Republic Bancorp, Inc. (RBCAA) to Issue Quarterly Dividend of $0.50 on July 17th

Republic Bancorp, Inc. (NASDAQ:RBCAA) announced a quarterly dividend on Wednesday, May 20th. Investors of record on Thursday, June 18th will be given a dividend of 0.495 per share by the bank on Friday, July 17th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Thursday, June 18th.

Republic Bancorp has increased its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 27 years. Republic Bancorp has a payout ratio of 33.2% indicating that its dividend is sufficiently covered by earnings.

Republic Bancorp Stock Performance

RBCAA stock opened at $79.55 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.05 and a current ratio of 1.06. The stock has a market cap of $1.56 billion, a P/E ratio of 12.28 and a beta of 0.57. The firm has a 50 day simple moving average of $73.17 and a 200 day simple moving average of $71.23. Republic Bancorp has a 52 week low of $63.97 and a 52 week high of $79.80.

Republic Bancorp (NASDAQ:RBCAA) last posted its quarterly earnings results on Thursday, April 23rd. The bank reported $2.04 EPS for the quarter, topping the consensus estimate of $1.41 by $0.63. The business had revenue of $114.57 million during the quarter, compared to analysts’ expectations of $96.60 million. Republic Bancorp had a net margin of 25.22% and a return on equity of 11.32%.

Analyst Ratings Changes

Several analysts recently commented on RBCAA shares. Weiss Ratings restated a “buy (b)” rating on shares of Republic Bancorp in a report on Thursday, January 22nd. Wall Street Zen upgraded shares of Republic Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

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.