First Republic Bank (NYSE:FRC) – Equities research analysts at FBR & Co lifted their Q1 2017 EPS estimates for shares of First Republic Bank in a report issued on Friday. FBR & Co analyst P. Miller now expects that the firm will post earnings per share of $1.02 for the quarter, up from their prior forecast of $1.00. FBR & Co currently has a “Mkt Perform” rating and a $80.00 target price on the stock. FBR & Co also issued estimates for First Republic Bank’s Q3 2017 earnings at $1.11 EPS, Q4 2017 earnings at $1.13 EPS and FY2017 earnings at $4.35 EPS.

Several other research analysts have also weighed in on FRC. Jefferies Group reiterated a “buy” rating and issued a $80.00 price objective on shares of First Republic Bank in a research note on Thursday, July 7th. BMO Capital Markets reiterated a “hold” rating and issued a $70.00 price objective on shares of First Republic Bank in a research note on Thursday, July 7th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of First Republic Bank in a research note on Saturday, July 9th. Keefe, Bruyette & Woods upped their price objective on shares of First Republic Bank from $70.00 to $73.00 and gave the company a “market perform” rating in a research note on Friday, July 15th. Finally, Zacks Investment Research upgraded shares of First Republic Bank from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research note on Tuesday, July 19th. Six research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $77.00.

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

First Republic Bank (NYSE:FRC) opened at 73.32 on Monday. The firm has a market cap of $10.99 billion, a price-to-earnings ratio of 20.58 and a beta of 1.06. First Republic Bank has a one year low of $56.32 and a one year high of $79.15. The firm has a 50-day moving average of $76.66 and a 200-day moving average of $71.69.

First Republic Bank (NYSE:FRC) last issued its quarterly earnings data on Thursday, October 13th. The company reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.01. First Republic Bank had a net margin of 27.68% and a return on equity of 12.95%. The firm had revenue of $557.90 million for the quarter, compared to analyst estimates of $592.65 million. During the same quarter in the previous year, the business posted $0.79 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 10th. Investors of record on Thursday, October 27th will be paid a $0.16 dividend. The ex-dividend date is Tuesday, October 25th. This represents a $0.64 dividend on an annualized basis and a yield of 0.87%. First Republic Bank’s payout ratio is presently 17.34%.

Hedge funds have recently modified their holdings of the stock. First Republic Investment Management Inc. increased its stake in shares of First Republic Bank by 99.6% in the first quarter. First Republic Investment Management Inc. now owns 764,592 shares of the company’s stock worth $50,953,000 after buying an additional 381,494 shares during the period. Ownership Capital B.V. increased its stake in shares of First Republic Bank by 15.0% in the second quarter. Ownership Capital B.V. now owns 851,341 shares of the company’s stock worth $59,585,000 after buying an additional 111,328 shares during the period. GW&K Investment Management LLC increased its stake in shares of First Republic Bank by 9.7% in the second quarter. GW&K Investment Management LLC now owns 362,397 shares of the company’s stock worth $25,364,000 after buying an additional 32,104 shares during the period. Hartford Investment Management Co. increased its stake in shares of First Republic Bank by 34.0% in the second quarter. Hartford Investment Management Co. now owns 4,156 shares of the company’s stock worth $291,000 after buying an additional 1,054 shares during the period. Finally, Pacific Heights Asset Management LLC bought a new stake in shares of First Republic Bank during the second quarter worth $11,338,000. 98.21% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:FRC

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