First Republic Bank (NYSE:FRC)‘s stock had its “hold” rating reissued by Keefe, Bruyette & Woods in a research report issued to clients and investors on Wednesday.
FRC has been the topic of several other research reports. BMO Capital Markets reduced their target price on shares of First Republic Bank from $96.00 to $92.00 and set a “market perform” rating on the stock in a report on Monday, October 16th. Royal Bank of Canada reiterated a “hold” rating on shares of First Republic Bank in a report on Friday, September 29th. Barclays boosted their price objective on shares of First Republic Bank from $98.00 to $101.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Maxim Group reiterated a “buy” rating and issued a $110.00 price objective on shares of First Republic Bank in a report on Thursday, January 4th. Finally, Jefferies Group reiterated a “buy” rating and issued a $111.00 price objective on shares of First Republic Bank in a report on Thursday, October 19th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $102.21.
First Republic Bank (FRC) opened at $85.97 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.46. The firm has a market cap of $13,945.67, a price-to-earnings ratio of 20.51, a P/E/G ratio of 1.41 and a beta of 0.96. First Republic Bank has a 1-year low of $84.56 and a 1-year high of $105.52.
First Republic Bank (NYSE:FRC) last posted its earnings results on Tuesday, January 16th. The bank reported $1.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.05). The business had revenue of $699.20 million for the quarter, compared to analyst estimates of $688.48 million. First Republic Bank had a net margin of 26.02% and a return on equity of 11.80%. The business’s revenue was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.03 EPS. research analysts forecast that First Republic Bank will post 5.06 earnings per share for the current fiscal year.
Several institutional investors have recently modified their holdings of the company. D.A. Davidson & CO. raised its stake in shares of First Republic Bank by 3.2% in the 2nd quarter. D.A. Davidson & CO. now owns 2,612 shares of the bank’s stock valued at $261,000 after purchasing an additional 81 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of First Republic Bank by 8.9% in the 2nd quarter. Toronto Dominion Bank now owns 2,117 shares of the bank’s stock valued at $212,000 after purchasing an additional 173 shares in the last quarter. Colony Group LLC raised its stake in shares of First Republic Bank by 0.9% in the 2nd quarter. Colony Group LLC now owns 25,889 shares of the bank’s stock valued at $2,591,000 after purchasing an additional 219 shares in the last quarter. National Asset Management Inc. raised its stake in shares of First Republic Bank by 10.4% in the 2nd quarter. National Asset Management Inc. now owns 5,001 shares of the bank’s stock valued at $503,000 after purchasing an additional 472 shares in the last quarter. Finally, Whittier Trust Co. raised its stake in shares of First Republic Bank by 2.0% in the 3rd quarter. Whittier Trust Co. now owns 26,816 shares of the bank’s stock valued at $2,801,000 after purchasing an additional 516 shares in the last quarter. Institutional investors and hedge funds 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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