Republic Bancorp (RBCAA) Projected to Post Earnings on Friday

Republic Bancorp (NASDAQ:RBCAA) will likely be issuing its results before the market opens on Friday, January 23rd. Analysts expect the company to announce earnings of $1.30 per share and revenue of $92.50 million for the quarter.

Republic Bancorp (NASDAQ:RBCAA) last announced its quarterly earnings results on Friday, October 17th. The bank reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.38 by $0.14. Republic Bancorp had a return on equity of 12.23% and a net margin of 24.53%.The firm had revenue of $93.54 million for the quarter, compared to the consensus estimate of $92.50 million.

Republic Bancorp Trading Up 2.8%

Republic Bancorp stock opened at $72.96 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.06 and a quick ratio of 1.05. Republic Bancorp has a one year low of $56.79 and a one year high of $78.25. The stock has a market capitalization of $1.43 billion, a PE ratio of 11.17 and a beta of 0.60. The business’s fifty day moving average is $69.44 and its 200 day moving average is $71.45.

Republic Bancorp Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, December 19th will be paid a dividend of $0.451 per share. The ex-dividend date is Friday, December 19th. This represents a $1.80 annualized dividend and a yield of 2.5%. Republic Bancorp’s dividend payout ratio is currently 27.57%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Quarry LP bought a new stake in shares of Republic Bancorp during the 3rd quarter valued at about $27,000. Qube Research & Technologies Ltd lifted its stake in shares of Republic Bancorp by 20.7% in the 3rd quarter. Qube Research & Technologies Ltd now owns 24,718 shares of the bank’s stock worth $1,786,000 after purchasing an additional 4,240 shares during the period. Mercer Global Advisors Inc. ADV purchased a new position in shares of Republic Bancorp in the third quarter worth approximately $1,600,000. Millennium Management LLC boosted its holdings in shares of Republic Bancorp by 172.3% in the third quarter. Millennium Management LLC now owns 63,702 shares of the bank’s stock worth $4,602,000 after buying an additional 40,308 shares during the last quarter. Finally, Citadel Advisors LLC bought a new stake in Republic Bancorp during the third quarter valued at approximately $232,000. 24.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Republic Bancorp in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $69.00.

Republic Bancorp Company Profile

Republic Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, that operates through its principal subsidiary, Republic Bank & Trust Company. The company provides a full suite of commercial and retail banking services tailored to individuals, small businesses and middle‐market clients. Core offerings include deposit accounts, consumer and commercial lending, treasury and cash-management services, mortgage financing, SBA lending and wealth management solutions. Republic Bancorp also supports specialized financing needs through equipment leasing and small business advisory services.

Republic Bancorp’s branch network spans key markets in the U.S.