Republic Bancorp (NASDAQ:RBCAA) Posts Earnings Results, Misses Expectations By $0.22 EPS

Republic Bancorp (NASDAQ:RBCAA) announced its earnings results on Friday. The bank reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.20 by ($0.22), Zacks reports. Republic Bancorp had a net margin of 20.65% and a return on equity of 10.79%.

Republic Bancorp Price Performance

Shares of RBCAA opened at $66.65 on Friday. The company has a market capitalization of $1.30 billion, a P/E ratio of 12.67 and a beta of 0.56. Republic Bancorp has a twelve month low of $46.55 and a twelve month high of $80.68. The company has a quick ratio of 1.11, a current ratio of 1.12 and a debt-to-equity ratio of 0.38. The firm has a 50 day moving average of $72.44 and a 200 day moving average of $66.93.

Republic Bancorp Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 18th. Stockholders of record on Friday, March 21st will be paid a $0.451 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Friday, March 21st. This is an increase from Republic Bancorp’s previous quarterly dividend of $0.41. Republic Bancorp’s dividend payout ratio is currently 30.99%.

Analyst Ratings Changes

Separately, Hovde Group lowered Republic Bancorp from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $78.00 to $80.00 in a research report on Wednesday, November 13th.

Insider Activity

In other Republic Bancorp news, Director Heather V. Howell sold 1,496 shares of the stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $75.63, for a total value of $113,142.48. Following the transaction, the director now owns 7,491 shares of the company’s stock, valued at approximately $566,544.33. This represents a 16.65 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 55.50% of the stock is owned by corporate insiders.

About Republic Bancorp

Republic Bancorp, Inc operates as a bank holding company for Republic Bank & Trust Company that provides various banking products and services in the United States. It operates in six segments: Traditional Banking, Warehouse, Mortgage Banking, Tax Refund Solutions, Republic Payment Solutions, and Republic Credit Solutions.