Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Republic Bancorp (RBCAA) Stock Price
News coverage about Republic Bancorp (NASDAQ:RBCAA) has trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm identifies positive and negative news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Republic Bancorp earned a coverage optimism score of 0.12 on Accern’s scale. Accern also gave news stories about the bank an impact score of 46.3181950637762 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment’s scoring:
- Republic Bancorp, Inc. (RBCAA) Upgraded to “Buy” at Zacks Investment Research (americanbankingnews.com)
- Republic Bancorp, Inc. (RBCAA) Downgraded by Zacks Investment Research to Hold (americanbankingnews.com)
- Acadian Asset Management Sold 168587 Company Stocks In US Bancorp (vothemes.com)
- Republic Bancorp, Inc. (Kentucky) breached its 50 day moving average in a Bullish Manner : RBCAA-US : September 12, 2017 (finance.yahoo.com)
- Banco Bilbao Vizcaya Argentaria SA (BBVA) vs. Republic Bancorp (RBCAA) Critical Comparison (americanbankingnews.com)
Several research analysts have recently commented on the company. Zacks Investment Research upgraded Republic Bancorp from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Saturday. BidaskClub lowered Republic Bancorp from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 8th.
Republic Bancorp (NASDAQ RBCAA) opened at 35.60 on Monday. The stock’s 50 day moving average price is $34.95 and its 200 day moving average price is $34.98. Republic Bancorp has a 12-month low of $28.56 and a 12-month high of $40.74. The stock has a market cap of $742.54 million, a price-to-earnings ratio of 14.96 and a beta of 0.49.
Republic Bancorp (NASDAQ:RBCAA) last posted its quarterly earnings data on Friday, July 21st. The bank reported $0.48 EPS for the quarter, meeting analysts’ consensus estimates of $0.48. The business 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%. Analysts forecast that Republic Bancorp will post $2.34 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 15th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date is Thursday, September 14th. Republic Bancorp’s payout ratio is currently 36.82%.
In related news, EVP Steven E. Deweese sold 1,115 shares of the stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $35.49, for a total transaction of $39,571.35. Following the transaction, the executive vice president now directly owns 41,630 shares in the company, valued at $1,477,448.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Steven E. Deweese sold 1,000 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $34.50, for a total value of $34,500.00. Following the transaction, the executive vice president now owns 42,230 shares in the company, valued at $1,456,935. The disclosure for this sale can be found here. 52.30% of the stock is owned by company insiders.
About Republic Bancorp
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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