Denali Advisors LLC Has $1.05 Million Position in Republic Bancorp, Inc. (NASDAQ:RBCAA)

Denali Advisors LLC trimmed its holdings in Republic Bancorp, Inc. (NASDAQ:RBCAA) by 35.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,600 shares of the bank’s stock after selling 10,800 shares during the quarter. Denali Advisors LLC owned about 0.07% of Republic Bancorp worth $1,051,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in RBCAA. Inspire Investing LLC grew its holdings in shares of Republic Bancorp by 3.6% in the first quarter. Inspire Investing LLC now owns 7,076 shares of the bank’s stock valued at $361,000 after acquiring an additional 245 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Republic Bancorp by 9.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 7,405 shares of the bank’s stock worth $378,000 after buying an additional 624 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Republic Bancorp by 0.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 97,399 shares of the bank’s stock worth $5,373,000 after buying an additional 704 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Republic Bancorp by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 76,927 shares of the bank’s stock worth $4,124,000 after buying an additional 1,226 shares in the last quarter. Finally, Innealta Capital LLC bought a new position in Republic Bancorp in the second quarter valued at $67,000. 24.37% of the stock is owned by institutional investors and hedge funds.

Republic Bancorp Stock Up 1.0 %

Shares of NASDAQ:RBCAA opened at $65.30 on Tuesday. The stock’s 50-day moving average price is $61.35 and its 200-day moving average price is $54.43. Republic Bancorp, Inc. has a 12-month low of $42.42 and a 12-month high of $69.00. The stock has a market capitalization of $1.27 billion, a P/E ratio of 13.72 and a beta of 0.52. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.39.

Republic Bancorp (NASDAQ:RBCAA) last posted its earnings results on Friday, July 19th. The bank reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.33 by ($0.03). Republic Bancorp had a return on equity of 10.50% and a net margin of 20.41%. The business had revenue of $116.05 million during the quarter.

Republic Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.407 per share. The ex-dividend date is Friday, September 20th. This represents a $1.63 annualized dividend and a dividend yield of 2.49%. Republic Bancorp’s payout ratio is 34.24%.

Insider Activity at Republic Bancorp

In other Republic Bancorp news, EVP Christy Ames sold 1,715 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $63.72, for a total transaction of $109,279.80. Following the completion of the sale, the executive vice president now directly owns 4,240 shares of the company’s stock, valued at $270,172.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director David P. Feaster sold 789 shares of the stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $65.91, for a total value of $52,002.99. Following the sale, the director now owns 5,487 shares of the company’s stock, valued at $361,648.17. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Christy Ames sold 1,715 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $63.72, for a total transaction of $109,279.80. Following the completion of the transaction, the executive vice president now directly owns 4,240 shares in the company, valued at approximately $270,172.80. The disclosure for this sale can be found here. Insiders sold 18,078 shares of company stock valued at $1,170,715 over the last 90 days. Corporate insiders own 55.50% of the company’s stock.

Republic Bancorp 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.