Republic Bancorp, Inc. KY (NASDAQ:RBCAA) declared a quarterly dividend on Wednesday, July 15th, Zacks reports. Investors of record on Friday, September 18th will be given a dividend of 0.286 per share by the bank on Friday, October 16th. This represents a $1.14 annualized dividend and a yield of 3.65%. The ex-dividend date is Thursday, September 17th.
Republic Bancorp, Inc. KY has increased its dividend payment by 28.0% over the last three years and has raised its dividend annually for the last 18 consecutive years. Republic Bancorp, Inc. KY has a payout ratio of 37.7% indicating that its dividend is sufficiently covered by earnings.
Shares of NASDAQ RBCAA opened at $31.35 on Wednesday. Republic Bancorp, Inc. KY has a 1 year low of $27.05 and a 1 year high of $49.61. The firm has a market cap of $655.47 million, a price-to-earnings ratio of 7.55 and a beta of 0.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.07 and a current ratio of 1.08. The stock’s 50-day simple moving average is $31.39 and its 200-day simple moving average is $31.80.
Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last announced its earnings results on Friday, July 17th. The bank reported $0.76 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.67 by $0.09. The business had revenue of $70.96 million for the quarter. Republic Bancorp, Inc. KY had a return on equity of 10.20% and a net margin of 24.79%.
In other Republic Bancorp, Inc. KY news, Director Mark A. Vogt acquired 2,000 shares of Republic Bancorp, Inc. KY stock in a transaction dated Thursday, July 23rd. The stock was acquired at an average cost of $31.15 per share, for a total transaction of $62,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Vogt bought 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The shares were purchased at an average cost of $31.69 per share, for a total transaction of $126,760.00. Following the acquisition, the director now owns 11,009 shares of the company’s stock, valued at $348,875.21. The disclosure for this purchase can be found here. Insiders own 51.80% of the company’s stock.
Separately, BidaskClub upgraded Republic Bancorp, Inc. KY from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 9th.
About Republic Bancorp, Inc. KY
Republic Bancorp, Inc, a financial holding company, provides banking products and services in the United States. It operates through five segments: Traditional Banking, Warehouse Lending, Mortgage Banking, Tax Refund Solutions, and Republic Credit Solutions. The company accepts demand, savings, time, and brokered and other certificates of deposit; and money market and individual retirement accounts.
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