Republic Bancorp (NASDAQ:RBCAA) Posts Earnings Results, Misses Expectations By $0.06 EPS

Key Points

• Republic Bancorp reported quarterly EPS of $1.59, missing the analyst consensus of $1.65 by $0.06, while revenue of $103.93 million exceeded expectations of $100.35 million.
• Shares fell $1.40 to $90.80 following the results. The bank reported a 25.38% net margin and 11.20% return on equity.
• Analysts maintain a generally cautious view, with one Buy and three Hold ratings; the consensus rating is Hold with a $98 price target.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) announced its quarterly earnings data on Friday. The bank reported $1.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.65 by ($0.06), FiscalAI reports. Republic Bancorp had a net margin of 25.38% and a return on equity of 11.20%. The firm had revenue of $103.93 million during the quarter, compared to the consensus estimate of $100.35 million.

Republic Bancorp Stock Performance

Shares of RBCAA stock traded down $1.40 on Friday, hitting $90.80. 45,384 shares of the stock were exchanged, compared to its average volume of 85,945. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $1.78 billion, a PE ratio of 13.86 and a beta of 0.55. Republic Bancorp has a one year low of $63.97 and a one year high of $102.22. The firm's 50 day moving average is $93.98 and its two-hundred day moving average is $87.98.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Zacks Research upgraded shares of Republic Bancorp to a "hold" rating in a report on Monday, July 13th. Weiss Ratings raised shares of Republic Bancorp from a "buy (b)" rating to a "buy (b+)" rating in a research note on Friday, October 16th. Raymond James Financial started coverage on Republic Bancorp in a research report on Wednesday, September 2nd. They issued a "hold" rating for the company. Finally, Hovde Group increased their target price on Republic Bancorp from $80.00 to $98.00 and gave the stock a "market perform" rating in a report on Monday, July 27th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Republic Bancorp presently has an average rating of "Hold" and a consensus target price of $98.00.

About Republic Bancorp

Republic Bancorp, Inc is a Louisville, Kentucky-based bank holding company whose principal subsidiary is Republic Bank & Trust Company. The company provides consumer and commercial banking services to individuals, businesses, professionals and institutions.

Republic Bank offers deposit accounts, checking and savings products, consumer and commercial loans, mortgages, treasury management, private banking, wealth management and investment services. Through its Republic Processing Group, the company also provides financial services and processing solutions for tax professionals, including tax refund-related products and services.

Founded in 1974, Republic Bancorp serves customers through banking operations primarily in Kentucky and selected markets in the surrounding region, including Indiana, Ohio, Tennessee and Florida.

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