Republic Bancorp, Inc. (NASDAQ:RBCAA) to Issue $0.50 Quarterly Dividend

Republic Bancorp, Inc. (NASDAQ:RBCAA – Get Free Report) declared a quarterly dividend on Wednesday, May 20th. Stockholders of record on Thursday, June 18th will be given a dividend of 0.495 per share by the bank on Friday, July 17th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, June 18th.

Republic Bancorp has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 27 years. Republic Bancorp has a dividend payout ratio of 33.2% meaning its dividend is sufficiently covered by earnings.

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Republic Bancorp Trading Up 1.1%

NASDAQ RBCAA opened at $78.43 on Thursday. The company’s 50-day moving average price is $72.95 and its 200-day moving average price is $71.13. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.32. The stock has a market cap of $1.54 billion, a PE ratio of 12.10 and a beta of 0.57. Republic Bancorp has a 12 month low of $63.97 and a 12 month high of $78.44.

Republic Bancorp (NASDAQ:RBCAA – Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The bank reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.63. The firm had revenue of $114.57 million for the quarter, compared to analysts’ expectations of $96.60 million. Republic Bancorp had a net margin of 25.22% and a return on equity of 11.32%.

Republic Bancorp Company Profile

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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.

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