Republic Bancorp, Inc. (RBCAA) to Issue Quarterly Dividend of $0.22 on October 20th
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.
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.
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