Republic Bancorp, Inc. (RBCAA) to Issue Quarterly Dividend of $0.41 on January 17th

Republic Bancorp, Inc. (NASDAQ:RBCAA) announced a quarterly dividend on Wednesday, November 20th,Wall Street Journal reports. Stockholders of record on Friday, December 20th will be given a dividend of 0.407 per share by the bank on Friday, January 17th. This represents a $1.63 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date of this dividend is Friday, December 20th.

Republic Bancorp has raised its dividend payment by an average of 9.4% annually over the last three years and has raised its dividend annually for the last 26 consecutive years. Republic Bancorp has a dividend payout ratio of 29.2% meaning its dividend is sufficiently covered by earnings.

Republic Bancorp Stock Down 2.1 %

Shares of Republic Bancorp stock opened at $75.09 on Wednesday. Republic Bancorp has a 1 year low of $46.55 and a 1 year high of $80.68. The company has a market cap of $1.46 billion, a P/E ratio of 14.28 and a beta of 0.54. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. The stock has a 50-day moving average price of $72.65 and a 200 day moving average price of $63.75.

Republic Bancorp (NASDAQ:RBCAA) last posted its quarterly earnings results on Friday, October 18th. The bank reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.16. The business had revenue of $118.36 million during the quarter. Republic Bancorp had a net margin of 20.65% and a return on equity of 10.79%.

Wall Street Analysts Forecast Growth

Separately, Hovde Group cut Republic Bancorp from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from $78.00 to $80.00 in a research report on Wednesday, November 13th.

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.