Republic Bancorp (RBCAA) Expected to Announce Earnings on Friday

Republic Bancorp (NASDAQ:RBCAA) is projected to announce its earnings results 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 Trading Down 1.8 %

Shares of RBCAA opened at $67.91 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.11 and a current ratio of 1.12. Republic Bancorp has a 52-week low of $46.55 and a 52-week high of $80.68. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 12.91 and a beta of 0.56. The business’s fifty day moving average is $72.61 and its 200-day moving average is $66.92.

Republic Bancorp Increases Dividend

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

Analyst Upgrades and Downgrades

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

Insider Activity at Republic Bancorp

In other news, Director Heather V. Howell sold 1,496 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $75.63, for a total value of $113,142.48. Following the transaction, the director now directly owns 7,491 shares of the company’s stock, valued at $566,544.33. The trade was a 16.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 56.60% of the stock is currently owned by company insiders.

About Republic Bancorp

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.