Republic Bancorp (RBCAA) Expected to Post Earnings on Friday

Republic Bancorp (NASDAQ:RBCAA) will likely be releasing its results before the market opens on Friday, October 16th. Analysts expect Republic Bancorp to announce earnings of $1.65 per share and revenue of $100.35 million for the quarter.

Republic Bancorp (NASDAQ:RBCAA) last released its quarterly earnings data on Friday, July 24th. The bank reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.13. The business had revenue of $101.27 million during the quarter, compared to analyst estimates of $97.60 million. Republic Bancorp had a net margin of 25.38% and a return on equity of 11.20%. On average, analysts expect Republic Bancorp to post $6.65 EPS for the current fiscal year and $6.76 EPS for the next fiscal year.

Republic Bancorp Trading Down 1.1%

Shares of NASDAQ:RBCAA opened at $91.16 on Wednesday. The stock has a market capitalization of $1.79 billion, a PE ratio of 14.37 and a beta of 0.55. Republic Bancorp has a 1 year low of $63.97 and a 1 year high of $102.22. The firm has a fifty day moving average price of $94.99 and a 200 day moving average price of $86.95. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.14.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on RBCAA. Raymond James Financial assumed coverage on Republic Bancorp in a report on Wednesday, September 2nd. They set a “hold” rating on the stock. Hovde Group upped their price target on Republic Bancorp from $80.00 to $98.00 and gave the stock a “market perform” rating in a research note on Monday, July 27th. Weiss Ratings reissued a “buy (b)” rating on shares of Republic Bancorp in a report on Friday, September 4th. Finally, Zacks Research raised Republic Bancorp to a “hold” rating in a report on Monday, July 13th. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $98.00.

About Republic Bancorp

Republic Bancorp, Inc is a bank holding company headquartered in Louisville, Kentucky. Its principal subsidiary, Republic Bank & Trust Company, provides banking and financial services to individuals, businesses, and institutions through banking centers and digital channels.

The company offers personal and commercial deposit accounts, consumer and business loans, mortgage lending, cash-management services, online and mobile banking, and wealth-management and trust services. Its banking operations serve customers in Kentucky, Florida, Indiana, Ohio, and Tennessee.

Republic Bancorp also operates Republic Processing Group, which provides tax-related financial services and payment-processing solutions, including tax refund processing and prepaid products.