Republic Bancorp, Inc. (RBCAA) To Go Ex-Dividend on September 18th

Republic Bancorp, Inc. (NASDAQ:RBCAA) announced a quarterly dividend on Wednesday, July 15th. Investors of record on Friday, September 18th will be given a dividend of 0.495 per share by the bank on Friday, October 16th. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, September 18th.

Republic Bancorp has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 27 years. Republic Bancorp has a dividend payout ratio of 33.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Republic Bancorp to earn $6.76 per share next year, which means the company should continue to be able to cover its $1.98 annual dividend with an expected future payout ratio of 29.3%.

Republic Bancorp Price Performance

Shares of RBCAA opened at $96.67 on Wednesday. The company has a 50 day moving average of $95.11 and a two-hundred day moving average of $83.56. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 0.14. Republic Bancorp has a twelve month low of $63.97 and a twelve month high of $102.22. The company has a market cap of $1.90 billion, a price-to-earnings ratio of 14.76 and a beta of 0.53.

Republic Bancorp (NASDAQ:RBCAA) last issued its quarterly earnings results on Friday, July 24th. The bank reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.13. Republic Bancorp had a return on equity of 11.20% and a net margin of 25.38%.The business had revenue of $101.27 million for the quarter, compared to the consensus estimate of $97.60 million. As a group, analysts predict that Republic Bancorp will post 6.65 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of RBCAA. Y Intercept Hong Kong Ltd purchased a new stake in shares of Republic Bancorp during the first quarter worth approximately $956,000. Fifth Third Bancorp purchased a new stake in shares of Republic Bancorp in the first quarter valued at approximately $384,000. Renaissance Technologies LLC lifted its position in Republic Bancorp by 27.2% during the first quarter. Renaissance Technologies LLC now owns 46,300 shares of the bank’s stock worth $3,266,000 after buying an additional 9,900 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Republic Bancorp by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 928,367 shares of the bank’s stock worth $65,496,000 after acquiring an additional 5,656 shares during the last quarter. Finally, Quantinno Capital Management LP grew its holdings in shares of Republic Bancorp by 44.3% in the first quarter. Quantinno Capital Management LP now owns 13,579 shares of the bank’s stock valued at $958,000 after purchasing an additional 4,167 shares during the period. Institutional investors and hedge funds own 24.37% of the company’s stock.

About Republic Bancorp

Republic Bancorp, Inc is a Louisville, Kentucky-based bank holding company and the parent organization of Republic Bank & Trust Company. Founded in 1974, the company provides banking and financial services to consumers, businesses and institutions through its banking operations and specialty finance businesses.

Republic Bank offers deposit accounts, residential and commercial loans, consumer lending, treasury management, wealth management and other traditional banking products. Its services are delivered through banking centers and digital channels, with a primary presence in Kentucky and additional operations in selected markets including Indiana, Florida and Tennessee.

The company also operates specialty finance businesses, including tax refund-related services that support tax preparers and consumers nationwide.