Republic Bancorp (NASDAQ:RBCAA) Issues Earnings Results

Republic Bancorp (NASDAQ:RBCAA) posted its earnings results on Friday. The bank reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.55 by $0.13, FiscalAI reports. Republic Bancorp had a return on equity of 11.32% and a net margin of 25.22%.The company had revenue of $101.27 million for the quarter, compared to analyst estimates of $97.60 million.

Republic Bancorp Trading Up 3.2%

Shares of Republic Bancorp stock opened at $93.63 on Friday. The firm has a market cap of $1.84 billion, a PE ratio of 14.45 and a beta of 0.56. Republic Bancorp has a 1 year low of $63.97 and a 1 year high of $94.31. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.06 and a quick ratio of 1.05. The stock has a fifty day moving average price of $86.20 and a 200-day moving average price of $76.96.

Republic Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 16th. Stockholders of record on Friday, September 18th will be given a dividend of $0.495 per share. The ex-dividend date of this dividend is Friday, September 18th. This represents a $1.98 annualized dividend and a dividend yield of 2.1%. Republic Bancorp’s dividend payout ratio (DPR) is currently 30.56%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Republic Bancorp in a research note on Tuesday, June 9th. Zacks Research upgraded shares of Republic Bancorp to a “hold” rating in a report on Monday, July 13th. Finally, Wall Street Zen upgraded shares of Republic Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, April 25th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Republic Bancorp has an average rating of “Moderate Buy”.

Insider Transactions at Republic Bancorp

In related news, EVP Anthony T. Powell sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $83.54, for a total value of $250,620.00. Following the transaction, the executive vice president owned 24,691 shares in the company, valued at approximately $2,062,686.14. This represents a 10.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christy Ames sold 340 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The shares were sold at an average price of $87.90, for a total value of $29,886.00. Following the completion of the transaction, the executive vice president owned 6,145 shares in the company, valued at approximately $540,145.50. The trade was a 5.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 55.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in RBCAA. Mercer Global Advisors Inc. ADV increased its holdings in Republic Bancorp by 93.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 42,930 shares of the bank’s stock worth $2,964,000 after acquiring an additional 20,781 shares during the last quarter. Empowered Funds LLC lifted its holdings in Republic Bancorp by 9.2% during the fourth quarter. Empowered Funds LLC now owns 73,735 shares of the bank’s stock valued at $5,087,000 after purchasing an additional 6,189 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new position in Republic Bancorp during the fourth quarter worth about $1,102,000. Inspire Investing LLC boosted its position in Republic Bancorp by 8.1% during the fourth quarter. Inspire Investing LLC now owns 6,952 shares of the bank’s stock worth $480,000 after purchasing an additional 522 shares during the period. Finally, Bridgeway Capital Management LLC increased its stake in shares of Republic Bancorp by 5.3% in the fourth quarter. Bridgeway Capital Management LLC now owns 123,097 shares of the bank’s stock worth $8,492,000 after purchasing an additional 6,189 shares in the last quarter. Hedge funds and other institutional investors own 24.37% of the company’s stock.

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.