Republic Bancorp, Inc. KY (NASDAQ:RBCAA) released its quarterly earnings results on Friday. The bank reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.06, Bloomberg Earnings reports. The business had revenue of $60.83 million for the quarter. Republic Bancorp, Inc. KY had a net margin of 19.02% and a return on equity of 8.18%.
Republic Bancorp, Inc. KY (NASDAQ RBCAA) traded up $0.12 during midday trading on Friday, reaching $39.22. 40,161 shares of the company’s stock traded hands, compared to its average volume of 10,586. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.26. Republic Bancorp, Inc. KY has a 12 month low of $31.97 and a 12 month high of $44.04. The firm has a market cap of $815.59, a PE ratio of 16.14 and a beta of 0.53.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Friday, March 16th will be issued a dividend of $0.242 per share. This represents a $0.97 annualized dividend and a yield of 2.47%. The ex-dividend date is Thursday, March 15th. This is a boost from Republic Bancorp, Inc. KY’s previous quarterly dividend of $0.22. Republic Bancorp, Inc. KY’s payout ratio is 36.21%.
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About Republic Bancorp, Inc. KY
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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