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

Republic Bancorp, Inc. (NASDAQ:RBCAA) declared a quarterly dividend on Wednesday, May 20th. Investors of record on Thursday, June 18th will be paid 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 dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, June 18th.

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

Republic Bancorp Price Performance

Shares of NASDAQ:RBCAA opened at $78.43 on Thursday. Republic Bancorp has a fifty-two week low of $63.97 and a fifty-two week high of $78.44. 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 firm has a fifty day moving average price of $72.95 and a 200 day moving average price of $71.13. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 12.10 and a beta of 0.57.

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE increased its stake in Republic Bancorp by 29.9% in the 1st quarter. Bank of America Corp DE now owns 16,035 shares of the bank’s stock worth $1,131,000 after buying an additional 3,687 shares during the period. Royal Bank of Canada increased its stake in Republic Bancorp by 46.2% in the 1st quarter. Royal Bank of Canada now owns 3,401 shares of the bank’s stock worth $239,000 after buying an additional 1,074 shares during the period. Empowered Funds LLC increased its stake in Republic Bancorp by 6.1% in the 1st quarter. Empowered Funds LLC now owns 78,246 shares of the bank’s stock worth $5,520,000 after buying an additional 4,511 shares during the period. Quantinno Capital Management LP increased its stake in Republic Bancorp by 44.3% in the 1st quarter. Quantinno Capital Management LP now owns 13,579 shares of the bank’s stock worth $958,000 after buying an additional 4,167 shares during the period. Finally, Lazard Asset Management LLC increased its stake in Republic Bancorp by 10.4% in the 1st quarter. Lazard Asset Management LLC now owns 22,702 shares of the bank’s stock worth $1,602,000 after buying an additional 2,136 shares during the period. Hedge funds and other institutional investors own 24.37% of the company’s stock.

About Republic Bancorp

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.