Republic Bancorp, Inc. (NASDAQ:RBCAA) Short Interest Update

Republic Bancorp, Inc. (NASDAQ:RBCAA) was the recipient of a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 83,541 shares, a decrease of 19.6% from the January 15th total of 103,853 shares. Approximately 1.0% of the company’s shares are sold short. Based on an average daily trading volume, of 31,916 shares, the days-to-cover ratio is currently 2.6 days. Based on an average daily trading volume, of 31,916 shares, the days-to-cover ratio is currently 2.6 days. Approximately 1.0% of the company’s shares are sold short.

Hedge Funds Weigh In On Republic Bancorp

Large investors have recently made changes to their positions in the business. Barclays PLC lifted its position in shares of Republic Bancorp by 10.6% in the 4th quarter. Barclays PLC now owns 13,044 shares of the bank’s stock valued at $900,000 after acquiring an additional 1,246 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its position in Republic Bancorp by 541.2% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,757 shares of the bank’s stock worth $121,000 after purchasing an additional 1,483 shares in the last quarter. Inspire Advisors LLC lifted its holdings in shares of Republic Bancorp by 3.2% during the fourth quarter. Inspire Advisors LLC now owns 42,186 shares of the bank’s stock valued at $2,910,000 after acquiring an additional 1,315 shares during the period. State Street Corp raised its stake in shares of Republic Bancorp by 1.0% in the fourth quarter. State Street Corp now owns 218,872 shares of the bank’s stock valued at $15,195,000 after acquiring an additional 2,208 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Republic Bancorp by 6.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 14,589 shares of the bank’s stock valued at $1,006,000 after buying an additional 820 shares during the last quarter. Institutional investors own 24.37% of the company’s stock.

Republic Bancorp Stock Up 0.1%

Shares of RBCAA traded up $0.04 during midday trading on Monday, hitting $72.30. The company had a trading volume of 28,016 shares, compared to its average volume of 31,320. The company’s 50-day simple moving average is $71.63 and its 200-day simple moving average is $71.16. Republic Bancorp has a 1 year low of $56.79 and a 1 year high of $78.25. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.05 and a current ratio of 1.06. The firm has a market capitalization of $1.41 billion, a P/E ratio of 10.76 and a beta of 0.60.

Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings results on Friday, January 30th. The bank reported $1.17 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.13). Republic Bancorp had a return on equity of 12.39% and a net margin of 25.19%.The company had revenue of $94.27 million for the quarter, compared to analysts’ expectations of $92.50 million.

Republic Bancorp Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 17th. Investors of record on Friday, March 20th will be paid a $0.495 dividend. This represents a $1.98 annualized dividend and a dividend yield of 2.7%. This is a positive change from Republic Bancorp’s previous quarterly dividend of $0.45. The ex-dividend date is Friday, March 20th. Republic Bancorp’s payout ratio is presently 26.79%.

Wall Street Analysts Forecast Growth

RBCAA has been the subject of several research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Republic Bancorp in a research report on Thursday, January 22nd. Wall Street Zen lowered shares of Republic Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday, January 31st. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $69.00.

About Republic Bancorp

Republic Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, that operates through its principal subsidiary, Republic Bank & Trust Company. The company provides a full suite of commercial and retail banking services tailored to individuals, small businesses and middle‐market clients. Core offerings include deposit accounts, consumer and commercial lending, treasury and cash-management services, mortgage financing, SBA lending and wealth management solutions. Republic Bancorp also supports specialized financing needs through equipment leasing and small business advisory services.

Republic Bancorp’s branch network spans key markets in the U.S.