Republic Bancorp, Inc. (NASDAQ:RBCAA) Plans Quarterly Dividend of $0.49

Republic Bancorp, Inc. (NASDAQ:RBCAA) announced a quarterly dividend on Wednesday, July 15th. Shareholders of record on Friday, September 18th will be given a dividend of 0.495 per share by the bank on Friday, October 16th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date is Friday, September 18th.

Republic Bancorp has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 27 consecutive years. Republic Bancorp has a dividend payout ratio of 33.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Republic Bancorp to earn $6.62 per share next year, which means the company should continue to be able to cover its $1.98 annual dividend with an expected future payout ratio of 29.9%.

Republic Bancorp Price Performance

Shares of NASDAQ:RBCAA traded up $3.40 on Thursday, hitting $92.73. The stock had a trading volume of 38,556 shares, compared to its average volume of 74,991. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 14.30 and a beta of 0.56. The firm’s 50 day moving average price is $84.08 and its 200-day moving average price is $75.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.05 and a current ratio of 1.06. Republic Bancorp has a twelve month low of $63.97 and a twelve month high of $93.54.

Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings results on Thursday, April 23rd. The bank reported $2.04 EPS for the quarter, topping analysts’ consensus estimates of $1.41 by $0.63. Republic Bancorp had a return on equity of 11.32% and a net margin of 25.22%.The business had revenue of $114.57 million for the quarter, compared to analyst estimates of $96.60 million. On average, equities research analysts predict that Republic Bancorp will post 6.65 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on RBCAA. Weiss Ratings restated a “buy (b)” rating on shares of Republic Bancorp in a research report on Tuesday, June 9th. Zacks Research upgraded Republic Bancorp to a “hold” rating in a report on Monday. Finally, Wall Street Zen raised shares of Republic Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

About Republic Bancorp

Republic Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, that operates through its principal subsidiary, Republic Bank & Trust Company. The company provides a full suite of commercial and retail banking services tailored to individuals, small businesses and middle‐market clients. Core offerings include deposit accounts, consumer and commercial lending, treasury and cash-management services, mortgage financing, SBA lending and wealth management solutions. Republic Bancorp also supports specialized financing needs through equipment leasing and small business advisory services.

Republic Bancorp’s branch network spans key markets in the U.S.