Republic Bancorp, Inc. Plans Quarterly Dividend of $0.49 (NASDAQ:RBCAA)

Republic Bancorp, Inc. (NASDAQ:RBCAA) announced a quarterly dividend on Thursday, July 16th. Shareholders of record on Friday, September 18th will be given a dividend of 0.495 per share by the bank on Friday, October 16th. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Friday, September 18th.

Republic Bancorp has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 27 consecutive years. Republic Bancorp has a dividend payout ratio of 33.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Republic Bancorp to earn $6.62 per share next year, which means the company should continue to be able to cover its $1.98 annual dividend with an expected future payout ratio of 29.9%.

Republic Bancorp Stock Performance

Shares of NASDAQ:RBCAA opened at $89.34 on Thursday. The company’s 50 day moving average price is $84.08 and its two-hundred day moving average price is $75.91. Republic Bancorp has a 12-month low of $63.97 and a 12-month high of $93.54. The firm has a market cap of $1.75 billion, a PE ratio of 13.79 and a beta of 0.56. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.32.

Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings results on Thursday, April 23rd. The bank reported $2.04 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.63. The company had revenue of $114.57 million during 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%. Equities research analysts predict that Republic Bancorp will post 6.65 earnings per share for the current year.

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.