Republic Bancorp (NASDAQ:RBCAA) Issues Earnings Results

Republic Bancorp (NASDAQ:RBCAA) issued its earnings results on Friday. The bank reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.22), Zacks reports. Republic Bancorp had a net margin of 20.65% and a return on equity of 10.79%.

Republic Bancorp Stock Performance

NASDAQ:RBCAA opened at $66.84 on Friday. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 12.84 and a beta of 0.56. The firm’s fifty day simple moving average is $72.44 and its 200 day simple moving average is $66.93. Republic Bancorp has a twelve month low of $46.55 and a twelve month high of $80.68.

Republic Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be issued a dividend of $0.451 per share. This is a positive change from Republic Bancorp’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.80 annualized dividend and a dividend yield of 2.70%. Republic Bancorp’s payout ratio is presently 30.99%.

Insider Activity at Republic Bancorp

In other news, Director Heather V. Howell sold 1,496 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $75.63, for a total value of $113,142.48. Following the completion of the sale, the director now owns 7,491 shares of the company’s stock, valued at approximately $566,544.33. The trade was a 16.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 55.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Hovde Group cut shares of Republic Bancorp from an “outperform” rating to a “market perform” rating and raised their price objective for the stock from $78.00 to $80.00 in a research note on Wednesday, November 13th.

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.