First Republic Bank (FRC) Shares Bought by Ladenburg Thalmann Financial Services Inc.

Ladenburg Thalmann Financial Services Inc. increased its stake in First Republic Bank (NYSE:FRC) by 5.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,314 shares of the bank’s stock after purchasing an additional 855 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in First Republic Bank were worth $1,417,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FRC. SG Americas Securities LLC boosted its stake in shares of First Republic Bank by 80.7% during the 4th quarter. SG Americas Securities LLC now owns 3,601 shares of the bank’s stock worth $312,000 after buying an additional 1,608 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of First Republic Bank by 7.0% during the 4th quarter. Bank of New York Mellon Corp now owns 1,082,821 shares of the bank’s stock worth $93,816,000 after buying an additional 71,023 shares during the last quarter. American International Group Inc. boosted its stake in shares of First Republic Bank by 95.3% during the 4th quarter. American International Group Inc. now owns 7,570 shares of the bank’s stock worth $656,000 after buying an additional 3,694 shares during the last quarter. Brown Advisory Inc. boosted its stake in shares of First Republic Bank by 48.8% during the 4th quarter. Brown Advisory Inc. now owns 8,315 shares of the bank’s stock worth $720,000 after buying an additional 2,727 shares during the last quarter. Finally, Bbva Compass Bancshares Inc. boosted its stake in shares of First Republic Bank by 7.8% during the 4th quarter. Bbva Compass Bancshares Inc. now owns 12,379 shares of the bank’s stock worth $1,073,000 after buying an additional 892 shares during the last quarter.

A number of equities analysts have recently commented on the stock. Citigroup assumed coverage on shares of First Republic Bank in a research note on Monday, June 18th. They set a “buy” rating and a $120.00 price objective for the company. Wells Fargo & Co increased their price objective on shares of First Republic Bank from $95.00 to $100.00 and gave the stock a “market perform” rating in a research note on Tuesday. UBS Group assumed coverage on shares of First Republic Bank in a research note on Wednesday, March 21st. They set a “neutral” rating and a $100.00 price objective for the company. Zacks Investment Research upgraded shares of First Republic Bank from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 20th. Finally, Barclays upgraded shares of First Republic Bank from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $93.00 to $110.00 in a research note on Tuesday, March 6th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $101.08.

Shares of NYSE:FRC opened at $96.45 on Thursday. First Republic Bank has a 52-week low of $84.56 and a 52-week high of $105.52. The stock has a market capitalization of $15.48 billion, a P/E ratio of 22.15, a PEG ratio of 1.61 and a beta of 0.85. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.97 and a quick ratio of 0.96.

First Republic Bank (NYSE:FRC) last issued its earnings results on Friday, April 13th. The bank reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.07. First Republic Bank had a net margin of 25.33% and a return on equity of 11.76%. The business had revenue of $720.90 million during the quarter, compared to the consensus estimate of $732.68 million. During the same period last year, the business posted $1.01 EPS. First Republic Bank’s revenue was up 10.9% on a year-over-year basis. sell-side analysts expect that First Republic Bank will post 4.8 EPS for the current year.

First Republic Bank Company Profile

First Republic Bank, together with its subsidiaries, provides private banking, private business banking, real estate lending, and wealth management services to clients in metropolitan areas of the United States. It operates through two segments, Commercial Banking and Wealth Management. The company offers deposit products, such as checking, money market checking, savings, and passbook deposits, as well as certificates of deposit.

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

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