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

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

Republic Bancorp Trading Down 2.4 %

NASDAQ RBCAA opened at $66.99 on Friday. Republic Bancorp has a 12 month low of $46.55 and a 12 month high of $80.68. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The stock’s fifty day moving average price is $72.10 and its 200-day moving average price is $67.05. The stock has a market cap of $1.30 billion, a P/E ratio of 12.74 and a beta of 0.56.

Republic Bancorp Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 18th. Investors of record on Friday, March 21st will be given a dividend of $0.451 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Friday, March 21st. This is a positive change from Republic Bancorp’s previous quarterly dividend of $0.41. Republic Bancorp’s dividend payout ratio (DPR) is 30.99%.

Insider Buying and Selling

In other Republic Bancorp news, Director Heather V. Howell sold 1,496 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $75.63, for a total transaction of $113,142.48. Following the sale, the director now directly owns 7,491 shares in the company, valued at approximately $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 accessible through this hyperlink. 55.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Hovde Group lowered shares of Republic Bancorp from an “outperform” rating to a “market perform” rating and upped their price target for the company from $78.00 to $80.00 in a report on Wednesday, November 13th.

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.