Republic Bancorp (RBCAA) Expected to Announce Earnings on Friday

Republic Bancorp (NASDAQ:RBCAA) will likely be issuing its results before the market opens on Friday, July 17th. Analysts expect the company to announce earnings of $1.55 per share and revenue of $97.60 million for the quarter.

Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings results on Thursday, April 23rd. The bank reported $2.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.41 by $0.63. Republic Bancorp had a return on equity of 11.32% and a net margin of 25.22%.The firm had revenue of $114.57 million for the quarter, compared to the consensus estimate of $96.60 million. On average, analysts expect Republic Bancorp to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Republic Bancorp Stock Performance

Shares of RBCAA opened at $89.34 on Thursday. The firm has a market capitalization of $1.75 billion, a P/E ratio of 13.79 and a beta of 0.56. 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 has a one year low of $63.97 and a one year high of $93.54. The business has a fifty day moving average of $84.08 and a 200 day moving average of $75.91.

Republic Bancorp Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Shareholders of record on Thursday, June 18th will be given a $0.495 dividend. This represents a $1.98 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, June 18th. Republic Bancorp’s dividend payout ratio (DPR) is presently 30.56%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on RBCAA. Weiss Ratings restated a “buy (b)” rating on shares of Republic Bancorp in a research note on Tuesday, June 9th. Zacks Research upgraded shares of Republic Bancorp to a “hold” rating in a research note on Monday. Finally, Wall Street Zen raised shares of Republic Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Republic Bancorp currently has an average rating of “Moderate Buy”.

Insiders Place Their Bets

In other Republic Bancorp news, EVP Christy Ames sold 340 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $87.90, for a total transaction of $29,886.00. Following the completion of the sale, the executive vice president owned 6,145 shares of the company’s stock, valued at approximately $540,145.50. The trade was a 5.24% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Anthony T. Powell sold 3,000 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $83.54, for a total value of $250,620.00. Following the completion of the sale, the executive vice president owned 24,691 shares of the company’s stock, valued at approximately $2,062,686.14. The trade was a 10.83% decrease in their position. The SEC filing for this sale provides additional information. 55.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC increased its holdings in Republic Bancorp by 199.8% in the 1st quarter. AQR Capital Management LLC now owns 11,649 shares of the bank’s stock worth $743,000 after acquiring an additional 7,764 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Republic Bancorp by 5.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,945 shares of the bank’s stock valued at $316,000 after purchasing an additional 234 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Republic Bancorp in the first quarter worth approximately $716,000. Rhumbline Advisers boosted its position in shares of Republic Bancorp by 3.9% in the second quarter. Rhumbline Advisers now owns 14,120 shares of the bank’s stock worth $1,032,000 after purchasing an additional 527 shares during the period. Finally, Norges Bank purchased a new stake in shares of Republic Bancorp in the second quarter worth $578,000. 24.37% of the stock is currently owned by institutional investors.

About Republic Bancorp

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.