Williams Jones & Associates LLC grew its position in First Republic Bank (NYSE:FRC) by 9.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 9,277 shares of the bank’s stock after acquiring an additional 802 shares during the period. Williams Jones & Associates LLC’s holdings in First Republic Bank were worth $929,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in FRC. Mutual of America Capital Management LLC lifted its stake in shares of First Republic Bank by 20.0% in the 1st quarter. Mutual of America Capital Management LLC now owns 8,956 shares of the bank’s stock valued at $840,000 after acquiring an additional 1,492 shares during the last quarter. Oxford Asset Management bought a new position in shares of First Republic Bank in the 1st quarter valued at $330,000. Raymond James Financial Services Advisors Inc. lifted its stake in shares of First Republic Bank by 2.6% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 9,524 shares of the bank’s stock valued at $893,000 after acquiring an additional 240 shares during the last quarter. Pacer Advisors Inc. lifted its stake in shares of First Republic Bank by 3.3% in the 1st quarter. Pacer Advisors Inc. now owns 2,725 shares of the bank’s stock valued at $256,000 after acquiring an additional 88 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of First Republic Bank by 46.9% in the 1st quarter. Prudential Financial Inc. now owns 8,208 shares of the bank’s stock valued at $770,000 after acquiring an additional 2,620 shares during the last quarter. Institutional investors own 97.73% of the company’s stock.

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Shares of First Republic Bank (NYSE FRC) traded down 0.19% during mid-day trading on Thursday, reaching $104.31. The company’s stock had a trading volume of 74,272 shares. First Republic Bank has a 12 month low of $72.40 and a 12 month high of $105.52. The firm has a market cap of $16.46 billion, a price-to-earnings ratio of 25.45 and a beta of 1.01. The company’s 50-day moving average is $98.43 and its 200 day moving average is $96.75.

First Republic Bank (NYSE:FRC) last posted its quarterly earnings results on Friday, July 14th. The bank reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.03). The business had revenue of $641.30 million during the quarter, compared to the consensus estimate of $671.27 million. First Republic Bank had a return on equity of 12.16% and a net margin of 27.37%. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.97 earnings per share. On average, equities analysts anticipate that First Republic Bank will post $4.46 EPS for the current year.

A number of research analysts have recently commented on FRC shares. BidaskClub upgraded First Republic Bank from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Jefferies Group LLC reiterated a “buy” rating and issued a $109.00 price target on shares of First Republic Bank in a research note on Sunday, June 11th. Wedbush reiterated an “outperform” rating and issued a $121.00 price target on shares of First Republic Bank in a research note on Tuesday, June 27th. Morgan Stanley reiterated an “equal weight” rating and issued a $104.00 price target (up from $102.00) on shares of First Republic Bank in a research note on Thursday, July 6th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and set a $98.00 target price on shares of First Republic Bank in a research report on Friday, July 7th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $105.42.

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.

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

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