Republic Bancorp (NASDAQ:RBCAA) Issues Earnings Results

Republic Bancorp (NASDAQ:RBCAA) issued its quarterly earnings data on Friday. The bank reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.16, Zacks reports. The firm had revenue of $118.36 million for the quarter. Republic Bancorp had a return on equity of 10.50% and a net margin of 20.41%.

Republic Bancorp Stock Performance

RBCAA opened at $69.10 on Monday. The firm has a market cap of $1.87 billion, a P/E ratio of 14.52 and a beta of 0.52. Republic Bancorp has a 52-week low of $42.51 and a 52-week high of $70.00. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.09 and a current ratio of 1.09. The business’s fifty day moving average is $63.12 and its 200-day moving average is $57.05.

Wall Street Analyst Weigh In

Separately, Hovde Group increased their target price on Republic Bancorp from $68.00 to $78.00 and gave the stock an “outperform” rating in a report on Friday.

Insider Transactions at Republic Bancorp

In related news, EVP Christy Ames sold 1,715 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $63.72, for a total value of $109,279.80. Following the sale, the executive vice president now directly owns 4,240 shares of the company’s stock, valued at $270,172.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Republic Bancorp news, EVP Christy Ames sold 1,715 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $63.72, for a total value of $109,279.80. Following the completion of the transaction, the executive vice president now directly owns 4,240 shares in the company, valued at approximately $270,172.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director David P. Feaster sold 789 shares of the stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $65.91, for a total value of $52,002.99. Following the completion of the transaction, the director now owns 5,487 shares of the company’s stock, valued at $361,648.17. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,078 shares of company stock valued at $1,170,715. 55.50% of the stock is owned by corporate insiders.

Republic Bancorp Company 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.