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.
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