Republic Bancorp (RBCAA) Expected to Announce Quarterly Earnings on Wednesday

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) is anticipated to announce its earnings results before the market opens on Wednesday, April 23rd. Analysts expect the company to announce earnings of $1.86 per share and revenue of $126.90 million for the quarter.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last issued its quarterly earnings results on Friday, January 24th. The bank reported $0.98 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.20 by ($0.22). Republic Bancorp had a return on equity of 10.60% and a net margin of 20.05%.

Republic Bancorp Stock Performance

NASDAQ:RBCAA traded up $1.54 during mid-day trading on Friday, reaching $64.09. The stock had a trading volume of 37,359 shares, compared to its average volume of 20,799. Republic Bancorp has a twelve month low of $48.10 and a twelve month high of $80.68. The business has a 50 day simple moving average of $64.54 and a 200 day simple moving average of $68.35. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of 12.25 and a beta of 0.46. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 18th. Investors of record on Friday, March 21st were paid a $0.451 dividend. The ex-dividend date of this dividend was Friday, March 21st. This is an increase from Republic Bancorp's previous quarterly dividend of $0.41. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.81%. Republic Bancorp's payout ratio is 34.42%.

Analysts Set New Price Targets

Separately, Hovde Group reduced their target price on Republic Bancorp from $72.00 to $70.00 and set a "market perform" rating for the company in a report on Monday, January 27th.

Insiders Place Their Bets

In related news, EVP John T. Rippy sold 3,082 shares of the stock in a transaction dated Thursday, January 30th. The shares were sold at an average price of $65.99, for a total value of $203,381.18. Following the sale, the executive vice president now directly owns 23,105 shares of the company's stock, valued at approximately $1,524,698.95. This represents a 11.77 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David P. Feaster sold 1,406 shares of the firm's stock in a transaction dated Wednesday, January 29th. The shares were sold at an average price of $66.42, for a total transaction of $93,386.52. Following the transaction, the director now owns 4,303 shares of the company's stock, valued at $285,805.26. This trade represents a 24.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 56.40% 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.