Republic Bancorp, Inc. (RBCAA) To Go Ex-Dividend on September 20th

Republic Bancorp, Inc. (NASDAQ:RBCAA) announced a quarterly dividend on Wednesday, July 17th, Zacks reports. Stockholders of record on Friday, September 20th will be given a dividend of 0.407 per share by the bank on Friday, October 18th. This represents a $1.63 annualized dividend and a dividend yield of 2.48%. The ex-dividend date of this dividend is Friday, September 20th.

Republic Bancorp has raised its dividend payment by an average of 9.4% annually over the last three years and has increased its dividend annually for the last 26 consecutive years. Republic Bancorp has a dividend payout ratio of 32.8% meaning its dividend is sufficiently covered by earnings.

Republic Bancorp Trading Up 0.7 %

RBCAA opened at $65.76 on Wednesday. Republic Bancorp has a 52 week low of $42.42 and a 52 week high of $69.00. The company has a market capitalization of $1.28 billion, a P/E ratio of 13.82 and a beta of 0.52. The stock’s fifty day moving average is $61.62 and its two-hundred day moving average is $54.55. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.39.

Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings data on Friday, July 19th. The bank reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.03). The firm had revenue of $116.05 million during the quarter. Republic Bancorp had a net margin of 20.41% and a return on equity of 10.50%.

Insiders Place Their Bets

In other news, EVP Christy Ames sold 1,715 shares of Republic Bancorp stock in a transaction on Friday, August 30th. The stock was sold at an average price of $63.72, for a total value of $109,279.80. Following the transaction, the executive vice president now directly owns 4,240 shares in the company, valued at approximately $270,172.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Republic Bancorp news, EVP Pedro A. Bryant sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $65.61, for a total value of $164,025.00. Following the completion of the sale, the executive vice president now directly owns 1,425 shares in the company, valued at $93,494.25. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Christy Ames sold 1,715 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $63.72, for a total value of $109,279.80. Following the transaction, the executive vice president now directly owns 4,240 shares in the company, valued at $270,172.80. The disclosure for this sale can be found here. Insiders sold a total of 18,078 shares of company stock worth $1,170,715 over the last 90 days. Company insiders own 55.50% of the company’s stock.

About Republic Bancorp

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.