Republic Bancorp (NASDAQ:RBCAA) Announces Earnings Results, Misses Estimates By $0.06 EPS

Republic Bancorp (NASDAQ:RBCAA) posted its quarterly earnings data on Friday. The bank reported $1.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.06), FiscalAI reports. Republic Bancorp had a return on equity of 11.20% and a net margin of 25.38%. The firm had revenue of $103.93 million during the quarter, compared to analyst estimates of $100.35 million.

Republic Bancorp Stock Down 0.7%

RBCAA stock opened at $91.60 on Friday. Republic Bancorp has a one year low of $63.97 and a one year high of $102.22. The firm has a market cap of $1.80 billion, a PE ratio of 13.84 and a beta of 0.55. The firm’s 50 day moving average price is $93.85 and its 200-day moving average price is $88.01. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.01 and a current ratio of 1.02.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Hovde Group upped their price objective on shares of Republic Bancorp from $80.00 to $98.00 and gave the company a “market perform” rating in a research note on Monday, July 27th. Weiss Ratings upgraded Republic Bancorp from a “buy (b)” rating to a “buy (b+)” rating in a research report on Friday, October 16th. Raymond James Financial started coverage on Republic Bancorp in a research note on Wednesday, September 2nd. They set a “hold” rating on the stock. Finally, Zacks Research upgraded Republic Bancorp to a “hold” rating in a report on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $98.00.

About Republic Bancorp

Republic Bancorp, Inc is a Louisville, Kentucky-based bank holding company whose principal subsidiary is Republic Bank & Trust Company. The company provides consumer and commercial banking services to individuals, businesses, professionals and institutions.

Republic Bank offers deposit accounts, checking and savings products, consumer and commercial loans, mortgages, treasury management, private banking, wealth management and investment services. Through its Republic Processing Group, the company also provides financial services and processing solutions for tax professionals, including tax refund-related products and services.

Founded in 1974, Republic Bancorp serves customers through banking operations primarily in Kentucky and selected markets in the surrounding region, including Indiana, Ohio, Tennessee and Florida.