Republic Bancorp (RBCAA) Projected to Post Earnings on Friday

Republic Bancorp (NASDAQ:RBCAA) is anticipated to issue its quarterly earnings data before the market opens on Friday, January 24th. Analysts expect the company to announce earnings of $1.20 per share and revenue of $87,200.00 billion for the quarter.

Republic Bancorp (NASDAQ:RBCAA) last issued its earnings results on Friday, October 18th. The bank reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.21 by $0.16. Republic Bancorp had a net margin of 20.65% and a return on equity of 10.79%. The firm had revenue of $118.36 million during the quarter.

Republic Bancorp Trading Down 0.8 %

RBCAA opened at $67.49 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.12. Republic Bancorp has a one year low of $46.55 and a one year high of $80.68. The company has a market cap of $1.31 billion, a P/E ratio of 12.83 and a beta of 0.56. The business’s 50-day simple moving average is $73.28 and its 200-day simple moving average is $66.38.

Republic Bancorp Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, December 20th will be given a dividend of $0.407 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.63 annualized dividend and a dividend yield of 2.41%. Republic Bancorp’s dividend payout ratio is presently 30.99%.

Analyst Upgrades and Downgrades

Separately, Hovde Group cut Republic Bancorp from an “outperform” rating to a “market perform” rating and lifted their target price for the stock from $78.00 to $80.00 in a research report on Wednesday, November 13th.

Insiders Place Their Bets

In related news, Director Heather V. Howell sold 1,496 shares of Republic Bancorp stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $75.63, for a total transaction of $113,142.48. Following the completion of the transaction, the director now directly owns 7,491 shares of the company’s stock, valued at approximately $566,544.33. The trade was a 16.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 56.60% of the stock is currently owned by company insiders.

Republic Bancorp Company Profile

Republic Bancorp, Inc operates as a bank holding company for Republic Bank & Trust Company that provides various banking products and services in the United States. It operates in six segments: Traditional Banking, Warehouse, Mortgage Banking, Tax Refund Solutions, Republic Payment Solutions, and Republic Credit Solutions.