Denali Advisors LLC Decreases Position in Republic Bancorp, Inc. (NASDAQ:RBCAA)

Denali Advisors LLC lessened its stake in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) by 17.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,400 shares of the bank’s stock after selling 6,300 shares during the quarter. Denali Advisors LLC owned approximately 0.16% of Republic Bancorp worth $1,550,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC grew its position in shares of Republic Bancorp by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 7,405 shares of the bank’s stock valued at $378,000 after acquiring an additional 624 shares during the period. Formidable Asset Management LLC lifted its stake in Republic Bancorp by 0.8% in the 4th quarter. Formidable Asset Management LLC now owns 29,376 shares of the bank’s stock worth $1,620,000 after purchasing an additional 240 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Republic Bancorp by 1.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 927,375 shares of the bank’s stock worth $51,155,000 after purchasing an additional 15,040 shares in the last quarter. Cary Street Partners Investment Advisory LLC lifted its stake in Republic Bancorp by 0.6% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 44,226 shares of the bank’s stock worth $2,440,000 after purchasing an additional 250 shares in the last quarter. Finally, Barlow Wealth Partners Inc. purchased a new position in Republic Bancorp in the 4th quarter worth approximately $298,000. Hedge funds and other institutional investors own 24.37% of the company’s stock.

Republic Bancorp Trading Down 0.8 %

Shares of RBCAA stock traded down $0.45 during trading on Wednesday, hitting $52.75. 8,139 shares of the stock traded hands, compared to its average volume of 17,592. The firm has a market capitalization of $1.43 billion, a P/E ratio of 11.18 and a beta of 0.54. 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 52-week low of $41.35 and a 52-week high of $57.54. The firm’s fifty day moving average price is $51.73 and its 200-day moving average price is $51.06.

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

Republic Bancorp Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, June 21st. This represents a $1.63 dividend on an annualized basis and a dividend yield of 3.09%. Republic Bancorp’s payout ratio is currently 34.24%.

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.