First Republic Bank (NYSE:FRC) – Equities researchers at FIG Partners dropped their Q1 2018 earnings estimates for shares of First Republic Bank in a note issued to investors on Wednesday. FIG Partners analyst T. Coffey now anticipates that the bank will post earnings per share of $1.08 for the quarter, down from their previous estimate of $1.46. FIG Partners also issued estimates for First Republic Bank’s Q2 2018 earnings at $1.13 EPS, Q3 2018 earnings at $1.20 EPS, Q4 2018 earnings at $1.24 EPS, FY2018 earnings at $4.67 EPS, Q1 2019 earnings at $1.26 EPS, Q3 2019 earnings at $1.44 EPS and Q4 2019 earnings at $1.52 EPS.

First Republic Bank (NYSE:FRC) last released its quarterly earnings results on Tuesday, January 16th. The bank reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.15 by ($0.05). The firm had revenue of $699.20 million for the quarter, compared to the consensus estimate of $688.48 million. First Republic Bank had a net margin of 26.02% and a return on equity of 11.80%. First Republic Bank’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.03 earnings per share.

Several other research firms have also recently weighed in on FRC. Barclays cut First Republic Bank from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $108.00 to $104.00 in a report on Tuesday, October 10th. Royal Bank of Canada reissued a “hold” rating on shares of First Republic Bank in a report on Friday, September 29th. Jefferies Group increased their price target on First Republic Bank from $109.00 to $120.00 and gave the company a “buy” rating in a report on Friday, September 29th. Zacks Investment Research cut First Republic Bank from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, Raymond James Financial lowered their price target on First Republic Bank from $108.00 to $105.00 and set an “outperform” rating on the stock in a report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. First Republic Bank has a consensus rating of “Hold” and an average price target of $102.21.

First Republic Bank (NYSE:FRC) opened at $85.97 on Friday. The firm has a market capitalization of $13,945.67, a price-to-earnings ratio of 19.95, a PEG ratio of 1.41 and a beta of 0.96. 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 has a twelve month low of $84.56 and a twelve month high of $105.52.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 8th. Investors of record on Thursday, January 25th will be issued a $0.17 dividend. The ex-dividend date is Wednesday, January 24th. This represents a $0.68 dividend on an annualized basis and a yield of 0.79%. First Republic Bank’s dividend payout ratio is currently 15.78%.

A number of institutional investors have recently made changes to their positions in the stock. D.A. Davidson & CO. increased its stake in First Republic Bank by 3.2% in the 2nd quarter. D.A. Davidson & CO. now owns 2,612 shares of the bank’s stock worth $261,000 after buying an additional 81 shares in the last quarter. Toronto Dominion Bank increased its stake in First Republic Bank by 8.9% in the 2nd quarter. Toronto Dominion Bank now owns 2,117 shares of the bank’s stock worth $212,000 after buying an additional 173 shares in the last quarter. Colony Group LLC increased its stake in First Republic Bank by 0.9% in the 2nd quarter. Colony Group LLC now owns 25,889 shares of the bank’s stock worth $2,591,000 after buying an additional 219 shares in the last quarter. National Asset Management Inc. increased its stake in First Republic Bank by 10.4% in the 2nd quarter. National Asset Management Inc. now owns 5,001 shares of the bank’s stock worth $503,000 after buying an additional 472 shares in the last quarter. Finally, Whittier Trust Co. increased its stake in First Republic Bank by 2.0% in the 3rd quarter. Whittier Trust Co. now owns 26,816 shares of the bank’s stock worth $2,801,000 after buying an additional 516 shares in the last quarter. 98.75% of the stock is currently owned by institutional investors.

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First Republic Bank Company 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.

Earnings History and Estimates for First Republic Bank (NYSE:FRC)

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