Republic Bancorp Inc. (RBCAA) Set to Announce Earnings on Friday
Republic Bancorp Inc. (NASDAQ:RBCAA) is scheduled to release its earnings data on Friday, October 14th. Analysts expect Republic Bancorp to post earnings of $0.38 per share for the quarter.
Republic Bancorp (NASDAQ:RBCAA) last announced its earnings results on Friday, July 22nd. The company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.04. Republic Bancorp had a return on equity of 6.70% and a net margin of 18.78%. On average, analysts expect Republic Bancorp to post $2.04 EPS for the current fiscal year and $2.34 EPS for the next fiscal year.
Shares of Republic Bancorp Inc. (NASDAQ:RBCAA) opened at 30.82 on Thursday. The company has a market cap of $642.97 million, a P/E ratio of 16.51 and a beta of 0.72. Republic Bancorp Inc. has a 52 week low of $23.00 and a 52 week high of $33.26. The company’s 50-day moving average price is $31.19 and its 200 day moving average price is $28.74.
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The firm also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Friday, September 16th will be given a dividend of $0.209 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date is Wednesday, September 14th. Republic Bancorp’s dividend payout ratio is currently 44.68%.
Large investors have recently made changes to their positions in the stock. Panagora Asset Management Inc. raised its stake in shares of Republic Bancorp by 80.6% in the second quarter. Panagora Asset Management Inc. now owns 4,345 shares of the company’s stock worth $120,000 after buying an additional 1,939 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of Republic Bancorp by 0.5% in the second quarter. Parametric Portfolio Associates LLC now owns 51,930 shares of the company’s stock worth $1,435,000 after buying an additional 258 shares in the last quarter. Teachers Advisors Inc. raised its stake in shares of Republic Bancorp by 6.0% in the second quarter. Teachers Advisors Inc. now owns 17,952 shares of the company’s stock worth $496,000 after buying an additional 1,022 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Republic Bancorp by 90.3% in the second quarter. Alliancebernstein L.P. now owns 35,460 shares of the company’s stock worth $980,000 after buying an additional 16,830 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of Republic Bancorp by 3.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 387,169 shares of the company’s stock worth $10,697,000 after buying an additional 14,611 shares in the last quarter. 24.31% of the stock is currently owned by institutional investors and hedge funds.
Separately, Zacks Investment Research lowered Republic Bancorp from a “strong-buy” rating to a “hold” rating in a research report on Tuesday.
Republic Bancorp Company Profile
Republic Bancorp, Inc (Republic) is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc (the Captive). The Bank is a Kentucky-based, state chartered non-member financial institution. The Captive is an insurance subsidiary of the Company. It operates in four segments: Traditional Banking, which provides traditional banking products primarily to customers; Warehouse Lending (Warehouse), which provides short-term, revolving credit facilities to mortgage bankers across the Nation; Mortgage Banking, which originates, sells and services long-term, single family, first lien residential real estate loans, and Republic Processing Group (RPG), which facilitates the receipt and payment of federal and state tax refund products.
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