First Republic Bank (NYSE:FRC) – Equities research analysts at FIG Partners raised their Q4 2017 EPS estimates for shares of First Republic Bank in a note issued to investors on Wednesday, according to Zacks Investment Research. FIG Partners analyst T. Coffey now forecasts that the bank will post earnings of $1.41 per share for the quarter, up from their previous estimate of $1.22. FIG Partners also issued estimates for First Republic Bank’s FY2019 earnings at $6.13 EPS.
First Republic Bank (NYSE:FRC) last issued its quarterly earnings results on Friday, October 13th. The bank reported $1.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.02). The firm had revenue of $670.30 million during the quarter, compared to analyst estimates of $678.25 million. First Republic Bank had a return on equity of 12.06% and a net margin of 26.85%. The business’s revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.00 earnings per share.
A number of other equities analysts have also weighed in on the company. Maxim Group reissued a “buy” rating and set a $110.00 price objective on shares of First Republic Bank in a research note on Thursday, January 4th. Barclays boosted their price objective on First Republic Bank from $98.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Jefferies Group lowered First Republic Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Morgan Stanley reissued an “equal weight” rating and set a $106.00 price objective on shares of First Republic Bank in a research note on Thursday, December 14th. Finally, Zacks Investment Research raised First Republic Bank from a “sell” rating to a “hold” rating in a research note on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $103.00.
First Republic Bank (NYSE:FRC) traded down $1.25 during midday trading on Thursday, reaching $91.06. The company’s stock had a trading volume of 1,730,000 shares, compared to its average volume of 1,560,000. The firm has a market capitalization of $14,320.00, a price-to-earnings ratio of 21.48, a P/E/G ratio of 1.45 and a beta of 0.96. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.95 and a quick ratio of 0.94. First Republic Bank has a one year low of $84.56 and a one year high of $105.52.
A number of large investors have recently bought and sold shares of FRC. Harding Loevner LP raised its position in First Republic Bank by 112.9% in the third quarter. Harding Loevner LP now owns 4,734,746 shares of the bank’s stock valued at $227,383,000 after purchasing an additional 2,510,888 shares during the period. Artisan Partners Limited Partnership purchased a new stake in First Republic Bank in the second quarter valued at $211,296,000. State Street Corp raised its position in First Republic Bank by 20.3% in the second quarter. State Street Corp now owns 5,995,443 shares of the bank’s stock valued at $600,135,000 after purchasing an additional 1,010,648 shares during the period. BlackRock Inc. raised its position in First Republic Bank by 8.9% in the second quarter. BlackRock Inc. now owns 10,708,811 shares of the bank’s stock valued at $1,071,954,000 after purchasing an additional 876,812 shares during the period. Finally, Janus Henderson Group PLC raised its position in First Republic Bank by 1,796.1% in the second quarter. Janus Henderson Group PLC now owns 744,144 shares of the bank’s stock valued at $74,488,000 after purchasing an additional 704,897 shares during the period. Institutional investors own 98.75% of the company’s stock.
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First Republic Bank Company Profile
First Republic Bank is a commercial bank and trust company. The Bank specializes in providing services, including private banking, private business banking, real estate lending and wealth management services, including trust and custody services, to clients in selected metropolitan areas in the United States.
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