Republic Bancorp (RBCAA) to Release Earnings on Friday

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) is expected to issue its quarterly earnings data before the market opens on Friday, July 18th. Analysts expect the company to announce earnings of $1.45 per share and revenue of $93.50 million for the quarter.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last issued its earnings results on Thursday, April 24th. The bank reported $2.42 earnings per share for the quarter, topping analysts' consensus estimates of $1.86 by $0.56. The firm had revenue of $135.84 million during the quarter, compared to analysts' expectations of $126.90 million. Republic Bancorp had a net margin of 22.94% and a return on equity of 11.92%.

Republic Bancorp Price Performance

NASDAQ:RBCAA traded up $1.09 during trading hours on Monday, reaching $75.26. 44,032 shares of the company's stock were exchanged, compared to its average volume of 29,159. The company has a market capitalization of $1.47 billion, a P/E ratio of 12.40 and a beta of 0.52. Republic Bancorp has a 12 month low of $54.88 and a 12 month high of $80.68. The company has a quick ratio of 1.09, a current ratio of 1.10 and a debt-to-equity ratio of 0.36. The business's 50-day simple moving average is $71.72 and its two-hundred day simple moving average is $67.93.

Republic Bancorp Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Friday, June 20th will be paid a $0.451 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Friday, June 20th. Republic Bancorp's dividend payout ratio is 29.65%.

Insider Activity

In related news, EVP Christy Ames sold 700 shares of the firm's stock in a transaction on Monday, June 9th. The shares were sold at an average price of $70.50, for a total value of $49,350.00. Following the completion of the transaction, the executive vice president owned 5,044 shares of the company's stock, valued at approximately $355,602. This trade represents a 12.19% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 56.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Republic Bancorp

Several hedge funds have recently bought and sold shares of RBCAA. AQR Capital Management LLC raised its position in shares of Republic Bancorp by 199.8% in the first quarter. AQR Capital Management LLC now owns 11,649 shares of the bank's stock valued at $743,000 after buying an additional 7,764 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Republic Bancorp in the first quarter valued at approximately $716,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Republic Bancorp by 5.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,945 shares of the bank's stock valued at $316,000 after buying an additional 234 shares in the last quarter. 24.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on RBCAA. Hovde Group raised their price target on shares of Republic Bancorp from $64.00 to $69.00 and gave the company a "market perform" rating in a report on Friday, April 25th. Raymond James Financial assumed coverage on shares of Republic Bancorp in a research note on Friday, June 27th. They issued a "market perform" rating on the stock.

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.