Republic Bancorp (NASDAQ:RBCAA) Posts Quarterly Earnings Results

Republic Bancorp (NASDAQ:RBCAA) posted its quarterly earnings results on Friday. The bank reported $1.59 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.06), FiscalAI reports. Republic Bancorp had a return on equity of 11.20% and a net margin of 25.38%. The company had revenue of $103.93 million during the quarter, compared to the consensus estimate of $100.35 million.

Republic Bancorp Price Performance

NASDAQ:RBCAA traded down $1.40 during trading hours on Friday, hitting $90.80. The stock had a trading volume of 45,384 shares, compared to its average volume of 85,945. The company has a 50 day simple moving average of $93.98 and a two-hundred day simple moving average of $87.98. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 13.86 and a beta of 0.55. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.02 and a quick ratio of 1.01. Republic Bancorp has a one year low of $63.97 and a one year high of $102.22.

Wall Street Analyst Weigh In

RBCAA has been the topic of a number of analyst reports. Raymond James Financial began coverage on Republic Bancorp in a research note on Wednesday, September 2nd. They set a “hold” rating on the stock. Hovde Group raised their target price on Republic Bancorp from $80.00 to $98.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. Zacks Research raised Republic Bancorp to a “hold” rating in a report on Monday, July 13th. Finally, Weiss Ratings raised Republic Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a report on Friday, October 16th. One analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Republic Bancorp presently has an average rating of “Hold” and an average price target of $98.00.

Republic Bancorp Company Profile

Republic Bancorp, Inc is a Louisville, Kentucky-based bank holding company whose principal subsidiary is Republic Bank & Trust Company. The company provides consumer and commercial banking services to individuals, businesses, professionals and institutions.

Republic Bank offers deposit accounts, checking and savings products, consumer and commercial loans, mortgages, treasury management, private banking, wealth management and investment services. Through its Republic Processing Group, the company also provides financial services and processing solutions for tax professionals, including tax refund-related products and services.

Founded in 1974, Republic Bancorp serves customers through banking operations primarily in Kentucky and selected markets in the surrounding region, including Indiana, Ohio, Tennessee and Florida.