Republic Bancorp (NASDAQ:RBCAA – Get Free Report) is expected to announce its results before the market opens on Friday, July 17th. Analysts expect Republic Bancorp to post earnings of $1.55 per share and revenue of $97.60 million for the quarter.
Republic Bancorp (NASDAQ:RBCAA – Get Free Report) last posted its earnings results on Thursday, April 23rd. The bank reported $2.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.41 by $0.63. Republic Bancorp had a net margin of 25.22% and a return on equity of 11.32%. The business had revenue of $114.57 million for the quarter, compared to analysts’ expectations of $96.60 million. On average, analysts expect Republic Bancorp to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Republic Bancorp Stock Performance
Shares of RBCAA stock opened at $89.34 on Thursday. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average price of $84.08 and a 200-day moving average price of $75.91. Republic Bancorp has a 52 week low of $63.97 and a 52 week high of $93.54. The firm has a market capitalization of $1.75 billion, a PE ratio of 13.79 and a beta of 0.56.
Republic Bancorp Dividend Announcement
Insiders Place Their Bets
In other news, EVP Christy Ames sold 340 shares of Republic Bancorp stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $87.90, for a total transaction of $29,886.00. Following the transaction, the executive vice president directly owned 6,145 shares of the company’s stock, valued at $540,145.50. The trade was a 5.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Anthony T. Powell sold 3,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $83.54, for a total transaction of $250,620.00. Following the completion of the sale, the executive vice president directly owned 24,691 shares of the company’s stock, valued at $2,062,686.14. This represents a 10.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 55.90% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On Republic Bancorp
A number of hedge funds have recently modified their holdings of RBCAA. Quarry LP bought a new stake in shares of Republic Bancorp during the 3rd quarter valued at $27,000. Russell Investments Group Ltd. boosted its holdings in Republic Bancorp by 2,561.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 825 shares of the bank’s stock worth $60,000 after buying an additional 794 shares during the period. Raymond James Financial Inc. purchased a new stake in Republic Bancorp in the 2nd quarter worth $121,000. CANADA LIFE ASSURANCE Co increased its stake in Republic Bancorp by 541.2% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,757 shares of the bank’s stock worth $121,000 after buying an additional 1,483 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Republic Bancorp by 46.4% during the second quarter. BNP Paribas Financial Markets now owns 1,887 shares of the bank’s stock valued at $138,000 after acquiring an additional 598 shares during the period. 24.37% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on RBCAA shares. Zacks Research upgraded Republic Bancorp to a “hold” rating in a research note on Monday. Weiss Ratings reiterated a “buy (b)” rating on shares of Republic Bancorp in a research report on Tuesday, June 9th. Finally, Wall Street Zen raised Republic Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy”.
View Our Latest Research Report on RBCAA
Republic Bancorp Company Profile
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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