Republic Bancorp, Inc. Announces Quarterly Dividend of $0.22 (RBCAA)
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.
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