Republic Bancorp, Inc. to Issue Quarterly Dividend of $0.50 (NASDAQ:RBCAA)

Republic Bancorp, Inc. (NASDAQ:RBCAA) declared a quarterly dividend on Wednesday, May 20th. Shareholders of record on Thursday, June 18th will be given a dividend of 0.495 per share by the bank on Friday, July 17th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Thursday, June 18th.

Republic Bancorp has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 27 years. Republic Bancorp has a dividend payout ratio of 33.2% indicating that its dividend is sufficiently covered by earnings.

Republic Bancorp Trading Up 1.1%

NASDAQ RBCAA opened at $78.43 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.05 and a current ratio of 1.06. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 12.10 and a beta of 0.57. The company’s 50-day simple moving average is $72.95 and its two-hundred day simple moving average is $71.13. Republic Bancorp has a one year low of $63.97 and a one year high of $78.44.

Republic Bancorp (NASDAQ:RBCAA) last posted its earnings results on Thursday, April 23rd. The bank reported $2.04 EPS for the quarter, beating analysts’ consensus estimates of $1.41 by $0.63. The business had revenue of $114.57 million for the quarter, compared to the consensus estimate of $96.60 million. Republic Bancorp had a net margin of 25.22% and a return on equity of 11.32%.

Republic Bancorp Company Profile

Republic Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky, that operates through its principal subsidiary, Republic Bank & Trust Company. The company provides a full suite of commercial and retail banking services tailored to individuals, small businesses and middle‐market clients. Core offerings include deposit accounts, consumer and commercial lending, treasury and cash-management services, mortgage financing, SBA lending and wealth management solutions. Republic Bancorp also supports specialized financing needs through equipment leasing and small business advisory services.

Republic Bancorp’s branch network spans key markets in the U.S.