Republic Bancorp, Inc., a financial holding company, provides various banking products and services in the United States. It operates in five segments: Traditional Banking, Warehouse, Mortgage Banking, Tax Refund Solutions, and Republic Credit Solutions. The company accepts demand, money market accounts, savings, individual retirement accounts, time, brokered, and other certificates of deposit. Its loan products include residential real estate, commercial real estate, construction and land development, home improvement and home equity, secured and unsecured personal, and aircraft loans. The company also offers credit cards; title insurance and other financial products and services; and memory banking, private banking, lockbox processing, remote deposit capture, business online banking, account reconciliation, automated clearing house processing, and internet and mobile banking services. In addition, it provides short-term and revolving credit facilities to mortgage bankers; tax refund solutions, which facilitate the receipt and payment of federal and state tax refund products through third-party tax preparers and tax-preparation software providers; and general purpose reloadable prepaid cards through third party service providers. Further, the company offers consumer credit products; and property and casualty insurance products. As of January 28, 2022, it operated 42 full-service banking centers. Republic Bancorp, Inc. was incorporated in 1974 and is headquartered in Louisville, Kentucky.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on RBCAA shares. StockNews.com downgraded shares of Republic Bancorp from a "buy" rating to a "hold" rating in a report on Monday, May 23rd. Piper Sandler downgraded shares of Republic Bancorp from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $53.50 to $50.00 in a report on Monday, July 25th.
Republic Bancorp Price Performance
NASDAQ:RBCAA opened at $45.11 on Friday. Republic Bancorp has a 12-month low of $41.41 and a 12-month high of $57.62. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.02. The firm's 50 day moving average is $46.84 and its 200-day moving average is $45.91. The company has a market capitalization of $902.15 million, a PE ratio of 10.18 and a beta of 0.50.
Republic Bancorp (NASDAQ:RBCAA - Get Rating) last released its earnings results on Friday, July 22nd. The bank reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.28. Republic Bancorp had a net margin of 27.95% and a return on equity of 10.38%. The business had revenue of $81.80 million during the quarter, compared to analysts' expectations of $72.20 million. Equities research analysts anticipate that Republic Bancorp will post 4.02 earnings per share for the current fiscal year.
Republic Bancorp Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, September 16th will be paid a $0.341 dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a $1.36 annualized dividend and a dividend yield of 3.02%. Republic Bancorp's dividend payout ratio is presently 30.70%.