Republic Bancorp (NASDAQ:RBCAA) Releases Earnings Results, Beats Estimates By $0.18 EPS

Republic Bancorp (NASDAQ:RBCAAGet Rating) posted its quarterly earnings results on Thursday. The bank reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.22 by $0.18, MarketWatch Earnings reports. Republic Bancorp had a return on equity of 8.60% and a net margin of 26.58%.

Shares of NASDAQ RBCAA traded down $0.26 during trading on Friday, reaching $44.15. The company had a trading volume of 66 shares, compared to its average volume of 20,836. The company’s fifty day moving average price is $45.51 and its 200-day moving average price is $49.84. Republic Bancorp has a 12 month low of $42.69 and a 12 month high of $57.62. The stock has a market cap of $882.51 million, a P/E ratio of 11.21 and a beta of 0.63. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.03.

The company also recently announced a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Friday, March 18th were issued a $0.341 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend was Thursday, March 17th. This is a boost from Republic Bancorp’s previous quarterly dividend of $0.31. Republic Bancorp’s dividend payout ratio is presently 34.34%.

In related news, Director Laura M. Douglas sold 517 shares of the company’s stock in a transaction dated Wednesday, February 9th. The stock was sold at an average price of $48.79, for a total transaction of $25,224.43. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Steve Trager sold 77,366 shares of the company’s stock in a transaction dated Friday, February 11th. The shares were sold at an average price of $48.41, for a total value of $3,745,288.06. The disclosure for this sale can be found here. Insiders own 54.90% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Citigroup Inc. boosted its holdings in Republic Bancorp by 90.3% in the fourth quarter. Citigroup Inc. now owns 2,403 shares of the bank’s stock worth $122,000 after acquiring an additional 1,140 shares in the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Republic Bancorp by 81.4% in the third quarter. BNP Paribas Arbitrage SA now owns 2,611 shares of the bank’s stock worth $132,000 after acquiring an additional 1,172 shares in the last quarter. Royal Bank of Canada boosted its holdings in Republic Bancorp by 7.6% in the third quarter. Royal Bank of Canada now owns 3,444 shares of the bank’s stock worth $175,000 after acquiring an additional 244 shares in the last quarter. Millennium Management LLC bought a new position in Republic Bancorp in the second quarter worth approximately $251,000. Finally, Deutsche Bank AG boosted its holdings in Republic Bancorp by 4.7% in the fourth quarter. Deutsche Bank AG now owns 5,707 shares of the bank’s stock worth $290,000 after acquiring an additional 255 shares in the last quarter. Institutional investors own 25.23% of the company’s stock.

A number of equities analysts have recently commented on the company. Piper Sandler assumed coverage on Republic Bancorp in a report on Monday, March 14th. They set an “overweight” rating and a $51.00 price target for the company. StockNews.com initiated coverage on Republic Bancorp in a report on Thursday, March 31st. They issued a “buy” rating for the company.

About Republic Bancorp (Get Rating)

Republic Bancorp, Inc, a financial holding company, provides various banking products and services in the United States. It operates in five segments: Traditional Banking, Warehouse, Mortgage Banking, Tax Refund Solutions, and Republic Credit Solutions. The company accepts demand, money market accounts, savings, individual retirement accounts, time, brokered, and other certificates of deposit.

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Earnings History for Republic Bancorp (NASDAQ:RBCAA)

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