CAM Group Holding A S raised its stake in First Republic Bank (NYSE:FRC) by 2.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,008,028 shares of the company’s stock after buying an additional 49,558 shares during the period. First Republic Bank accounts for 2.7% of CAM Group Holding A S’s portfolio, making the stock its 15th largest position. CAM Group Holding A S owned about 1.34% of First Republic Bank worth $140,542,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sand Hill Global Advisors LLC boosted its position in shares of First Republic Bank by 2.0% in the first quarter. Sand Hill Global Advisors LLC now owns 65,828 shares of the company’s stock valued at $4,387,000 after buying an additional 1,299 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in shares of First Republic Bank by 0.7% in the first quarter. Loomis Sayles & Co. L P now owns 34,120 shares of the company’s stock valued at $2,274,000 after buying an additional 226 shares in the last quarter. AXA boosted its position in shares of First Republic Bank by 24.2% in the first quarter. AXA now owns 11,807 shares of the company’s stock valued at $787,000 after buying an additional 2,300 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in shares of First Republic Bank by 5.9% in the first quarter. UBS Asset Management Americas Inc. now owns 427,069 shares of the company’s stock valued at $28,459,000 after buying an additional 23,724 shares in the last quarter. Finally, Rafferty Asset Management LLC boosted its position in shares of First Republic Bank by 47.9% in the first quarter. Rafferty Asset Management LLC now owns 19,053 shares of the company’s stock valued at $1,270,000 after buying an additional 6,172 shares in the last quarter. 98.21% of the stock is currently owned by hedge funds and other institutional investors.

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

First Republic Bank (NYSE:FRC) traded up 1.49% during trading on Tuesday, hitting $74.28. The stock had a trading volume of 738,818 shares. First Republic Bank has a 52-week low of $56.32 and a 52-week high of $79.15. The stock’s 50-day moving average is $76.61 and its 200-day moving average is $71.81. The stock has a market capitalization of $11.13 billion, a PE ratio of 20.85 and a beta of 1.06.

First Republic Bank (NYSE:FRC) last released its earnings results on Thursday, October 13th. The company reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.01. First Republic Bank had a return on equity of 12.95% and a net margin of 27.68%. The business had revenue of $557.90 million for the quarter, compared to analyst estimates of $592.65 million. During the same quarter last year, the firm posted $0.79 earnings per share. The business’s revenue was up 10.6% compared to the same quarter last year. On average, analysts predict that First Republic Bank will post $3.91 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 10th. Shareholders 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 0.86%. First Republic Bank’s payout ratio is 17.34%.

Several research analysts have recently issued reports on FRC shares. Zacks Investment Research cut shares of First Republic Bank from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Keefe, Bruyette & Woods restated a “hold” rating on shares of First Republic Bank in a report on Sunday, July 17th. Barclays PLC set a $81.00 target price on shares of First Republic Bank and gave the stock a “buy” rating in a report on Saturday. Maxim Group raised their target price on shares of First Republic Bank from $83.00 to $86.00 and gave the stock a “buy” rating in a report on Friday. Finally, Deutsche Bank AG lifted their price target on shares of First Republic Bank from $83.00 to $85.00 and gave the company a “hold” rating in a report on Tuesday, October 11th. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $77.00.

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

Receive News & Stock Ratings for First Republic Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Republic Bank and related stocks with our FREE daily email newsletter.