State of Wisconsin Investment Board reduced its position in shares of First Republic Bank (NYSE:FRC) by 18.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 86,735 shares of the bank’s stock after selling 19,088 shares during the quarter. State of Wisconsin Investment Board owned about 0.05% of First Republic Bank worth $9,060,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Bronfman E.L. Rothschild L.P. raised its holdings in First Republic Bank by 0.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,953 shares of the bank’s stock worth $195,000 after purchasing an additional 5 shares during the last quarter. Alps Advisors Inc. raised its holdings in First Republic Bank by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 4,979 shares of the bank’s stock worth $498,000 after purchasing an additional 13 shares during the last quarter. Global X Management Co. LLC raised its holdings in First Republic Bank by 1.1% during the 2nd quarter. Global X Management Co. LLC now owns 5,935 shares of the bank’s stock worth $594,000 after purchasing an additional 62 shares during the last quarter. D.A. Davidson & CO. raised its holdings in First Republic Bank by 3.2% during the 2nd quarter. D.A. Davidson & CO. now owns 2,612 shares of the bank’s stock worth $261,000 after purchasing an additional 81 shares during the last quarter. Finally, World Asset Management Inc raised its holdings in First Republic Bank by 1.7% during the 2nd quarter. World Asset Management Inc now owns 6,776 shares of the bank’s stock worth $678,000 after purchasing an additional 115 shares during the last quarter. 98.40% of the stock is owned by hedge funds and other institutional investors.

First Republic Bank (NYSE:FRC) opened at $91.50 on Friday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.95 and a quick ratio of 0.94. First Republic Bank has a 12-month low of $80.55 and a 12-month high of $105.52. The stock has a market capitalization of $14,518.33, a P/E ratio of 21.70, a P/E/G ratio of 1.71 and a beta of 0.99.

First Republic Bank (NYSE:FRC) last issued its quarterly earnings data on Friday, October 13th. The bank reported $1.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.02). First Republic Bank had a net margin of 26.85% and a return on equity of 12.06%. The business had revenue of $670.30 million during the quarter, compared to analyst estimates of $678.25 million. During the same quarter in the prior year, the firm posted $1.00 earnings per share. First Republic Bank’s revenue for the quarter was up 20.1% compared to the same quarter last year. research analysts anticipate that First Republic Bank will post 4.37 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Thursday, October 26th were given a $0.17 dividend. The ex-dividend date was Wednesday, October 25th. This represents a $0.68 annualized dividend and a dividend yield of 0.74%. First Republic Bank’s dividend payout ratio is presently 16.04%.

FRC has been the subject of several recent research reports. BidaskClub cut First Republic Bank from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $90.00 price objective on shares of First Republic Bank in a report on Thursday, July 27th. Piper Jaffray Companies reissued a “hold” rating and set a $99.00 price objective on shares of First Republic Bank in a report on Friday, September 1st. Jefferies Group LLC reissued a “buy” rating and set a $109.00 price objective on shares of First Republic Bank in a report on Friday, September 15th. Finally, Zacks Investment Research cut First Republic Bank from a “hold” rating to a “sell” rating in a report on Monday, September 18th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $102.93.

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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.

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

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