Republic Bancorp (NASDAQ:RBCAA) Issues Quarterly Earnings Results

Republic Bancorp (NASDAQ:RBCAA) announced its quarterly earnings data on Friday. The bank reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.16, Zacks reports. The firm had revenue of $118.36 million during the quarter. Republic Bancorp had a net margin of 20.41% and a return on equity of 10.50%.

Republic Bancorp Stock Performance

Shares of NASDAQ RBCAA opened at $69.10 on Monday. The firm has a fifty day moving average price of $63.12 and a 200-day moving average price of $57.05. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market cap of $1.87 billion, a PE ratio of 14.52 and a beta of 0.52. Republic Bancorp has a 1 year low of $42.51 and a 1 year high of $70.00.

Insider Activity at Republic Bancorp

In other Republic Bancorp news, Director David P. Feaster sold 789 shares of Republic Bancorp stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $65.91, for a total value of $52,002.99. Following the completion of the transaction, the director now directly owns 5,487 shares of the company’s stock, valued at $361,648.17. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, Director David P. Feaster sold 789 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $65.91, for a total value of $52,002.99. Following the completion of the sale, the director now owns 5,487 shares in the company, valued at approximately $361,648.17. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kevin D. Sipes sold 10,074 shares of the firm’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $65.07, for a total transaction of $655,515.18. Following the completion of the sale, the chief financial officer now owns 70,086 shares of the company’s stock, valued at $4,560,496.02. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,078 shares of company stock valued at $1,170,715. Corporate insiders own 55.50% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Hovde Group increased their price objective on shares of Republic Bancorp from $68.00 to $78.00 and gave the stock an “outperform” rating in a research note on Friday.

Republic Bancorp Company Profile

Republic Bancorp, Inc operates as a bank holding company for Republic Bank & Trust Company that provides various banking products and services in the United States. It operates in six segments: Traditional Banking, Warehouse, Mortgage Banking, Tax Refund Solutions, Republic Payment Solutions, and Republic Credit Solutions.