Republic Bancorp (NASDAQ:RBCAA) Announces Earnings Results

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.

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

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.