Republic Bancorp, Inc. to Issue Quarterly Dividend of $0.22 (RBCAA)
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.
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.
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