Republic Bancorp, Inc. (RBCAA) To Go Ex-Dividend on March 20th

Republic Bancorp, Inc. (NASDAQ:RBCAA) declared a quarterly dividend on Wednesday, January 21st. Shareholders of record on Friday, March 20th will be paid a dividend of 0.495 per share by the bank on Friday, April 17th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, March 20th. This is a 9.8% increase from Republic Bancorp’s previous quarterly dividend of $0.45.

Republic Bancorp has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 27 years. Republic Bancorp has a dividend payout ratio of 33.2% meaning its dividend is sufficiently covered by earnings.

Republic Bancorp Trading Down 1.0%

Shares of NASDAQ RBCAA opened at $68.70 on Wednesday. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 10.22 and a beta of 0.59. Republic Bancorp has a 12-month low of $56.79 and a 12-month high of $78.25. The company has a current ratio of 1.08, a quick ratio of 1.05 and a debt-to-equity ratio of 0.46. The stock’s 50 day simple moving average is $71.11 and its 200 day simple moving average is $70.84.

Republic Bancorp (NASDAQ:RBCAA) last issued its quarterly earnings data on Friday, January 30th. The bank reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.13). Republic Bancorp had a net margin of 25.19% and a return on equity of 12.27%. The firm had revenue of $94.27 million during the quarter, compared to the consensus estimate of $92.50 million.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wall Street Zen downgraded Republic Bancorp from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Republic Bancorp in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Republic Bancorp has a consensus rating of “Hold” and an average target price of $69.00.

Republic Bancorp Company Profile

Republic Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, that operates through its principal subsidiary, Republic Bank & Trust Company. The company provides a full suite of commercial and retail banking services tailored to individuals, small businesses and middle‐market clients. Core offerings include deposit accounts, consumer and commercial lending, treasury and cash-management services, mortgage financing, SBA lending and wealth management solutions. Republic Bancorp also supports specialized financing needs through equipment leasing and small business advisory services.

Republic Bancorp’s branch network spans key markets in the U.S.