Republic Bancorp, Inc. (NASDAQ:RBCAA) will release its earnings data on Thursday, July 20th. Analysts expect Republic Bancorp to post earnings of $0.48 per share for the quarter.
Republic Bancorp (NASDAQ:RBCAA) last announced its quarterly earnings results on Thursday, April 20th. The bank reported $0.96 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by $0.02. The business had revenue of $81.36 million for the quarter. Republic Bancorp had a net margin of 19.40% and a return on equity of 7.96%. On average, analysts expect Republic Bancorp to post $2.31 EPS for the current fiscal year and $2.66 EPS for the next fiscal year.
Republic Bancorp, Inc. (NASDAQ:RBCAA) opened at 35.26 on Tuesday. The company has a market capitalization of $735.45 million, a P/E ratio of 15.33 and a beta of 0.48. The stock’s 50 day moving average price is $35.25 and its 200-day moving average price is $35.80. Republic Bancorp, Inc. has a one year low of $28.56 and a one year high of $40.74.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 21st. Stockholders of record on Friday, June 16th will be given a $0.22 dividend. This is a boost from Republic Bancorp’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.50%. Republic Bancorp’s dividend payout ratio (DPR) is presently 38.10%.
A number of analysts have recently weighed in on the company. BidaskClub cut Republic Bancorp from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Zacks Investment Research raised Republic Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Hovde Group raised Republic Bancorp from a “market perform” rating to an “outperform” rating and set a $39.00 price objective for the company in a research report on Wednesday, March 29th.
About Republic Bancorp
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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