of $35.17 and a 12-month high of $50.70.

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last announced its earnings results on Friday, January 25th. The bank reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.18. The firm had revenue of $64.40 million for the quarter. Republic Bancorp, Inc. KY had a net margin of 24.34% and a return on equity of 10.82%.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Stockholders of record on Friday, March 15th will be given a dividend of $0.264 per share. This represents a $1.06 annualized dividend and a dividend yield of 2.43%. This is a boost from Republic Bancorp, Inc. KY’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, March 14th.

RBCAA has been the topic of several research analyst reports. BidaskClub upgraded shares of Republic Bancorp, Inc. KY from a “sell” rating to a “hold” rating in a research note on Thursday, November 8th. Hovde Group reiterated a “market perform” rating and issued a $41.00 price target on shares of Republic Bancorp, Inc. KY in a research note on Tuesday, January 29th.

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Republic Bancorp, Inc. KY Company Profile

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

Further Reading: Quiet Period Expirations

Want to see what other hedge funds are holding RBCAA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Republic Bancorp, Inc. KY (NASDAQ:RBCAA).

Institutional Ownership by Quarter for Republic Bancorp, Inc. KY (NASDAQ:RBCAA)

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