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Republic Bancorp (NASDAQ:RBCAA) Announces Earnings Results

Republic Bancorp logo with Finance background

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) announced its quarterly earnings results on Friday. The bank reported $1.37 earnings per share for the quarter, topping analysts' consensus estimates of $1.21 by $0.16, Zacks reports. The firm 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 Price Performance

NASDAQ:RBCAA traded down $2.16 during trading hours on Monday, reaching $66.94. 18,099 shares of the company were exchanged, compared to its average volume of 17,453. The company has a market capitalization of $1.82 billion, a P/E ratio of 14.06 and a beta of 0.52. Republic Bancorp has a 1-year low of $42.51 and a 1-year high of $70.00. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.09 and a quick ratio of 1.09. The business has a 50 day moving average of $63.34 and a 200 day moving average of $57.17.

Wall Street Analysts Forecast Growth

Separately, Hovde Group boosted their price target on Republic Bancorp from $68.00 to $78.00 and gave the stock an "outperform" rating in a research report on Friday.

View Our Latest Analysis on Republic Bancorp

Insider Buying and Selling

In other Republic Bancorp news, EVP Christy Ames sold 1,715 shares of the company's stock in a transaction on Friday, August 30th. The stock was sold at an average price of $63.72, for a total transaction of $109,279.80. Following the completion of the sale, the executive vice president now directly owns 4,240 shares in the company, valued at $270,172.80. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Republic Bancorp news, EVP Juan Montano sold 2,750 shares of the company's stock in a transaction on Wednesday, August 28th. The stock was sold at an average price of $63.37, for a total transaction of $174,267.50. Following the completion of the sale, the executive vice president now directly owns 8,558 shares in the company, valued at $542,320.46. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christy Ames sold 1,715 shares of the company's stock in a transaction on Friday, August 30th. The stock was sold at an average price of $63.72, for a total value of $109,279.80. Following the sale, the executive vice president now owns 4,240 shares of the company's stock, valued at $270,172.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,078 shares of company stock valued at $1,170,715 over the last 90 days. 55.50% of the stock is owned by corporate insiders.

Republic Bancorp Company Profile

(Get Free Report)

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.

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Earnings History for Republic Bancorp (NASDAQ:RBCAA)

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