Republic Bancorp (RBCAA) Projected to Release Quarterly Earnings on Friday

Republic Bancorp (NASDAQ:RBCAA) is expected to be issuing its results before the market opens on Friday, October 16th. Analysts expect Republic Bancorp to announce earnings of $1.65 per share and revenue of $100.35 million for the quarter.

Republic Bancorp (NASDAQ:RBCAA) last announced its quarterly earnings data on Friday, July 24th. The bank reported $1.68 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.13. Republic Bancorp had a net margin of 25.38% and a return on equity of 11.20%. The business had revenue of $101.27 million for the quarter, compared to analyst estimates of $97.60 million. On average, analysts expect Republic Bancorp to post $6.65 EPS for the current fiscal year and $6.76 EPS for the next fiscal year.

Republic Bancorp Price Performance

Shares of RBCAA stock opened at $90.81 on Thursday. The firm’s 50 day moving average price is $94.80 and its two-hundred day moving average price is $87.10. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.01 and a current ratio of 1.02. Republic Bancorp has a 52-week low of $63.97 and a 52-week high of $102.22. The stock has a market cap of $1.78 billion, a PE ratio of 14.22 and a beta of 0.55.

Analysts Set New Price Targets

RBCAA has been the topic of a number of analyst reports. Raymond James Financial initiated coverage on Republic Bancorp in a research note on Wednesday, September 2nd. They issued a “hold” rating on the stock. Zacks Research upgraded Republic Bancorp to a “hold” rating in a research report on Monday, July 13th. Hovde Group lifted their price objective on Republic Bancorp from $80.00 to $98.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Republic Bancorp in a research note on Friday, September 4th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $98.00.

About Republic Bancorp

Republic Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky. Its principal subsidiary, Republic Bank & Trust Company, provides banking and financial services to individuals, businesses, and institutions through banking centers and digital channels.

The company offers personal and commercial deposit accounts, consumer and business loans, mortgage lending, cash-management services, online and mobile banking, and wealth-management and trust services. Its banking operations serve customers in Kentucky, Florida, Indiana, Ohio, and Tennessee.

Republic Bancorp also operates Republic Processing Group, which provides tax-related financial services and payment-processing solutions, including tax refund processing and prepaid products.