Republic Bancorp, Inc. KY (RBCAA) Plans Dividend Increase – $0.24 Per Share

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) declared a quarterly dividend on Thursday, January 25th, Wall Street Journal reports. Shareholders of record on Friday, March 16th will be paid a dividend of 0.242 per share by the bank on Friday, April 20th. This represents a $0.97 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Thursday, March 15th. This is a positive change from Republic Bancorp, Inc. KY’s previous quarterly dividend of $0.22.

RBCAA stock opened at $39.83 on Wednesday. Republic Bancorp, Inc. KY has a 12 month low of $31.97 and a 12 month high of $44.04. The firm has a market capitalization of $847.80, a P/E ratio of 18.27 and a beta of 0.51. The company has a quick ratio of 1.17, a current ratio of 1.18 and a debt-to-equity ratio of 1.23.

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last announced its earnings results on Friday, January 26th. The bank reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.06. Republic Bancorp, Inc. KY had a return on equity of 8.27% and a net margin of 16.46%. The company had revenue of $60.83 million for the quarter. equities research analysts predict that Republic Bancorp, Inc. KY will post 3.11 earnings per share for the current fiscal year.

A number of research firms recently weighed in on RBCAA. Zacks Investment Research upgraded Republic Bancorp, Inc. KY from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Wednesday. BidaskClub upgraded Republic Bancorp, Inc. KY from a “sell” rating to a “hold” rating in a research note on Thursday, March 8th. Finally, ValuEngine downgraded Republic Bancorp, Inc. KY from a “buy” rating to a “hold” rating in a research note on Saturday, November 25th.

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Republic Bancorp, Inc. KY Company Profile

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.

Dividend History for Republic Bancorp, Inc. KY (NASDAQ:RBCAA)

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