First Republic Bank (NYSE:FRC) – Stock analysts at Jefferies Group lowered their Q2 2018 earnings per share (EPS) estimates for First Republic Bank in a research note issued to investors on Tuesday. Jefferies Group analyst C. Haire now anticipates that the bank will post earnings per share of $1.11 for the quarter, down from their previous estimate of $1.14. Jefferies Group currently has a “Hold” rating on the stock.

A number of other research firms also recently issued reports on FRC. Barclays downgraded shares of First Republic Bank from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $108.00 to $104.00 in a research report on Tuesday, October 10th. Royal Bank of Canada reiterated a “hold” rating on shares of First Republic Bank in a research report on Friday, September 29th. Zacks Investment Research downgraded shares of First Republic Bank from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Raymond James Financial reduced their price target on shares of First Republic Bank from $108.00 to $105.00 and set an “outperform” rating for the company in a research report on Monday, October 16th. Finally, Wells Fargo & Co reduced their price target on shares of First Republic Bank from $100.00 to $95.00 and set a “market perform” rating for the company in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $102.21.

Shares of First Republic Bank (NYSE:FRC) opened at $89.93 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 debt-to-equity ratio of 1.46, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $13,562.33, a P/E ratio of 20.87, a PEG ratio of 1.39 and a beta of 0.96.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 8th. Investors of record on Thursday, January 25th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, January 24th. This represents a $0.68 annualized dividend and a dividend yield of 0.76%. First Republic Bank’s dividend payout ratio is currently 15.78%.

Institutional investors have recently modified their holdings of the stock. Crossmark Global Holdings Inc. acquired a new position in shares of First Republic Bank during the 3rd quarter worth approximately $388,000. California Capital Advisors Inc. acquired a new position in shares of First Republic Bank during the 3rd quarter worth approximately $639,000. Prudential PLC raised its position in shares of First Republic Bank by 77.1% during the 2nd quarter. Prudential PLC now owns 97,173 shares of the bank’s stock worth $9,727,000 after purchasing an additional 42,315 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in shares of First Republic Bank during the 3rd quarter worth approximately $554,000. Finally, Toronto Dominion Bank raised its position in shares of First Republic Bank by 213.7% during the 3rd quarter. Toronto Dominion Bank now owns 6,642 shares of the bank’s stock worth $694,000 after purchasing an additional 4,525 shares during the last quarter. Hedge funds and other institutional investors own 98.75% of the company’s stock.

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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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