Republic Bancorp, Inc. KY (RBCAA) Declares Quarterly Dividend of $0.26

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Republic Bancorp, Inc. KY (NASDAQ:RBCAA) announced a quarterly dividend on Thursday, May 16th, Wall Street Journal reports. Stockholders of record on Friday, June 21st will be paid a dividend of 0.264 per share by the bank on Friday, July 19th. This represents a $1.06 dividend on an annualized basis and a dividend yield of 2.13%. The ex-dividend date of this dividend is Thursday, June 20th.

Republic Bancorp, Inc. KY has raised its dividend payment by an average of 7.1% annually over the last three years and has raised its dividend every year for the last 17 years. Republic Bancorp, Inc. KY has a payout ratio of 34.1% indicating that its dividend is sufficiently covered by earnings.

Shares of Republic Bancorp, Inc. KY stock opened at $49.48 on Friday. The stock has a market capitalization of $1.04 billion, a PE ratio of 13.34 and a beta of 0.56. Republic Bancorp, Inc. KY has a 52-week low of $35.17 and a 52-week high of $50.70. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.17 and a quick ratio of 1.22.

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last announced its earnings results on Wednesday, April 24th. The bank reported $1.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.05. The company had revenue of $99.72 million during the quarter. Republic Bancorp, Inc. KY had a net margin of 24.34% and a return on equity of 11.35%.

Several equities research analysts recently weighed in on RBCAA shares. BidaskClub cut shares of Republic Bancorp, Inc. KY from a “hold” rating to a “sell” rating in a research report on Saturday, January 19th. Hovde Group reaffirmed a “market perform” rating and set a $41.00 price objective on shares of Republic Bancorp, Inc. KY in a research report on Tuesday, January 29th.

In related news, EVP Anthony T. Powell sold 3,775 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $49.00, for a total transaction of $184,975.00. Following the completion of the sale, the executive vice president now owns 14,617 shares of the company’s stock, valued at $716,233. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mark A. Vogt acquired 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were purchased at an average cost of $48.93 per share, with a total value of $171,255.00. Following the transaction, the director now directly owns 9,816 shares of the company’s stock, valued at $480,296.88. The disclosure for this purchase can be found here. Insiders have sold 4,300 shares of company stock valued at $209,435 in the last ninety days. 52.00% of the stock is currently owned by company insiders.

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Republic Bancorp, Inc. KY Company Profile

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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Dividend History for Republic Bancorp, Inc. KY (NASDAQ:RBCAA)

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