First Republic Bank (NYSE:FRC) announced its earnings results on Friday. The bank reported $1.19 EPS for the quarter, missing the consensus estimate of $1.20 by ($0.01), MarketWatch Earnings reports. First Republic Bank had a return on equity of 11.73% and a net margin of 24.80%. During the same quarter last year, the firm earned $1.14 earnings per share.

FRC stock opened at $93.12 on Friday. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.59. The company has a market cap of $15.14 billion, a P/E ratio of 21.61, a P/E/G ratio of 1.64 and a beta of 0.84. First Republic Bank has a 52 week low of $84.56 and a 52 week high of $106.75.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 8th. Investors of record on Thursday, October 25th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.77%. First Republic Bank’s dividend payout ratio is currently 16.71%.

FRC has been the subject of several recent analyst reports. Royal Bank of Canada raised their target price on shares of First Republic Bank to $102.00 and gave the stock a “sector perform” rating in a report on Thursday, September 13th. They noted that the move was a valuation call. Jefferies Financial Group reiterated a “hold” rating and issued a $96.00 target price on shares of First Republic Bank in a report on Monday, July 16th. Wedbush reiterated an “outperform” rating on shares of First Republic Bank in a report on Friday, July 13th. BMO Capital Markets raised their price target on shares of First Republic Bank from $96.00 to $102.00 and gave the stock a “market perform” rating in a report on Friday, July 13th. Finally, Piper Jaffray Companies restated a “hold” rating and set a $94.00 price target on shares of First Republic Bank in a report on Tuesday. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. First Republic Bank presently has an average rating of “Hold” and a consensus target price of $102.54.

About First Republic Bank

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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Earnings History for First Republic Bank (NYSE:FRC)

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