Barlow Wealth Partners Inc. Makes New $298,000 Investment in Republic Bancorp, Inc. (NASDAQ:RBCAA)

Barlow Wealth Partners Inc. bought a new position in Republic Bancorp, Inc. (NASDAQ:RBCAA) during the 4th quarter, HoldingsChannel reports. The firm bought 5,404 shares of the bank’s stock, valued at approximately $298,000.

Other hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC raised its holdings in Republic Bancorp by 27.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,274 shares of the bank’s stock worth $144,000 after purchasing an additional 705 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Republic Bancorp during the third quarter worth $171,000. Money Concepts Capital Corp acquired a new stake in shares of Republic Bancorp during the third quarter worth $201,000. WINTON GROUP Ltd acquired a new stake in shares of Republic Bancorp during the third quarter worth $274,000. Finally, Inspire Investing LLC acquired a new stake in shares of Republic Bancorp during the third quarter worth $311,000. 24.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Republic Bancorp

In other news, Director Michael T. Rust sold 1,400 shares of Republic Bancorp stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $47.43, for a total value of $66,402.00. Following the completion of the transaction, the director now owns 20,772 shares of the company’s stock, valued at approximately $985,215.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 56.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Hovde Group initiated coverage on shares of Republic Bancorp in a report on Monday, March 4th. They set an “outperform” rating on the stock.

Republic Bancorp Stock Down 0.8 %

RBCAA stock traded down $0.42 during midday trading on Tuesday, hitting $53.40. The company’s stock had a trading volume of 15,060 shares, compared to its average volume of 17,351. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.07 and a quick ratio of 1.06. Republic Bancorp, Inc. has a twelve month low of $38.37 and a twelve month high of $57.54. The company’s fifty day moving average price is $49.58 and its 200 day moving average price is $49.75. The stock has a market capitalization of $1.04 billion, a P/E ratio of 11.22 and a beta of 0.56.

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.