Menta Capital LLC Has $1.37 Million Holdings in Republic Bancorp, Inc. (RBCAA)
Menta Capital LLC grew its position in shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) by 106.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 38,238 shares of the bank’s stock after purchasing an additional 19,722 shares during the quarter. Menta Capital LLC owned about 0.18% of Republic Bancorp worth $1,365,000 as of its most recent SEC filing.
A number of other institutional investors have also recently added to or reduced their stakes in RBCAA. Formidable Asset Management LLC grew its position in shares of Republic Bancorp by 1.1% during the 1st quarter. Formidable Asset Management LLC now owns 24,585 shares of the bank’s stock worth $885,000 after buying an additional 278 shares during the period. First Trust Advisors LP grew its position in shares of Republic Bancorp by 0.8% during the 1st quarter. First Trust Advisors LP now owns 41,570 shares of the bank’s stock worth $1,430,000 after buying an additional 346 shares during the period. American International Group Inc. grew its position in shares of Republic Bancorp by 7.1% during the 1st quarter. American International Group Inc. now owns 5,947 shares of the bank’s stock worth $205,000 after buying an additional 392 shares during the period. Bank of America Corp DE grew its position in shares of Republic Bancorp by 0.4% during the 1st quarter. Bank of America Corp DE now owns 93,652 shares of the bank’s stock worth $3,221,000 after buying an additional 414 shares during the period. Finally, Alliancebernstein L.P. grew its position in shares of Republic Bancorp by 0.6% during the 2nd quarter. Alliancebernstein L.P. now owns 79,080 shares of the bank’s stock worth $2,823,000 after buying an additional 500 shares during the period. Hedge funds and other institutional investors own 24.29% of the company’s stock.
In related news, EVP Steven E. Deweese sold 1,115 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $35.49, for a total transaction of $39,571.35. Following the completion of the transaction, the executive vice president now owns 41,630 shares in the company, valued at $1,477,448.70. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Steven E. Deweese sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $34.50, for a total value of $34,500.00. Following the transaction, the executive vice president now owns 42,230 shares of the company’s stock, valued at approximately $1,456,935. The disclosure for this sale can be found here. 52.30% of the stock is owned by corporate insiders.
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Shares of Republic Bancorp, Inc. (NASDAQ:RBCAA) opened at 37.95 on Friday. Republic Bancorp, Inc. has a 12 month low of $28.56 and a 12 month high of $40.74. The firm has a market cap of $791.56 million, a P/E ratio of 15.95 and a beta of 0.49. The stock’s 50 day moving average is $34.96 and its 200 day moving average is $35.01.
Republic Bancorp (NASDAQ:RBCAA) last announced its earnings results on Friday, July 21st. The bank reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. The company had revenue of $56.06 million during the quarter. Republic Bancorp had a return on equity of 8.14% and a net margin of 19.33%. Equities research analysts expect that Republic Bancorp, Inc. will post $2.34 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 15th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.32%. Republic Bancorp’s dividend payout ratio is presently 36.82%.
Several analysts have recently commented on the stock. BidaskClub downgraded shares of Republic Bancorp from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. Zacks Investment Research raised shares of Republic Bancorp from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research report on Saturday, September 16th.
About Republic Bancorp
Republic Bancorp, Inc is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc (the Captive). The Bank is a Kentucky-based, state chartered non-member financial institution. The Captive is an insurance subsidiary of the Company. The Company operates through four segments: Traditional Banking, which provides traditional banking products to customers; Warehouse Lending (Warehouse), which provides short-term, revolving credit facilities to mortgage bankers across the United States through mortgage warehouse lines of credit; Mortgage Banking, which originates, sells and services long-term, single family, first lien residential real estate loans, and Republic Processing Group (RPG), which facilitates the receipt and payment of federal and state tax refund products.
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