Media stories about Republic Bancorp, Inc. KY (NASDAQ:RBCAA) have been trending somewhat negative on Wednesday, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Republic Bancorp, Inc. KY earned a daily sentiment score of 0.00 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 46.0655075827733 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Republic Bancorp, Inc. KY (NASDAQ RBCAA) opened at $39.92 on Wednesday. Republic Bancorp, Inc. KY has a 12 month low of $31.97 and a 12 month high of $44.04. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $832.48, a price-to-earnings ratio of 16.43 and a beta of 0.53.
Republic Bancorp, Inc. KY (NASDAQ:RBCAA) last posted its quarterly earnings data on Friday, October 20th. The bank reported $0.51 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.05. The firm had revenue of $58.68 million for the quarter. Republic Bancorp, Inc. KY had a return on equity of 8.18% and a net margin of 19.02%. equities analysts expect that Republic Bancorp, Inc. KY will post 2.44 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 19th. Shareholders of record on Friday, December 15th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Thursday, December 14th. Republic Bancorp, Inc. KY’s payout ratio is 36.21%.
Several equities research analysts have recently commented on RBCAA shares. Zacks Investment Research downgraded Republic Bancorp, Inc. KY from a “buy” rating to a “hold” rating in a report on Wednesday, January 10th. BidaskClub downgraded Republic Bancorp, Inc. KY from a “hold” rating to a “sell” rating in a report on Friday, December 29th. ValuEngine downgraded Republic Bancorp, Inc. KY from a “buy” rating to a “hold” rating in a report on Saturday, November 25th. Finally, Hovde Group downgraded Republic Bancorp, Inc. KY from an “outperform” rating to a “market perform” rating and increased their price objective for the company from $39.00 to $41.00 in a report on Wednesday, October 4th.
In related news, EVP Steven E. Deweese sold 7,000 shares of the firm’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $41.00, for a total value of $287,000.00. Following the transaction, the executive vice president now owns 34,115 shares in the company, valued at $1,398,715. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 7,307 shares of company stock worth $299,873 in the last quarter. Company insiders own 52.30% of the company’s stock.
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About Republic Bancorp, Inc. KY
Republic Bancorp, Inc is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc (the Captive). The Bank is a Kentucky-based, state chartered non-member financial institution. The Captive is an insurance subsidiary of the Company. The Company operates through four segments: Traditional Banking, which provides traditional banking products to customers; Warehouse Lending (Warehouse), which provides short-term, revolving credit facilities to mortgage bankers across the United States through mortgage warehouse lines of credit; Mortgage Banking, which originates, sells and services long-term, single family, first lien residential real estate loans, and Republic Processing Group (RPG), which facilitates the receipt and payment of federal and state tax refund products.
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