Deutsche Bank AG grew its holdings in shares of First Republic Bank (NYSE:FRC) by 95.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 608,349 shares of the bank’s stock after purchasing an additional 296,766 shares during the quarter. Deutsche Bank AG owned approximately 0.39% of First Republic Bank worth $52,705,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in FRC. Harding Loevner LP increased its holdings in First Republic Bank by 112.9% in the 3rd quarter. Harding Loevner LP now owns 4,734,746 shares of the bank’s stock worth $227,383,000 after acquiring an additional 2,510,888 shares during the last quarter. BlackRock Inc. increased its holdings in First Republic Bank by 17.0% in the 4th quarter. BlackRock Inc. now owns 12,442,562 shares of the bank’s stock worth $1,078,026,000 after acquiring an additional 1,804,494 shares during the last quarter. Virtus Fund Advisers LLC increased its holdings in First Republic Bank by 170.3% in the 4th quarter. Virtus Fund Advisers LLC now owns 1,234,325 shares of the bank’s stock worth $106,942,000 after acquiring an additional 777,750 shares during the last quarter. Artisan Partners Limited Partnership increased its holdings in First Republic Bank by 32.9% in the 3rd quarter. Artisan Partners Limited Partnership now owns 2,804,290 shares of the bank’s stock worth $292,936,000 after acquiring an additional 693,442 shares during the last quarter. Finally, Renaissance Technologies LLC increased its holdings in First Republic Bank by 1,427.4% in the 4th quarter. Renaissance Technologies LLC now owns 734,700 shares of the bank’s stock worth $63,654,000 after acquiring an additional 686,600 shares during the last quarter. 99.00% of the stock is owned by institutional investors.
First Republic Bank (NYSE:FRC) opened at $95.81 on Thursday. First Republic Bank has a 12 month low of $84.56 and a 12 month high of $105.52. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $15,308.69, a PE ratio of 22.51, a price-to-earnings-growth ratio of 1.61 and a beta of 0.84.
First Republic Bank (NYSE:FRC) last issued its earnings results on Tuesday, January 16th. The bank reported $1.10 EPS for the quarter, missing the 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 company had revenue of $699.20 million during the quarter, compared to the consensus estimate of $688.48 million. During the same quarter in the prior year, the business earned $1.03 EPS. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. equities analysts expect that First Republic Bank will post 4.74 earnings per share for the current year.
Several equities research analysts recently weighed in on FRC shares. Sandler O’Neill reissued a “hold” rating and issued a $94.00 price objective on shares of First Republic Bank in a report on Wednesday, January 17th. Morgan Stanley reissued an “equal weight” rating and issued a $106.00 price objective on shares of First Republic Bank in a report on Thursday, December 14th. Zacks Investment Research raised First Republic Bank from a “sell” rating to a “hold” rating in a report on Friday, December 8th. Jefferies Group lowered First Republic Bank from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $95.00 price objective on shares of First Republic Bank in a report on Tuesday, February 27th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. First Republic Bank presently has a consensus rating of “Hold” and a consensus target price of $102.85.
WARNING: This report was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another domain, it was illegally copied and reposted in violation of U.S. and international copyright and trademark law. The legal version of this report can be read at https://www.dispatchtribunal.com/2018/03/15/first-republic-bank-frc-shares-bought-by-deutsche-bank-ag.html.
About First Republic Bank
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.
Want to see what other hedge funds are holding FRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Republic Bank (NYSE:FRC).
Receive News & Ratings for First Republic Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Republic Bank and related companies with MarketBeat.com's FREE daily email newsletter.