Republic Bancorp (RBCAA) Projected to Release Earnings on Friday

Key Points

• Republic Bancorp is expected to report earnings before the market opens Friday, October 16. Analysts project quarterly earnings of $1.65 per share on revenue of $100.35 million.
• The bank exceeded expectations in its previous quarter, reporting $1.68 EPS and $101.27 million in revenue versus estimates of $1.55 EPS and $97.60 million in revenue.
• Republic Bancorp declared a quarterly dividend of $0.495 per share, equal to a $1.98 annualized payout and a 2.1% yield. Analysts maintain a consensus “Hold” rating with an average price target of $98.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) is expected to be announcing its results before the market opens on Friday, October 16th. Analysts expect the company to announce earnings of $1.65 per share and revenue of $100.35 million for the quarter.

Republic Bancorp (NASDAQ:RBCAA - Get Free Report) last released its earnings results on Friday, July 24th. The bank reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.55 by $0.13. The company had revenue of $101.27 million for the quarter, compared to analysts' expectations of $97.60 million. Republic Bancorp had a return on equity of 11.20% and a net margin of 25.38%. On average, analysts expect Republic Bancorp to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Republic Bancorp Stock Performance

Shares of RBCAA stock opened at $92.35 on Friday. 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 stock has a 50 day simple moving average of $95.49 and a 200-day simple moving average of $86.48. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 14.10 and a beta of 0.55. Republic Bancorp has a 12-month low of $63.97 and a 12-month high of $102.22.

Republic Bancorp Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 16th. Shareholders of record on Friday, September 18th will be given a $0.4950 dividend. The ex-dividend date is Friday, September 18th. This represents a $1.98 annualized dividend and a yield of 2.1%. Republic Bancorp's dividend payout ratio is presently 30.23%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on RBCAA shares. Hovde Group raised their target price on Republic Bancorp from $80.00 to $98.00 and gave the company a "market perform" rating in a report on Monday, July 27th. Zacks Research raised shares of Republic Bancorp to a "hold" rating in a research note on Monday, July 13th. Raymond James Financial started coverage on shares of Republic Bancorp in a research note on Wednesday, September 2nd. They issued a "hold" rating for the company. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Republic Bancorp in a report on Friday, September 4th. One investment analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Republic Bancorp has a consensus rating of "Hold" and an average price target of $98.00.

Republic Bancorp Company Profile

Republic Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky. Its principal subsidiary, Republic Bank & Trust Company, provides banking and financial services to individuals, businesses, and institutions through banking centers and digital channels.

The company offers personal and commercial deposit accounts, consumer and business loans, mortgage lending, cash-management services, online and mobile banking, and wealth-management and trust services. Its banking operations serve customers in Kentucky, Florida, Indiana, Ohio, and Tennessee.

Republic Bancorp also operates Republic Processing Group, which provides tax-related financial services and payment-processing solutions, including tax refund processing and prepaid products.

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