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

Key Points

• Republic Bancorp will report quarterly results before the market opens on Thursday, April 23, with analysts expecting EPS of $1.41 and revenue of $96.60 million; the company missed EPS estimates last quarter ($1.17 vs. $1.30 consensus).
• Dividend raised: the board increased the quarterly dividend to $0.495 (annualized $1.98) for a yield of about 2.7%, up from the prior $0.45 payment (record date March 20, payment April 17).
• The stock trades around $73.44 with a market cap of $1.44 billion and a P/E of 10.93, while Wall Street’s consensus rating is a “Hold” with a $69.00 price target.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) is expected to announce its results before the market opens on Thursday, April 23rd. Analysts expect the company to announce earnings of $1.41 per share and revenue of $96.60 million for the quarter.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last announced its earnings results on Friday, January 30th. The bank reported $1.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.30 by ($0.13). The firm had revenue of $94.27 million during the quarter, compared to analyst estimates of $92.50 million. Republic Bancorp had a net margin of 25.19% and a return on equity of 12.27%.

Republic Bancorp Trading Down 1.3%

RBCAA opened at $73.44 on Thursday. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 10.93 and a beta of 0.55. Republic Bancorp has a 52 week low of $61.62 and a 52 week high of $78.25. The business's 50 day moving average is $70.83 and its two-hundred day moving average is $70.20. The company has a quick ratio of 1.05, a current ratio of 1.08 and a debt-to-equity ratio of 0.46.

Republic Bancorp Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 17th. Stockholders of record on Friday, March 20th will be issued a $0.495 dividend. This represents a $1.98 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Friday, March 20th. This is a positive change from Republic Bancorp's previous quarterly dividend of $0.45. Republic Bancorp's dividend payout ratio is presently 29.46%.

Hedge Funds Weigh In On Republic Bancorp

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company raised its stake in shares of Republic Bancorp by 3.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 5,072 shares of the bank's stock worth $371,000 after buying an additional 187 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake 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. Quarry LP acquired a new position in Republic Bancorp during the third quarter worth $27,000. Cerity Partners LLC grew its holdings in Republic Bancorp by 1.8% during the second quarter. Cerity Partners LLC now owns 21,511 shares of the bank's stock worth $1,573,000 after acquiring an additional 389 shares during the period. Finally, Price T Rowe Associates Inc. MD raised its position in Republic Bancorp by 9.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,806 shares of the bank's stock worth $332,000 after acquiring an additional 411 shares in the last quarter. Institutional investors and hedge funds own 24.37% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently commented on RBCAA shares. Wall Street Zen downgraded shares of Republic Bancorp from a "hold" rating to a "sell" rating in a research report on Saturday, March 14th. Weiss Ratings reissued a "buy (b)" rating on shares of Republic Bancorp in a research report on Thursday, January 22nd. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $69.00.

Republic Bancorp Company Profile

Republic Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, that operates through its principal subsidiary, Republic Bank & Trust Company. The company provides a full suite of commercial and retail banking services tailored to individuals, small businesses and middle‐market clients. Core offerings include deposit accounts, consumer and commercial lending, treasury and cash-management services, mortgage financing, SBA lending and wealth management solutions. Republic Bancorp also supports specialized financing needs through equipment leasing and small business advisory services.

Republic Bancorp's branch network spans key markets in the U.S.

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