Republic Bancorp (RBCAA) Expected to Announce Earnings on Friday

Republic Bancorp (NASDAQ:RBCAA) is projected 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 Stock Performance

Shares of RBCAA opened at $69.14 on Wednesday. Republic Bancorp has a 1 year low of $46.55 and a 1 year high of $80.68. The company’s 50 day simple moving average is $72.79 and its 200 day simple moving average is $66.80. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 13.14 and a beta of 0.56. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Friday, December 20th were given a dividend of $0.407 per share. This represents a $1.63 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend was Friday, December 20th. Republic Bancorp’s dividend payout ratio (DPR) is 30.99%.

Insider Buying and Selling

In related news, Director Heather V. Howell sold 1,496 shares of the stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $75.63, for a total transaction of $113,142.48. Following the completion of the sale, the director now directly owns 7,491 shares of the company’s stock, valued at $566,544.33. This represents a 16.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 56.60% of the company’s stock.

Analysts Set New Price Targets

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

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.