Public Employees Retirement System of Ohio boosted its position in shares of FIRST REPUBLIC BANK (NYSE:FRC) by 3.1% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 251,943 shares of the bank’s stock after buying an additional 7,489 shares during the period. Public Employees Retirement System of Ohio owned 0.16% of FIRST REPUBLIC BANK worth $23,635,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Cambridge Trust Co. boosted its stake in shares of FIRST REPUBLIC BANK by 31.2% in the first quarter. Cambridge Trust Co. now owns 8,199 shares of the bank’s stock worth $769,000 after buying an additional 1,948 shares during the period. Bank of Nova Scotia purchased a new stake in shares of FIRST REPUBLIC BANK during the first quarter worth approximately $483,000. Janus Capital Management LLC boosted its stake in shares of FIRST REPUBLIC BANK by 4.9% in the first quarter. Janus Capital Management LLC now owns 709,320 shares of the bank’s stock worth $66,541,000 after buying an additional 32,900 shares during the period. Colony Group LLC boosted its stake in shares of FIRST REPUBLIC BANK by 2.1% in the first quarter. Colony Group LLC now owns 25,670 shares of the bank’s stock worth $2,408,000 after buying an additional 523 shares during the period. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its stake in shares of FIRST REPUBLIC BANK by 20.7% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,466 shares of the bank’s stock worth $419,000 after buying an additional 766 shares during the period. 98.62% of the stock is owned by hedge funds and other institutional investors.

FIRST REPUBLIC BANK (NYSE FRC) traded up 1.98% on Wednesday, reaching $100.86. The company’s stock had a trading volume of 203,383 shares. FIRST REPUBLIC BANK has a one year low of $63.97 and a one year high of $101.99. The company has a market capitalization of $15.86 billion, a PE ratio of 25.16 and a beta of 1.02. The firm has a 50-day moving average of $94.76 and a 200-day moving average of $93.36.

FIRST REPUBLIC BANK (NYSE:FRC) last released its earnings results on Thursday, April 13th. The bank reported $1.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.01. FIRST REPUBLIC BANK had a return on equity of 12.16% and a net margin of 27.99%. The firm had revenue of $601.14 million for the quarter, compared to the consensus estimate of $626.14 million. During the same period in the prior year, the firm earned $0.88 EPS. Analysts predict that FIRST REPUBLIC BANK will post $4.51 EPS for the current year.

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Several research analysts recently issued reports on the company. Wedbush assumed coverage on FIRST REPUBLIC BANK in a research report on Tuesday. They set an “outperform” rating and a $121.00 target price on the stock. Zacks Investment Research raised FIRST REPUBLIC BANK from a “sell” rating to a “hold” rating in a research report on Wednesday, June 21st. Jefferies Group LLC reaffirmed a “buy” rating and set a $109.00 target price on shares of FIRST REPUBLIC BANK in a research report on Sunday, June 11th. BidaskClub raised FIRST REPUBLIC BANK from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, Morgan Stanley cut their price objective on FIRST REPUBLIC BANK from $102.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Tuesday, June 6th. Nine investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $101.14.

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.

Institutional Ownership by Quarter for FIRST REPUBLIC BANK (NYSE:FRC)

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