Republic Bancorp (RBCAA) Receiving Somewhat Favorable Press Coverage, Report Shows
News headlines about Republic Bancorp (NASDAQ:RBCAA) have trended somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Republic Bancorp earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 46.7164402788824 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Republic Bancorp (NASDAQ RBCAA) opened at $40.76 on Friday. The company has a market capitalization of $862.94, a price-to-earnings ratio of 17.02 and a beta of 0.53. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.26. Republic Bancorp has a 12-month low of $31.97 and a 12-month high of $44.04.
Republic Bancorp (NASDAQ:RBCAA) last issued its earnings results on Friday, October 20th. The bank reported $0.51 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.05. The business had revenue of $58.68 million during the quarter. Republic Bancorp had a return on equity of 8.18% and a net margin of 19.02%. research analysts expect that Republic Bancorp will post 2.44 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Investors of record on Friday, December 15th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.88 annualized dividend and a dividend yield of 2.16%. Republic Bancorp’s dividend payout ratio is 36.21%.
Several analysts have recently commented on RBCAA shares. Zacks Investment Research cut Republic Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. Hovde Group cut Republic Bancorp from an “outperform” rating to a “market perform” rating and raised their target price for the stock from $39.00 to $41.00 in a research report on Wednesday, October 4th. Finally, ValuEngine cut Republic Bancorp from a “buy” rating to a “hold” rating in a research report on Saturday, November 25th.
In related news, EVP Steven E. Deweese sold 7,000 shares of the stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $41.00, for a total transaction of $287,000.00. Following the completion of the sale, the executive vice president now directly owns 34,115 shares in the company, valued at $1,398,715. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 52.30% of the stock is currently owned by company insiders.
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Republic Bancorp Company Profile
Republic Bancorp, Inc is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc (the Captive). The Bank is a Kentucky-based, state chartered non-member financial institution. The Captive is an insurance subsidiary of the Company. The Company operates through four segments: Traditional Banking, which provides traditional banking products to customers; Warehouse Lending (Warehouse), which provides short-term, revolving credit facilities to mortgage bankers across the United States through mortgage warehouse lines of credit; Mortgage Banking, which originates, sells and services long-term, single family, first lien residential real estate loans, and Republic Processing Group (RPG), which facilitates the receipt and payment of federal and state tax refund products.
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