Revenue Update on Republic Bancorp KY(NASDAQ:RBCAA)

Republic Bancorp KY(NASDAQ:RBCAA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 22, 2016. Company reported revenue of $35.58M. Analysts estimated a revenue of $32.41M. Earnings per share were $0.40. Analysts had estimated an EPS of $0.36.

Republic Bancorp KY (RBCAA) shares turned negative on Thursdays trading session with the shares closing down -0.11 points or -0.37% at a volume of 5,792. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $29.99. The peak price level was also seen at $29.99 while the days lowest was $29.6605. Finally the shares closed at $29.87. The 52-week high of the shares is $30 while the 52-week low is $23. According to the latest information available, the market cap of the company is $624 M.

Republic Bancorp KY has also declared a cash dividend of $0.1900 on Jul 20, 2016. The shares will quote ex-dividend on Sep 14, 2016 and the record date has been fixed on Sep 16, 2016. The dividend payable date has been fixed on Oct 21, 2016.

Several Insider Transactions has been reported to the SEC. On May 17, 2016, Steven E Deweese (EVP, Dir of Bus & Private Bank) sold 901 shares at $26.99 per share price.Also, On Mar 14, 2016, Juan Montano (SVP & Managing Dir of Mtg Lend) sold 3,000 shares at $25.26 per share price.On Mar 2, 2015, John T Rippy (SVP, Chief Risk Mgmt Officer) sold 3,484 shares at $23.91 per share price, according to the Form-4 filing with the securities and exchange commission.

Republic Bancorp Inc. (Republic) 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 provides property and casualty insurance coverage to the Company and the Bank as well as five other third-party insurance captives for which insurance may not be available. The Company operates in four business segments: Traditional Banking which provides traditional banking products primarily to customers in the Company’s market footprint; Warehouse Lending which provides short-term revolving credit facilities to mortgage bankers across the Nation; 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 under the TRS division.

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