Republic Bancorp, Inc. (RBCAA:NSD) has witnessed an increase in its holdings by Dimensional Fund Advisors LP, as reported in the company’s recent Form 13F filing with the SEC. This development highlights the confidence of Dimensional Fund Advisors LP in Republic Bancorp’s prospects. In this article, we will explore the implications of this increased investment and provide an overview of other noteworthy developments surrounding the bank.
Dimensional Fund Advisors LP Expands Position:
During the fourth quarter, Dimensional Fund Advisors LP raised its holdings in Republic Bancorp by 1.6%, acquiring an additional 13,327 shares. As a result, the firm now owns 865,554 shares of the Republic Bancorp stock, representing approximately 4.38% of Republic Bancorp’s total outstanding shares. With a value of $35,419,000 at the time of filing, Dimensional Fund Advisors LP’s increased investment signals its optimism about Republic Bancorp’s future.
Other Institutional Investors:
Alongside Dimensional Fund Advisors LP, several hedge funds and institutional investors have made notable moves regarding their positions in Republic Bancorp. Financial Management Professionals Inc. acquired a new stake in the company during the fourth quarter, while Ensign Peak Advisors Inc purchased shares during the third quarter. Tower Research Capital LLC TRC increased its holdings in the bank, and Quent Capital LLC also acquired a new stake. SG Americas Securities LLC witnessed growth in its Republic Bancorp holdings as well. Collectively, these institutional investors contribute to the overall ownership landscape of the bank.
Republic Bancorp Stock Performance:
Republic Bancorp stock opened at $42.14 on Thursday, with a market capitalization of $832.27 million. The bank has a price-to-earnings (PE) ratio of 9.26 and a beta of 0.61, indicating lower volatility compared to the broader market. The company’s 12-month low stands at $37.23, while the 12-month high is $50.16. Republic Bancorp has a current ratio and quick ratio of 1.00, indicating a strong liquidity position. The fifty-day moving average price is $40.40, and the 200-day moving average price is $42.21.
Republic Bancorp Stock Dividend Announcement:
Republic Bancorp recently declared a quarterly dividend, scheduled to be paid on Friday, July 21st. Shareholders of record as of Friday, June 16th, will receive a dividend of $0.374 per share. The ex-dividend date is Thursday, June 15th. With an annualized dividend of $1.50, the yield stands at 3.55%. Republic Bancorp’s dividend payout ratio (DPR) currently stands at 32.97%.
Analyst Ratings:
Investors should consider this assessment as they evaluate their investment decisions. Analyst ratings can provide valuable insights into the current sentiment surrounding the bank.
Conclusion:
The increased stake by Dimensional Fund Advisors LP in Republic Bancorp reflects growing confidence in the bank’s future prospects. This development, alongside investments from other institutional players and analyst ratings, provides valuable insights for investors. As Republic Bancorp continues its operations, investors should closely monitor these factors to make informed decisions about their investment strategy.
