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

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

Republic Bancorp Stock Performance

NASDAQ:RBCAA opened at $66.99 on Friday. The stock has a 50-day moving average price of $72.10 and a 200 day moving average price of $67.05. The company has a current ratio of 1.12, a quick ratio of 1.11 and a debt-to-equity ratio of 0.38. Republic Bancorp has a 12-month low of $46.55 and a 12-month high of $80.68. The stock has a market capitalization of $1.30 billion, a P/E ratio of 12.74 and a beta of 0.56.

Republic Bancorp Increases Dividend

The firm also recently disclosed 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 is a positive change from Republic Bancorp’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Friday, March 21st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.69%. Republic Bancorp’s dividend payout ratio is 30.99%.

Insiders Place Their Bets

In other news, Director Heather V. Howell sold 1,496 shares of Republic Bancorp 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 sale, the director now directly owns 7,491 shares of the company’s stock, valued at approximately $566,544.33. The trade was a 16.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 55.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Hovde Group downgraded shares of Republic Bancorp from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $78.00 to $80.00 in a research report on Wednesday, November 13th.

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.