1 week Ago By Defense World Staff
Corebridge Financial Inc. reduced its position in Republic Bancorp, Inc. ( NASDAQ:RBCAA – Free Report ) by 7.
0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,118 shares of the bank’s stock after selling 312 shares during the period. Corebridge Financial Inc.
’s holdings in Republic Bancorp were worth $288,000 at the end of the most recent quarter. Several other large investors also recently modified their holdings of the business. New York State Teachers Retirement System increased its stake in shares of Republic Bancorp by 659.
0% in the fourth quarter. New York State Teachers Retirement System now owns 759 shares of the bank’s stock worth $53,000 after buying an additional 659 shares during the last quarter. Sei Investments Co.
bought a new stake in shares of Republic Bancorp in the 4th quarter worth about $208,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Republic Bancorp in the 3rd quarter valued at about $224,000. Hohimer Wealth Management LLC bought a new position in shares of Republic Bancorp during the third quarter worth about $227,000.
Finally, SG Americas Securities LLC grew its stake in Republic Bancorp by 22.8% in the fourth quarter. SG Americas Securities LLC now owns 3,851 shares of the bank’s stock worth $269,000 after purchasing an additional 714 shares in the last quarter.
24.37% of the stock is currently owned by institutional investors and hedge funds. Analyst Upgrades and Downgrades Separately, Hovde Group cut their price objective on Republic Bancorp from $72.
00 to $70.00 and set a “market perform” rating on the stock in a research note on Monday, January 27th. Insider Activity In other news, Director David P.
Feaster sold 1,406 shares of the company’s stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $66.42, for a total transaction of $93,386.
52. Following the completion of the transaction, the director now owns 4,303 shares in the company, valued at approximately $285,805.26.
This represents a 24.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website .
Also, EVP John T. Rippy sold 3,082 shares of Republic Bancorp stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $65.
99, for a total transaction of $203,381.18. Following the completion of the sale, the executive vice president now owns 23,105 shares in the company, valued at approximately $1,524,698.
95. This represents a 11.77 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Corporate insiders own 56.40% of the company’s stock.
Republic Bancorp Stock Performance Republic Bancorp stock opened at $60.57 on Friday. 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 12 month low of $46.83 and a 12 month high of $80.
68. The company has a fifty day moving average price of $65.09 and a two-hundred day moving average price of $68.
35. The company has a market cap of $1.18 billion, a PE ratio of 11.
58 and a beta of 0.46. Republic Bancorp ( NASDAQ:RBCAA – Get Free Report ) last posted its quarterly earnings results on Friday, January 24th.
The bank reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.
22). Republic Bancorp had a return on equity of 10.60% and a net margin of 20.
05%. Republic Bancorp Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Shareholders of record on Friday, March 21st will be paid a $0.
451 dividend. This is an increase from Republic Bancorp’s previous quarterly dividend of $0.41.
This represents a $1.80 dividend on an annualized basis and a yield of 2.98%.
The ex-dividend date of this dividend is Friday, March 21st. Republic Bancorp’s payout ratio is presently 34.42%.
Republic Bancorp Company Profile ( Free Report ) 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. Recommended Stories Five stocks we like better than Republic Bancorp Biggest Stock Losers – Today’s Biggest Percentage Decliners Joby Aviation: Operational Momentum vs.
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com to get the latest 13F filings and insider trades for Republic Bancorp, Inc. ( NASDAQ:RBCAA – Free Report ). Receive News & Ratings for Republic Bancorp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Bancorp and related companies with MarketBeat.
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