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

Republic Bancorp (NASDAQ:RBCAA) is anticipated to issue its quarterly earnings data before the market opens on Thursday, April 24th. Analysts expect the company to announce earnings of $1.86 per share and revenue of $126.90 million for the quarter.

Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings data on Friday, January 24th. The bank reported $0.98 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.22). Republic Bancorp had a return on equity of 10.60% and a net margin of 20.05%.

Republic Bancorp Trading Up 3.7 %

Shares of RBCAA stock opened at $66.14 on Wednesday. The business has a 50-day moving average of $64.49 and a 200 day moving average of $68.34. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.12 and a quick ratio of 1.11. Republic Bancorp has a 1-year low of $48.10 and a 1-year high of $80.68. The stock has a market capitalization of $1.29 billion, a PE ratio of 12.65 and a beta of 0.46.

Insider Buying and Selling at Republic Bancorp

In other Republic Bancorp news, Director David P. Feaster sold 1,406 shares of the business’s stock in a transaction on Wednesday, January 29th. The shares were sold at an average price of $66.42, for a total transaction of $93,386.52. Following the transaction, the director now directly owns 4,303 shares of the company’s stock, valued at approximately $285,805.26. The trade was a 24.63 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John T. Rippy sold 3,082 shares of the firm’s stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $65.99, for a total transaction of $203,381.18. Following the completion of the sale, the executive vice president now directly owns 23,105 shares of the company’s stock, valued at approximately $1,524,698.95. This represents a 11.77 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 56.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Hovde Group cut their target price on shares of Republic Bancorp from $72.00 to $70.00 and set a “market perform” rating on the stock in a report on Monday, January 27th.

About Republic Bancorp

Republic Bancorp, Inc operates as a bank holding company for Republic Bank & Trust Company that provides various banking products and services in the United States. It operates in six segments: Traditional Banking, Warehouse, Mortgage Banking, Tax Refund Solutions, Republic Payment Solutions, and Republic Credit Solutions.