Republic Bancorp, Inc. (RBCAA) To Go Ex-Dividend on December 14th
Republic Bancorp, Inc. (NASDAQ:RBCAA) declared a quarterly dividend on Thursday, November 16th, Wall Street Journal reports. Shareholders of record on Friday, December 15th will be paid a dividend of 0.22 per share by the bank on Friday, January 19th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date of this dividend is Thursday, December 14th.
Republic Bancorp (RBCAA) opened at $40.78 on Friday. The firm has a market cap of $850.21, a price-to-earnings ratio of 16.77 and a beta of 0.53. Republic Bancorp has a 1-year low of $31.97 and a 1-year high of $44.04. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.26.
Republic Bancorp (NASDAQ:RBCAA) last announced its quarterly earnings results on Friday, October 20th. The bank reported $0.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.05. The company had revenue of $58.68 million for the quarter. Republic Bancorp had a net margin of 19.02% and a return on equity of 8.18%. equities research analysts expect that Republic Bancorp will post 2.44 earnings per share for the current year.
In related news, EVP Steven E. Deweese sold 7,000 shares of Republic Bancorp stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $41.00, for a total transaction of $287,000.00. Following the transaction, the executive vice president now owns 34,115 shares in the company, valued at approximately $1,398,715. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 52.30% of the company’s stock.
A number of brokerages have weighed in on RBCAA. Zacks Investment Research lowered shares of Republic Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, September 30th. Hovde Group lowered shares of Republic Bancorp from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $39.00 to $41.00 in a report on Wednesday, October 4th. Finally, ValuEngine lowered shares of Republic Bancorp from a “buy” rating to a “hold” rating in a report on Saturday, November 25th.
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Republic Bancorp Company Profile
Republic Bancorp, Inc is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc (the Captive). The Bank is a Kentucky-based, state chartered non-member financial institution. The Captive is an insurance subsidiary of the Company. The Company operates through four segments: Traditional Banking, which provides traditional banking products to customers; Warehouse Lending (Warehouse), which provides short-term, revolving credit facilities to mortgage bankers across the United States through mortgage warehouse lines of credit; Mortgage Banking, which originates, sells and services long-term, single family, first lien residential real estate loans, and Republic Processing Group (RPG), which facilitates the receipt and payment of federal and state tax refund products.
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