Republic Bancorp, Inc. KY (NASDAQ:RBCAA) declared a quarterly dividend on Wednesday, July 17th, Zacks reports. Stockholders of record on Friday, September 20th will be given a dividend of 0.264 per share by the bank on Friday, October 18th. This represents a $1.06 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Thursday, September 19th.
Republic Bancorp, Inc. KY has raised its dividend by an average of 7.1% annually over the last three years and has raised its dividend every year for the last 17 years. Republic Bancorp, Inc. KY has a dividend payout ratio of 34.1% meaning its dividend is sufficiently covered by earnings.
Shares of NASDAQ RBCAA opened at $44.36 on Wednesday. Republic Bancorp, Inc. KY has a twelve month low of $35.17 and a twelve month high of $52.68. The firm has a market cap of $941.10 million, a P/E ratio of 11.70 and a beta of 0.66. The company has a 50 day moving average of $44.12 and a 200 day moving average of $46.14. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 1.36.
Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last announced its quarterly earnings data on Friday, July 19th. The bank reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.08. Republic Bancorp, Inc. KY had a net margin of 24.45% and a return on equity of 11.41%. The company had revenue of $69.07 million during the quarter.
In other Republic Bancorp, Inc. KY news, EVP Juan Montano sold 2,219 shares of the business’s stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $42.63, for a total value of $94,595.97. Following the sale, the executive vice president now owns 9,923 shares in the company, valued at approximately $423,017.49. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 52.00% of the stock is owned by insiders.
Separately, BidaskClub raised shares of Republic Bancorp, Inc. KY from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 12th.
Republic Bancorp, Inc. KY Company Profile
Republic Bancorp, Inc, a financial holding company, provides banking products and services in the United States. It operates through five segments: Traditional Banking, Warehouse Lending, Mortgage Banking, Tax Refund Solutions, and Republic Credit Solutions. The company accepts demand, savings, time, and brokered and other certificates of deposit; and money market and individual retirement accounts.
Further Reading: Rule of 72
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