Republic Bancorp (NASDAQ:RBCAA – Get Free Report) announced its earnings results on Friday. The bank reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.16, Zacks reports. Republic Bancorp had a return on equity of 10.50% and a net margin of 20.41%. The company had revenue of $118.36 million during the quarter.
Republic Bancorp Price Performance
Shares of RBCAA opened at $69.10 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a 50 day simple moving average of $63.12 and a 200 day simple moving average of $57.05. Republic Bancorp has a 52-week low of $42.51 and a 52-week high of $70.00. The firm has a market capitalization of $1.87 billion, a PE ratio of 14.52 and a beta of 0.52.
Insider Activity at Republic Bancorp
In other news, CFO Kevin D. Sipes sold 10,074 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $65.07, for a total transaction of $655,515.18. Following the sale, the chief financial officer now owns 70,086 shares in the company, valued at $4,560,496.02. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Kevin D. Sipes sold 10,074 shares of the company’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $65.07, for a total transaction of $655,515.18. Following the sale, the chief financial officer now owns 70,086 shares in the company, valued at $4,560,496.02. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Christy Ames sold 1,715 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $63.72, for a total value of $109,279.80. Following the completion of the sale, the executive vice president now owns 4,240 shares in the company, valued at approximately $270,172.80. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 18,078 shares of company stock worth $1,170,715. 55.50% of the stock is owned by company insiders.
Analysts Set New Price Targets
Check Out Our Latest Report on RBCAA
About Republic Bancorp
Republic Bancorp, Inc operates as a bank holding company for Republic Bank & Trust Company that provides various banking products and services in the United States. It operates in six segments: Traditional Banking, Warehouse, Mortgage Banking, Tax Refund Solutions, Republic Payment Solutions, and Republic Credit Solutions.
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