Republic Bancorp, Inc. (NASDAQ:RBCAA) Position Reduced by Stock Yards Bank & Trust Co.

Stock Yards Bank & Trust Co. cut its position in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) by 3.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,414 shares of the bank’s stock after selling 500 shares during the quarter. Stock Yards Bank & Trust Co. owned 0.07% of Republic Bancorp worth $740,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its position in Republic Bancorp by 27.4% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,274 shares of the bank’s stock valued at $144,000 after acquiring an additional 705 shares in the last quarter. SG Americas Securities LLC bought a new position in Republic Bancorp during the third quarter valued at approximately $171,000. Money Concepts Capital Corp bought a new position in Republic Bancorp during the third quarter valued at approximately $201,000. WINTON GROUP Ltd bought a new position in Republic Bancorp during the third quarter valued at approximately $274,000. Finally, Inspire Investing LLC bought a new position in Republic Bancorp during the third quarter valued at approximately $311,000. 24.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

Republic Bancorp Stock Up 1.8 %

Shares of NASDAQ RBCAA opened at $49.97 on Wednesday. Republic Bancorp, Inc. has a 52-week low of $37.23 and a 52-week 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 business has a fifty day moving average of $49.31 and a two-hundred day moving average of $49.27. The stock has a market cap of $969.42 million, a PE ratio of 10.86 and a beta of 0.57.

Republic Bancorp (NASDAQ:RBCAA) last issued its earnings results on Friday, January 26th. The bank reported $1.01 EPS for the quarter, beating the consensus estimate of $0.73 by $0.28. Republic Bancorp had a net margin of 21.16% and a return on equity of 10.39%. The company had revenue of $105.57 million for the quarter.

Wall Street Analysts Forecast Growth

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

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.