Republic Bancorp (RBCAA) Projected to Post Quarterly Earnings on Friday

Republic Bancorp (NASDAQ:RBCAA) is expected to be posting its results before the market opens on Friday, January 23rd. Analysts expect Republic Bancorp to post earnings of $1.30 per share and revenue of $92.50 million for the quarter.

Republic Bancorp Stock Performance

Shares of RBCAA opened at $71.36 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.06 and a quick ratio of 1.05. The firm’s 50 day moving average is $69.81 and its 200-day moving average is $71.31. Republic Bancorp has a 12-month low of $56.79 and a 12-month high of $78.25. The stock has a market capitalization of $1.39 billion, a P/E ratio of 10.93 and a beta of 0.60.

Republic Bancorp Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 16th. Shareholders of record on Friday, December 19th were given a $0.451 dividend. The ex-dividend date was Friday, December 19th. This represents a $1.80 annualized dividend and a yield of 2.5%. Republic Bancorp’s payout ratio is 27.57%.

Hedge Funds Weigh In On Republic Bancorp

Several large investors have recently made changes to their positions in RBCAA. Quarry LP acquired a new stake in Republic Bancorp in the third quarter worth about $27,000. Russell Investments Group Ltd. boosted its stake in shares of Republic Bancorp by 2,561.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 825 shares of the bank’s stock valued at $60,000 after purchasing an additional 794 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Republic Bancorp during the 2nd quarter worth approximately $121,000. BNP Paribas Financial Markets grew its position in shares of Republic Bancorp by 46.4% during the 2nd quarter. BNP Paribas Financial Markets now owns 1,887 shares of the bank’s stock worth $138,000 after buying an additional 598 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of Republic Bancorp by 125.4% during the second quarter. Tower Research Capital LLC TRC now owns 2,279 shares of the bank’s stock worth $167,000 after buying an additional 1,268 shares during the last quarter. Institutional investors and hedge funds own 24.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Republic Bancorp in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $69.00.

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.