Republic Bancorp (NASDAQ:RBCAA) Announces Quarterly Earnings Results, Beats Expectations By $0.16 EPS

Republic Bancorp (NASDAQ:RBCAA) released its quarterly earnings results on Friday. The bank reported $1.37 EPS for the quarter, beating analysts’ consensus estimates of $1.21 by $0.16, Zacks reports. Republic Bancorp had a return on equity of 10.50% and a net margin of 20.41%. The business had revenue of $118.36 million during the quarter.

Republic Bancorp Stock Performance

NASDAQ RBCAA opened at $69.10 on Monday. The company has a market capitalization of $1.87 billion, a PE ratio of 14.52 and a beta of 0.52. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.09 and a current ratio of 1.09. Republic Bancorp has a 52-week low of $42.51 and a 52-week high of $70.00. The company has a 50-day simple moving average of $63.12 and a 200 day simple moving average of $57.05.

Insider Buying and Selling at Republic Bancorp

In other Republic Bancorp news, Director David P. Feaster sold 789 shares of the stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $65.91, for a total transaction of $52,002.99. Following the completion of the transaction, the director now directly owns 5,487 shares of the company’s stock, valued at approximately $361,648.17. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director David P. Feaster sold 789 shares of Republic Bancorp stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $65.91, for a total value of $52,002.99. Following the completion of the transaction, the director now owns 5,487 shares in the company, valued at $361,648.17. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Pedro A. Bryant sold 2,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The shares were sold at an average price of $65.61, for a total transaction of $164,025.00. Following the sale, the executive vice president now owns 1,425 shares in the company, valued at $93,494.25. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,078 shares of company stock worth $1,170,715 over the last three months. 55.50% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Hovde Group upped their target price on Republic Bancorp from $68.00 to $78.00 and gave the company an “outperform” rating in a report on Friday.

About Republic Bancorp

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.