Republic Bancorp (RBCAA) Expected to Post Earnings on Friday

Republic Bancorp (NASDAQ:RBCAA) is expected to release its results before the market opens on Friday, July 17th. Analysts expect Republic Bancorp 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 data on Thursday, April 23rd. The bank reported $2.04 earnings per share for the quarter, beating the consensus estimate of $1.41 by $0.63. Republic Bancorp had a return on equity of 11.32% and a net margin of 25.22%.The company had revenue of $114.57 million for the quarter, compared to analyst estimates 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

Republic Bancorp stock opened at $89.34 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.06 and a quick ratio of 1.05. The stock has a fifty day moving average price of $84.08 and a two-hundred day moving average price of $75.91. Republic Bancorp has a 52-week low of $63.97 and a 52-week high of $93.54. The firm has a market capitalization of $1.75 billion, a P/E ratio of 13.79 and a beta of 0.56.

Republic Bancorp Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 17th. Stockholders of record on Thursday, June 18th will be issued a dividend of $0.495 per share. This represents a $1.98 annualized dividend and a dividend yield of 2.2%. The ex-dividend date is Thursday, June 18th. Republic Bancorp’s dividend payout ratio is presently 30.56%.

Wall Street Analyst Weigh In

Several research firms have recently commented on RBCAA. Wall Street Zen raised shares of Republic Bancorp from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Zacks Research raised Republic Bancorp to a “hold” rating in a research note on Monday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Republic Bancorp in a report on Tuesday, June 9th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy”.

Insider Activity

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

Institutional Trading of Republic Bancorp

Several institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC increased its stake in shares of Republic Bancorp by 199.8% during the first quarter. AQR Capital Management LLC now owns 11,649 shares of the bank’s stock worth $743,000 after purchasing an additional 7,764 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Republic Bancorp by 5.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,945 shares of the bank’s stock valued at $316,000 after buying an additional 234 shares in the last quarter. Jane Street Group LLC bought a new position in Republic Bancorp during the 1st quarter worth $716,000. Rhumbline Advisers increased its position in Republic Bancorp by 3.9% during the second quarter. Rhumbline Advisers now owns 14,120 shares of the bank’s stock worth $1,032,000 after acquiring an additional 527 shares during the period. Finally, Norges Bank acquired a new stake in Republic Bancorp in the 2nd quarter worth about $578,000. Institutional investors own 24.37% of the company’s stock.

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.