Republic Bancorp, Inc. (NASDAQ:RBCAA) declared a quarterly dividend on Thursday, July 20th, Wall Street Journal reports. Investors of record on Friday, September 15th will be given a dividend of 0.22 per share by the bank on Friday, October 20th. This represents a $0.88 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Thursday, September 14th.

Republic Bancorp (RBCAA) traded up 0.92% on Thursday, hitting $36.09. 5,210 shares of the company traded hands. The stock’s 50-day moving average is $35.63 and its 200 day moving average is $35.44. The firm has a market capitalization of $752.77 million, a P/E ratio of 15.69 and a beta of 0.48. Republic Bancorp has a 12 month low of $28.56 and a 12 month high of $40.74.

Republic Bancorp (NASDAQ:RBCAA) last issued its quarterly earnings results on Thursday, April 20th. The bank reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by $0.02. Republic Bancorp had a return on equity of 7.96% and a net margin of 19.40%. The firm had revenue of $81.36 million during the quarter. Equities analysts forecast that Republic Bancorp will post $2.31 EPS for the current fiscal year.

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A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Republic Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub downgraded shares of Republic Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Finally, Hovde Group upgraded shares of Republic Bancorp from a “market perform” rating to an “outperform” rating and set a $39.00 price target for the company in a research note on Wednesday, March 29th.

About Republic Bancorp

Republic Bancorp, Inc 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. The Company operates through four segments: Traditional Banking, which provides traditional banking products to customers; Warehouse Lending (Warehouse), which provides short-term, revolving credit facilities to mortgage bankers across the United States through mortgage warehouse lines of credit; 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.

Dividend History for Republic Bancorp (NASDAQ:RBCAA)

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