Republic Bancorp (NASDAQ:RBCAA) Releases Quarterly Earnings Results, Beats Expectations By $0.16 EPS

Republic Bancorp (NASDAQ:RBCAA) released its quarterly earnings data on Friday. The bank reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.21 by $0.16, Zacks reports. The business had revenue of $118.36 million for the quarter. Republic Bancorp had a return on equity of 10.50% and a net margin of 20.41%.

Republic Bancorp Trading Up 2.0 %

Shares of RBCAA stock opened at $69.10 on Monday. The company has a market capitalization of $1.87 billion, a P/E ratio of 14.52 and a beta of 0.52. Republic Bancorp has a 12-month low of $42.51 and a 12-month high of $70.00. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.39. The firm has a 50-day moving average price of $63.12 and a 200 day moving average price of $57.05.

Analyst Ratings Changes

Separately, Hovde Group boosted their price target on shares of Republic Bancorp from $68.00 to $78.00 and gave the company an “outperform” rating in a report on Friday.

Insider Transactions at Republic Bancorp

In related news, EVP Juan Montano sold 2,750 shares of Republic Bancorp stock in a transaction dated Wednesday, August 28th. The stock was sold at an average price of $63.37, for a total value of $174,267.50. Following the completion of the transaction, the executive vice president now directly owns 8,558 shares of the company’s stock, valued at $542,320.46. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Republic Bancorp news, EVP Pedro A. Bryant sold 2,500 shares of the stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $65.61, for a total value of $164,025.00. Following the transaction, the executive vice president now directly owns 1,425 shares in the company, valued at approximately $93,494.25. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Juan Montano sold 2,750 shares of the business’s stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $63.37, for a total value of $174,267.50. Following the sale, the executive vice president now owns 8,558 shares of the company’s stock, valued at approximately $542,320.46. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 18,078 shares of company stock valued at $1,170,715 in the last three months. 55.50% of the stock is owned by corporate insiders.

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.