Republic Bancorp, Inc. (NASDAQ:RBCAA) announced a quarterly dividend on Thursday, November 16th, Wall Street Journal reports. Investors of record on Friday, December 15th will be paid a dividend of 0.22 per share by the bank on Friday, January 19th. This represents a $0.88 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Thursday, December 14th.

Shares of Republic Bancorp (NASDAQ:RBCAA) traded up $0.49 during trading on Thursday, reaching $39.19. The company had a trading volume of 16,753 shares, compared to its average volume of 18,748. The firm has a market cap of $804.40, a P/E ratio of 15.87 and a beta of 0.51. Republic Bancorp has a twelve month low of $31.97 and a twelve month high of $44.04. The company has a debt-to-equity ratio of 1.26, a current ratio of 1.21 and a quick ratio of 1.30.

Republic Bancorp (NASDAQ:RBCAA) last issued its quarterly earnings data on Friday, October 20th. The bank reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.05. The business had revenue of $58.68 million for the quarter. Republic Bancorp had a return on equity of 6.82% and a net margin of 18.24%. equities research analysts predict that Republic Bancorp will post 2.33 EPS for the current fiscal year.

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In other news, EVP Steven E. Deweese sold 1,115 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $35.49, for a total value of $39,571.35. Following the completion of the transaction, the executive vice president now owns 41,630 shares in the company, valued at approximately $1,477,448.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven E. Deweese sold 7,000 shares of the firm’s stock in a transaction dated Wednesday, October 25th. The shares were sold at an average price of $41.00, for a total value of $287,000.00. Following the completion of the transaction, the executive vice president now owns 34,115 shares of the company’s stock, valued at approximately $1,398,715. The disclosure for this sale can be found here. Insiders sold a total of 9,115 shares of company stock worth $361,071 in the last three months. Company insiders own 52.30% of the company’s stock.

Several research firms have issued reports on RBCAA. Zacks Investment Research downgraded Republic Bancorp from a “buy” rating to a “hold” rating in a research note on Friday, September 15th. BidaskClub downgraded Republic Bancorp from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. Finally, Hovde Group downgraded Republic Bancorp from an “outperform” rating to a “market perform” rating and lifted their price target for the company from $39.00 to $41.00 in a research note on Wednesday, October 4th.

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.

Dividend History for Republic Bancorp (NASDAQ:RBCAA)

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