Republic Bancorp, Inc. (RBCAA) Scheduled to Post Earnings on Thursday
Republic Bancorp, Inc. (NASDAQ:RBCAA) will release its earnings data on Thursday, October 19th.
Republic Bancorp (NASDAQ:RBCAA) last released its earnings results on Friday, July 21st. The bank reported $0.48 EPS for the quarter, hitting analysts’ consensus estimates of $0.48. Republic Bancorp had a return on equity of 8.14% and a net margin of 19.33%. The firm had revenue of $56.06 million for the quarter. On average, analysts expect Republic Bancorp to post $2.34 EPS for the current fiscal year and $2.70 EPS for the next fiscal year.
Shares of Republic Bancorp, Inc. (NASDAQ RBCAA) opened at 41.23 on Thursday. Republic Bancorp, Inc. has a 1-year low of $28.56 and a 1-year high of $41.79. The stock has a 50 day moving average price of $36.98 and a 200-day moving average price of $35.58. The stock has a market capitalization of $859.98 million, a PE ratio of 17.32 and a beta of 0.52.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 15th will be given a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Thursday, September 14th. Republic Bancorp’s payout ratio is 36.82%.
In related news, EVP Steven E. Deweese sold 1,115 shares of the business’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $35.49, for a total transaction of $39,571.35. Following the transaction, the executive vice president now directly owns 41,630 shares in the company, valued at approximately $1,477,448.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Steven E. Deweese sold 1,000 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $34.50, for a total value of $34,500.00. Following the sale, the executive vice president now owns 42,230 shares in the company, valued at approximately $1,456,935. The disclosure for this sale can be found here. 52.30% of the stock is owned by insiders.
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Several research analysts recently weighed in on the company. Zacks Investment Research upgraded Republic Bancorp from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Saturday, September 9th. BidaskClub downgraded Republic Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Finally, Hovde Group downgraded Republic Bancorp from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $39.00 to $41.00 in a research note on Wednesday, October 4th.
Republic Bancorp Company Profile
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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