Press coverage about Republic Bancorp (NASDAQ:RBCAA) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Republic Bancorp earned a news impact score of 0.07 on Accern’s scale. Accern also gave news coverage about the bank an impact score of 46.5410324093756 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Republic Bancorp from a “hold” rating to a “buy” rating and set a $39.00 target price for the company in a report on Saturday, September 9th. BidaskClub downgraded shares of Republic Bancorp from a “hold” rating to a “sell” rating in a report on Thursday, July 13th.
Republic Bancorp (NASDAQ:RBCAA) opened at 37.95 on Friday. The company has a market cap of $791.56 million, a P/E ratio of 15.95 and a beta of 0.49. The company has a 50-day moving average of $34.96 and a 200 day moving average of $35.01. Republic Bancorp has a one year low of $28.56 and a one year high of $40.74.
Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings results on Friday, July 21st. The bank reported $0.48 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. The company had revenue of $56.06 million for the quarter. Republic Bancorp had a net margin of 19.33% and a return on equity of 8.14%. Analysts anticipate that Republic Bancorp will post $2.34 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 15th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 14th. This represents a $0.88 annualized dividend and a yield of 2.32%. Republic Bancorp’s dividend payout ratio is presently 36.82%.
In other news, EVP Steven E. Deweese sold 1,115 shares of Republic Bancorp stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $35.49, for a total value of $39,571.35. Following the sale, the executive vice president now owns 41,630 shares in the company, valued at $1,477,448.70. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Steven E. Deweese sold 1,000 shares of Republic Bancorp stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $34.50, for a total transaction of $34,500.00. Following the completion of the sale, the executive vice president now owns 42,230 shares in the company, valued at approximately $1,456,935. The disclosure for this sale can be found here. 52.30% of the stock is currently owned by company insiders.
About Republic Bancorp
Republic Bancorp, Inc is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc (the Captive). The Bank is a Kentucky-based, state chartered non-member financial institution. The Captive is an insurance subsidiary of the Company. The Company operates through four segments: Traditional Banking, which provides traditional banking products to customers; Warehouse Lending (Warehouse), which provides short-term, revolving credit facilities to mortgage bankers across the United States through mortgage warehouse lines of credit; Mortgage Banking, which originates, sells and services long-term, single family, first lien residential real estate loans, and Republic Processing Group (RPG), which facilitates the receipt and payment of federal and state tax refund products.
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