Republic Bancorp, Inc. KY (NASDAQ:RBCAA) Releases Quarterly Earnings Results, Beats Estimates By $0.57 EPS

Republic Bancorp, Inc. KY (NASDAQ:RBCAA) posted its earnings results on Friday. The bank reported $0.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.57, MarketWatch Earnings reports. Republic Bancorp, Inc. KY had a return on equity of 10.20% and a net margin of 24.79%.

RBCAA stock traded up $1.51 during midday trading on Friday, reaching $32.84. 28,234 shares of the company’s stock traded hands, compared to its average volume of 27,202. The company has a 50-day simple moving average of $30.34 and a two-hundred day simple moving average of $31.21. Republic Bancorp, Inc. KY has a 1-year low of $27.05 and a 1-year high of $49.61. The company has a market cap of $686.62 million, a price-to-earnings ratio of 7.91 and a beta of 0.63. The company has a quick ratio of 1.07, a current ratio of 1.08 and a debt-to-equity ratio of 0.22.

In other news, Director Mark A. Vogt bought 4,000 shares of the stock in a transaction dated Tuesday, July 28th. The stock was bought at an average cost of $31.69 per share, with a total value of $126,760.00. Following the purchase, the director now owns 11,009 shares of the company’s stock, valued at $348,875.21. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mark A. Vogt bought 2,000 shares of the stock in a transaction dated Thursday, July 23rd. The stock was purchased at an average cost of $31.15 per share, with a total value of $62,300.00. The disclosure for this purchase can be found here. Company insiders own 51.80% of the company’s stock.

Separately, BidaskClub raised Republic Bancorp, Inc. KY from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 7th.

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

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