Republic Bancorp (RBCAA) Expected to Announce Quarterly Earnings on Friday

Republic Bancorp (NASDAQ:RBCAA) is expected to be issuing its quarterly earnings data before the market opens on Friday, January 24th. Analysts expect the company to announce earnings of $1.20 per share and revenue of $87,200.00 billion for the quarter.

Republic Bancorp Price Performance

Shares of NASDAQ RBCAA opened at $67.91 on Thursday. Republic Bancorp has a twelve month low of $46.55 and a twelve month high of $80.68. The firm has a 50-day moving average of $72.61 and a two-hundred day moving average of $66.92. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 12.91 and a beta of 0.56. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38.

Republic Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be given a $0.451 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.66%. This is a boost from Republic Bancorp’s previous quarterly dividend of $0.41. Republic Bancorp’s dividend payout ratio (DPR) is 30.80%.

Analysts Set New Price Targets

Separately, Hovde Group lowered shares of Republic Bancorp from an “outperform” rating to a “market perform” rating and increased their price target for the stock from $78.00 to $80.00 in a research note on Wednesday, November 13th.

Insider Buying and Selling at Republic Bancorp

In other news, Director Heather V. Howell sold 1,496 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $75.63, for a total transaction of $113,142.48. Following the completion of the transaction, the director now directly owns 7,491 shares of the company’s stock, valued at $566,544.33. This trade represents a 16.65 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 56.60% of the company’s stock.

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.