Republic Bancorp, Inc. (NASDAQ:RBCAA) announced a quarterly dividend on Thursday, July 20th, Wall Street Journal reports. Investors of record on Friday, September 15th will be paid a dividend of 0.22 per share by the bank on Friday, October 20th. This represents a $0.88 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Thursday, September 14th.

Shares of Republic Bancorp (NASDAQ:RBCAA) opened at 35.69 on Wednesday. The company has a market cap of $744.42 million, a price-to-earnings ratio of 15.00 and a beta of 0.49. Republic Bancorp has a 52-week low of $28.56 and a 52-week high of $40.74. The firm has a 50 day moving average price of $34.95 and a 200-day moving average price of $34.97.

Republic Bancorp (NASDAQ:RBCAA) last posted its earnings results on Friday, July 21st. The bank reported $0.48 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.48. The company had revenue of $56.06 million for the quarter. Republic Bancorp had a return on equity of 8.14% and a net margin of 19.33%. Equities research analysts anticipate that Republic Bancorp will post $2.34 earnings per share for the current year.

In other news, EVP Steven E. Deweese sold 1,115 shares of the business’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $35.49, for a total transaction of $39,571.35. Following the completion of the sale, the executive vice president now owns 41,630 shares of the company’s stock, valued at approximately $1,477,448.70. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Steven E. Deweese sold 1,000 shares of the business’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $34.50, for a total transaction of $34,500.00. Following the sale, the executive vice president now directly owns 42,230 shares of the company’s stock, valued at approximately $1,456,935. The disclosure for this sale can be found here. 52.30% of the stock is currently owned by insiders.

RBCAA has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Republic Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. BidaskClub lowered shares of Republic Bancorp from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th.

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Republic Bancorp Company Profile

Republic Bancorp, Inc 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. The Company operates through four segments: Traditional Banking, which provides traditional banking products to customers; Warehouse Lending (Warehouse), which provides short-term, revolving credit facilities to mortgage bankers across the United States through mortgage warehouse lines of credit; 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.

Dividend History for Republic Bancorp (NASDAQ:RBCAA)

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