Republic Bancorp (RBCAA) Projected to Post Quarterly Earnings on Friday

Key Points

• Republic Bancorp is set to announce its quarterly earnings on October 17th, with analysts projecting earnings of $1.38 per share and revenue of $92.50 million.
• The company recently declared a quarterly dividend of $0.451 per share, which will be paid on October 17th, reflecting an annualized dividend yield of 2.6%.
• Insider trading activity has occurred, with significant sales of shares by executives, including EVP Juan Montano and EVP Christy Ames, indicating ongoing changes in ownership levels among management.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) will likely be issuing its results before the market opens on Friday, October 17th. Analysts expect the company to announce earnings of $1.38 per share and revenue of $92.50 million for the quarter.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last posted its quarterly earnings data on Friday, July 18th. The bank reported $1.61 EPS for the quarter, beating analysts' consensus estimates of $1.42 by $0.19. Republic Bancorp had a net margin of 23.98% and a return on equity of 12.23%. The company had revenue of $93.00 million during the quarter, compared to analyst estimates of $93.50 million.

Republic Bancorp Price Performance

RBCAA stock opened at $70.70 on Friday. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.35. Republic Bancorp has a one year low of $56.79 and a one year high of $80.68. The firm has a market capitalization of $1.38 billion, a PE ratio of 11.08 and a beta of 0.53. The firm has a 50-day moving average of $73.45 and a two-hundred day moving average of $70.82.

Republic Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 17th. Shareholders of record on Friday, September 19th will be paid a dividend of $0.451 per share. The ex-dividend date of this dividend is Friday, September 19th. This represents a $1.80 dividend on an annualized basis and a yield of 2.6%. Republic Bancorp's dividend payout ratio is currently 28.21%.

Insider Activity at Republic Bancorp

In related news, EVP Juan Montano sold 1,223 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $75.53, for a total transaction of $92,373.19. Following the transaction, the executive vice president directly owned 4,434 shares of the company's stock, valued at approximately $334,900.02. The trade was a 21.62% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christy Ames sold 400 shares of the stock in a transaction on Monday, September 15th. The stock was sold at an average price of $75.79, for a total value of $30,316.00. Following the sale, the executive vice president directly owned 4,738 shares in the company, valued at approximately $359,093.02. This trade represents a 7.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. 56.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Republic Bancorp

Several large investors have recently bought and sold shares of RBCAA. Raymond James Financial Inc. bought a new position in shares of Republic Bancorp during the second quarter worth about $121,000. BNP Paribas Financial Markets raised its position in shares of Republic Bancorp by 46.4% during the second quarter. BNP Paribas Financial Markets now owns 1,887 shares of the bank's stock worth $138,000 after acquiring an additional 598 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Republic Bancorp by 125.4% during the second quarter. Tower Research Capital LLC TRC now owns 2,279 shares of the bank's stock worth $167,000 after acquiring an additional 1,268 shares during the last quarter. Engineers Gate Manager LP bought a new position in shares of Republic Bancorp during the second quarter worth about $203,000. Finally, Sei Investments Co. raised its position in shares of Republic Bancorp by 15.5% during the second quarter. Sei Investments Co. now owns 3,444 shares of the bank's stock worth $252,000 after acquiring an additional 463 shares during the last quarter. 24.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

RBCAA has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Republic Bancorp in a research note on Wednesday. Raymond James Financial initiated coverage on shares of Republic Bancorp in a research note on Friday, June 27th. They set a "market perform" rating for the company. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $69.00.

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.

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