KAMES CAPITAL plc Has $30.21 Million Position in First Republic Bank (FRC)

KAMES CAPITAL plc trimmed its position in First Republic Bank (NYSE:FRC) by 63.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 348,752 shares of the bank’s stock after selling 607,228 shares during the quarter. KAMES CAPITAL plc owned approximately 0.22% of First Republic Bank worth $30,209,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of FRC. Zions Bancorporation bought a new stake in shares of First Republic Bank in the 3rd quarter valued at about $160,000. Mawer Investment Management Ltd. bought a new stake in shares of First Republic Bank in the 3rd quarter valued at about $209,000. Cambridge Investment Research Advisors Inc. bought a new stake in shares of First Republic Bank in the 3rd quarter valued at about $209,000. Brookmont Capital Management bought a new stake in shares of First Republic Bank in the 3rd quarter valued at about $210,000. Finally, Toronto Dominion Bank raised its holdings 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 during the period. 98.24% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently issued reports on FRC shares. Zacks Investment Research cut shares of First Republic Bank from a “hold” rating to a “sell” rating in a report on Monday, January 22nd. Royal Bank of Canada reissued a “hold” rating on shares of First Republic Bank in a report on Wednesday, January 17th. Barclays increased their price target on shares of First Republic Bank from $98.00 to $101.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Morgan Stanley reissued an “equal weight” rating and issued a $106.00 price target on shares of First Republic Bank in a report on Thursday, December 14th. Finally, Jefferies Group cut shares of First Republic Bank from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $101.54.

Shares of First Republic Bank (FRC) traded down $0.26 during trading hours on Friday, hitting $90.27. 1,240,000 shares of the company’s stock were exchanged, compared to its average volume of 1,600,000. First Republic Bank has a 1 year low of $84.56 and a 1 year high of $105.52. The firm has a market cap of $14,200.00, a price-to-earnings ratio of 20.94, a PEG ratio of 1.50 and a beta of 0.91. The company has a debt-to-equity ratio of 1.46, a quick ratio of 0.94 and a current ratio of 0.94.

First Republic Bank (NYSE:FRC) last announced its earnings results on Tuesday, January 16th. The bank reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.05). First Republic Bank had a return on equity of 11.80% and a net margin of 26.02%. The business had revenue of $699.20 million for the quarter, compared to analyst estimates of $688.48 million. During the same quarter in the previous year, the company earned $1.03 EPS. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. analysts forecast that First Republic Bank will post 4.76 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 8th. Shareholders of record on Thursday, January 25th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, January 24th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.75%. First Republic Bank’s payout ratio is presently 15.78%.

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First Republic Bank 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.

Institutional Ownership by Quarter for First Republic Bank (NYSE:FRC)

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