Wells Fargo & Company MN grew its holdings in shares of Republic Bank & Trust (NASDAQ:RBCAA) by 34.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,783 shares of the bank’s stock after buying an additional 5,302 shares during the period. Wells Fargo & Company MN owned 0.10% of Republic Bank & Trust worth $791,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in RBCAA. SeaCrest Wealth Management LLC bought a new stake in shares of Republic Bank & Trust during the 4th quarter valued at $121,000. Chicago Equity Partners LLC bought a new stake in shares of Republic Bank & Trust during the 4th quarter valued at $322,000. Bailard Inc. bought a new stake in shares of Republic Bank & Trust during the 4th quarter valued at $376,000. Bessemer Group Inc. raised its position in shares of Republic Bank & Trust by 40.4% in the 4th quarter. Bessemer Group Inc. now owns 13,900 shares of the bank’s stock worth $528,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Nationwide Fund Advisors raised its position in shares of Republic Bank & Trust by 65.4% in the 3rd quarter. Nationwide Fund Advisors now owns 26,303 shares of the bank’s stock worth $1,023,000 after purchasing an additional 10,400 shares during the last quarter. Hedge funds and other institutional investors own 26.53% of the company’s stock.

In other news, EVP Steven E. Deweese sold 1,484 shares of Republic Bank & Trust stock in a transaction dated Tuesday, April 24th. The stock was sold at an average price of $42.02, for a total value of $62,357.68. Following the completion of the transaction, the executive vice president now owns 32,999 shares of the company’s stock, valued at approximately $1,386,617.98. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 52.30% of the stock is owned by insiders.

RBCAA opened at $43.26 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.18 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $893.88, a PE ratio of 17.30 and a beta of 0.46. Republic Bank & Trust has a 1 year low of $33.17 and a 1 year high of $44.47.

Republic Bank & Trust (NASDAQ:RBCAA) last posted its quarterly earnings results on Thursday, April 19th. The bank reported $1.13 earnings per share (EPS) for the quarter. The firm had revenue of $95.49 million during the quarter. Republic Bank & Trust had a return on equity of 8.78% and a net margin of 18.11%. sell-side analysts forecast that Republic Bank & Trust will post 3.11 earnings per share for the current fiscal year.

RBCAA has been the subject of several recent analyst reports. Zacks Investment Research raised Republic Bank & Trust from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Saturday, April 7th. BidaskClub raised Republic Bank & Trust from a “sell” rating to a “hold” rating in a research report on Thursday, March 8th. Finally, Hovde Group set a $43.00 price target on Republic Bank & Trust and gave the stock a “hold” rating in a research report on Monday, April 23rd.

About Republic Bank & Trust

Republic Bancorp, Inc, a financial holding company, provides banking products and services in the United States. It operates in five segments: Traditional Banking, Warehouse Lending, Mortgage Banking, Tax Refund Solutions, and Republic Credit Solutions. The company accepts demand, savings, time, and brokered and other certificates of deposits; and money market and individual retirement accounts.

Institutional Ownership by Quarter for Republic Bank & Trust (NASDAQ:RBCAA)

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