Republic Bancorp Inc. (RBCAA) Set to Announce Earnings on Friday
Republic Bancorp Inc. (NASDAQ:RBCAA) is scheduled to post its quarterly earnings results on Friday, October 14th. Analysts expect Republic Bancorp to post earnings of $0.38 per share for the quarter.
Republic Bancorp (NASDAQ:RBCAA) last posted its quarterly earnings data on Friday, July 22nd. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.04. Republic Bancorp had a return on equity of 6.70% and a net margin of 18.78%. On average, analysts expect Republic Bancorp to post $2.04 EPS for the current fiscal year and $2.34 EPS for the next fiscal year.
Shares of Republic Bancorp Inc. (NASDAQ:RBCAA) opened at 30.82 on Thursday. The firm’s 50-day moving average price is $31.19 and its 200 day moving average price is $28.74. The stock has a market capitalization of $642.97 million, a P/E ratio of 16.51 and a beta of 0.72. Republic Bancorp Inc. has a 12-month low of $23.00 and a 12-month high of $33.26.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, September 16th will be paid a $0.209 dividend. The ex-dividend date of this dividend is Wednesday, September 14th. This represents a $0.84 dividend on an annualized basis and a yield of 2.71%. Republic Bancorp’s dividend payout ratio (DPR) is currently 44.68%.
A number of hedge funds have recently made changes to their positions in RBCAA. Parametric Portfolio Associates LLC increased its stake in shares of Republic Bancorp by 0.5% in the second quarter. Parametric Portfolio Associates LLC now owns 51,930 shares of the company’s stock valued at $1,435,000 after buying an additional 258 shares during the last quarter. Prudential Financial Inc. increased its stake in shares of Republic Bancorp by 3.1% in the second quarter. Prudential Financial Inc. now owns 23,187 shares of the company’s stock valued at $641,000 after buying an additional 700 shares during the last quarter. Teachers Advisors Inc. increased its stake in shares of Republic Bancorp by 6.0% in the second quarter. Teachers Advisors Inc. now owns 17,952 shares of the company’s stock valued at $496,000 after buying an additional 1,022 shares during the last quarter. BlackRock Advisors LLC increased its stake in shares of Republic Bancorp by 20.5% in the second quarter. BlackRock Advisors LLC now owns 7,970 shares of the company’s stock valued at $220,000 after buying an additional 1,354 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its stake in shares of Republic Bancorp by 80.6% in the second quarter. Panagora Asset Management Inc. now owns 4,345 shares of the company’s stock valued at $120,000 after buying an additional 1,939 shares during the last quarter. Hedge funds and other institutional investors own 24.31% of the company’s stock.
Separately, Zacks Investment Research upgraded Republic Bancorp from a “hold” rating to a “strong-buy” rating and set a $36.00 price target for the company in a research note on Tuesday, August 16th.
Republic Bancorp Company Profile
Republic Bancorp, Inc (Republic) is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc (the Captive). The Bank is a Kentucky-based, state chartered non-member financial institution. The Captive is an insurance subsidiary of the Company. It operates in four segments: Traditional Banking, which provides traditional banking products primarily to customers; Warehouse Lending (Warehouse), which provides short-term, revolving credit facilities to mortgage bankers across the Nation; Mortgage Banking, which originates, sells and services long-term, single family, first lien residential real estate loans, and Republic Processing Group (RPG), which facilitates the receipt and payment of federal and state tax refund products.
Receive News & Stock Ratings for Republic Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic Bancorp Inc. and related stocks with our FREE daily email newsletter.