Jacobs Levy Equity Management Inc. Makes New $359,000 Investment in Republic Bancorp, Inc. (NASDAQ:RBCAA)

Jacobs Levy Equity Management Inc. purchased a new position in Republic Bancorp, Inc. (NASDAQ:RBCAA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 5,136 shares of the bank’s stock, valued at approximately $359,000.

Several other institutional investors have also added to or reduced their stakes in RBCAA. 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 purchasing an additional 659 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Republic Bancorp by 206.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,101 shares of the bank’s stock worth $77,000 after purchasing an additional 742 shares in the last quarter. Sei Investments Co. purchased a new stake in shares of Republic Bancorp in the fourth quarter worth $208,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Republic Bancorp in the fourth quarter worth $232,000. Finally, SG Americas Securities LLC increased its stake in shares of 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.

Analyst Upgrades and Downgrades

Separately, Hovde Group increased their price objective on shares of Republic Bancorp from $64.00 to $69.00 and gave the stock a “market perform” rating in a research note on Friday, April 25th.

Republic Bancorp Stock Performance

Shares of NASDAQ RBCAA opened at $73.34 on Friday. The stock has a market cap of $1.43 billion, a PE ratio of 14.02 and a beta of 0.51. The firm has a fifty day moving average price of $65.92 and a 200-day moving average price of $68.82. Republic Bancorp, Inc. has a 1 year low of $48.67 and a 1 year high of $80.68. 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 (NASDAQ:RBCAA) last posted its earnings results on Thursday, April 24th. The bank reported $2.42 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.56. The company had revenue of $135.84 million during the quarter, compared to analysts’ expectations of $126.90 million. Republic Bancorp had a net margin of 20.05% and a return on equity of 10.60%.

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.