Republic Bancorp (NASDAQ:RBCAA) Issues Earnings Results

Republic Bancorp (NASDAQ:RBCAA) posted its earnings results on Friday. The bank reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.13, FiscalAI reports. Republic Bancorp had a net margin of 25.22% and a return on equity of 11.32%. The firm had revenue of $101.27 million during the quarter, compared to analysts’ expectations of $97.60 million.

Republic Bancorp Stock Up 3.2%

Republic Bancorp stock opened at $93.63 on Friday. The firm has a market cap of $1.84 billion, a price-to-earnings ratio of 14.29 and a beta of 0.56. The firm has a fifty day moving average price of $86.20 and a two-hundred day moving average price of $76.96. Republic Bancorp has a fifty-two week low of $63.97 and a fifty-two week high of $94.31. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.06 and a quick ratio of 1.05.

Republic Bancorp Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, September 18th will be given a dividend of $0.495 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $1.98 dividend on an annualized basis and a yield of 2.1%. Republic Bancorp’s payout ratio is currently 30.56%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on RBCAA shares. Wall Street Zen raised shares of Republic Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Republic Bancorp in a research report on Tuesday, June 9th. Finally, Zacks Research raised Republic Bancorp to a “hold” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy”.

Insider Buying and Selling

In other Republic Bancorp news, EVP Anthony T. Powell sold 3,000 shares of Republic Bancorp stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $83.54, for a total value of $250,620.00. Following the transaction, the executive vice president directly owned 24,691 shares of the company’s stock, valued at $2,062,686.14. The trade was a 10.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Christy Ames sold 340 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $87.90, for a total value of $29,886.00. Following the transaction, the executive vice president owned 6,145 shares of the company’s stock, valued at approximately $540,145.50. This trade represents a 5.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 55.90% of the company’s stock.

Institutional Trading of Republic Bancorp

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Deutsche Bank AG raised its holdings in Republic Bancorp by 15.0% in the 4th quarter. Deutsche Bank AG now owns 5,377 shares of the bank’s stock valued at $371,000 after acquiring an additional 701 shares in the last quarter. Citadel Advisors LLC acquired a new stake in shares of Republic Bancorp during the 3rd quarter worth approximately $232,000. BNP Paribas Financial Markets increased its position in shares of Republic Bancorp by 54.5% during the third quarter. BNP Paribas Financial Markets now owns 2,915 shares of the bank’s stock valued at $211,000 after purchasing an additional 1,028 shares during the period. Engineers Gate Manager LP bought a new stake in shares of Republic Bancorp during the second quarter valued at approximately $203,000. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Republic Bancorp by 3.8% in the second quarter. The Manufacturers Life Insurance Company now owns 5,072 shares of the bank’s stock valued at $371,000 after purchasing an additional 187 shares in the last quarter. 24.37% of the stock is currently owned by institutional investors and hedge funds.

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.