Republic Bancorp (RBCAA) to Release Quarterly Earnings on Friday

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) is expected to post its quarterly earnings results before the market opens on Friday, July 18th. Analysts expect Republic Bancorp to post 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. Republic Bancorp had a return on equity of 11.92% and a net margin of 22.94%. The company had revenue of $135.84 million for the quarter, compared to analyst estimates of $126.90 million.

Republic Bancorp Stock Down 1.5%

Shares of NASDAQ:RBCAA traded down $1.15 during trading on Friday, reaching $74.17. 89,537 shares of the stock were exchanged, compared to its average volume of 29,099. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.10 and a quick ratio of 1.09. Republic Bancorp has a 1-year low of $54.88 and a 1-year high of $80.68. The stock has a fifty day moving average of $71.62 and a two-hundred day moving average of $67.89. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 12.22 and a beta of 0.52.

Republic Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Investors of record on Friday, June 20th will be issued a dividend of $0.451 per share. The ex-dividend date is Friday, June 20th. This represents a $1.80 annualized dividend and a yield of 2.43%. Republic Bancorp's dividend payout ratio (DPR) is currently 29.65%.

Insider Transactions at Republic Bancorp

In other Republic Bancorp news, EVP Christy Ames sold 700 shares of the firm's stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $70.50, for a total value of $49,350.00. Following the sale, the executive vice president owned 5,044 shares of the company's stock, valued at $355,602. This trade represents a 12.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 56.40% of the company's stock.

Hedge Funds Weigh In On Republic Bancorp

A number of large investors have recently modified their holdings of RBCAA. AQR Capital Management LLC grew its position in Republic Bancorp by 199.8% during the 1st quarter. AQR Capital Management LLC now owns 11,649 shares of the bank's stock worth $743,000 after acquiring an additional 7,764 shares during the last quarter. Jane Street Group LLC bought a new position in Republic Bancorp during the 1st quarter worth approximately $716,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Republic Bancorp by 5.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 4,945 shares of the bank's stock worth $316,000 after acquiring an additional 234 shares during the last quarter. 24.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on RBCAA. Raymond James Financial began coverage on Republic Bancorp in a research note on Friday, June 27th. They issued a "market perform" rating for the company. Hovde Group upped their price objective on Republic Bancorp from $64.00 to $69.00 and gave the company a "market perform" rating in a research note on Friday, April 25th.

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.