Republic Bancorp (NASDAQ:RBCAA) Posts Earnings Results, Misses Expectations By $0.22 EPS

Republic Bancorp (NASDAQ:RBCAA) posted its quarterly earnings results on Friday. The bank reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.22), Zacks reports. Republic Bancorp had a net margin of 20.65% and a return on equity of 10.79%.

Republic Bancorp Stock Down 2.9 %

RBCAA opened at $66.65 on Friday. Republic Bancorp has a fifty-two week low of $46.55 and a fifty-two week high of $80.68. The company’s 50-day moving average is $72.44 and its 200 day moving average is $66.93. The firm has a market capitalization of $1.30 billion, a P/E ratio of 12.67 and a beta of 0.56. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.12 and a quick ratio of 1.11.

Republic Bancorp Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be given a $0.451 dividend. The ex-dividend date is Friday, March 21st. This is a positive change from Republic Bancorp’s previous quarterly dividend of $0.41. This represents a $1.80 annualized dividend and a dividend yield of 2.71%. Republic Bancorp’s dividend payout ratio (DPR) is 30.99%.

Analyst Ratings Changes

Separately, Hovde Group cut Republic Bancorp from an “outperform” rating to a “market perform” rating and upped their price objective for the stock from $78.00 to $80.00 in a research report on Wednesday, November 13th.

Insiders Place Their Bets

In other news, Director Heather V. Howell sold 1,496 shares of the firm’s 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 owns 7,491 shares in the company, valued at $566,544.33. This trade represents a 16.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 55.50% of the company’s stock.

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.