First Republic Bank (NYSE:FRC)‘s stock had its “hold” rating reiterated by equities researchers at Jefferies Group in a report issued on Wednesday. They presently have a $88.00 target price on the bank’s stock. Jefferies Group’s target price would indicate a potential downside of 4.83% from the stock’s current price. Jefferies Group also issued estimates for First Republic Bank’s Q4 2018 earnings at $1.32 EPS, FY2018 earnings at $4.85 EPS and FY2019 earnings at $5.40 EPS.
A number of other analysts also recently weighed in on FRC. Barclays lifted their price target on First Republic Bank from $98.00 to $101.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Maxim Group restated a “buy” rating and issued a $110.00 price target on shares of First Republic Bank in a research note on Thursday, January 4th. Sandler O’Neill restated a “hold” rating and issued a $94.00 price target on shares of First Republic Bank in a research note on Wednesday, January 17th. Royal Bank of Canada restated a “hold” rating on shares of First Republic Bank in a research note on Wednesday, January 17th. Finally, Keefe, Bruyette & Woods restated a “hold” rating on shares of First Republic Bank in a research note on Wednesday, January 17th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $100.77.
First Republic Bank stock opened at $92.47 on Wednesday. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.45. First Republic Bank has a 1-year low of $84.56 and a 1-year high of $105.52. The company has a market capitalization of $14,171.27, a P/E ratio of 21.45, a price-to-earnings-growth ratio of 1.47 and a beta of 0.82.
First Republic Bank (NYSE:FRC) last posted its quarterly earnings results on Friday, April 13th. The bank reported $1.13 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.07. First Republic Bank had a return on equity of 11.76% and a net margin of 25.33%. The firm had revenue of $720.90 million for the quarter, compared to the consensus estimate of $732.68 million. During the same period in the previous year, the business earned $1.01 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. equities analysts anticipate that First Republic Bank will post 4.79 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. First Western Capital Management Co boosted its position in First Republic Bank by 1.6% during the fourth quarter. First Western Capital Management Co now owns 37,346 shares of the bank’s stock worth $3,236,000 after purchasing an additional 606 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its position in First Republic Bank by 3.5% during the fourth quarter. Candriam Luxembourg S.C.A. now owns 18,202 shares of the bank’s stock worth $1,577,000 after purchasing an additional 620 shares in the last quarter. Mar Vista Investment Partners LLC boosted its position in First Republic Bank by 0.3% during the fourth quarter. Mar Vista Investment Partners LLC now owns 289,911 shares of the bank’s stock worth $25,118,000 after purchasing an additional 843 shares in the last quarter. Corient Capital Partners LLC boosted its position in First Republic Bank by 13.1% during the fourth quarter. Corient Capital Partners LLC now owns 7,587 shares of the bank’s stock worth $657,000 after purchasing an additional 876 shares in the last quarter. Finally, Bbva Compass Bancshares Inc. boosted its position in First Republic Bank by 7.8% during the fourth quarter. Bbva Compass Bancshares Inc. now owns 12,379 shares of the bank’s stock worth $1,073,000 after purchasing an additional 892 shares in the last quarter. Institutional investors own 99.06% of the company’s stock.
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First Republic Bank Company Profile
First Republic Bank, Inc engages in the provision of private banking, private business banking, and private wealth management, including investment, trust and brokerage services through its subsidiaries. Its services includes checking, savings, money market, online and mobile banking, automated teller machine (ATM) card and ATM/debit card, student loan refinancing, residential and personal lending, foreign exchange, business lending by industry, general business loans, commercial real estate and construction loans, business lines of credit, corporate online, treasury services, endowment management, and financial planning.
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