Republic Bancorp, Inc. KY (RBCAA) Posts Earnings Results, Beats Expectations By $0.06 EPS

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%.

RBCAA has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Republic Bancorp, Inc. KY from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Friday, November 17th. ValuEngine cut shares of Republic Bancorp, Inc. KY from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. Hovde Group cut shares of Republic Bancorp, Inc. KY from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $39.00 to $41.00 in a report on Wednesday, October 4th. Finally, BidaskClub cut shares of Republic Bancorp, Inc. KY from a “hold” rating to a “sell” rating in a report on Friday, December 29th.

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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.

Earnings History for Republic Bancorp, Inc. KY (NASDAQ:RBCAA)

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