First Republic Bank (NYSE:FRC) – Investment analysts at FIG Partners increased their Q1 2019 earnings estimates for shares of First Republic Bank in a research report issued to clients and investors on Thursday. FIG Partners analyst T. Coffey now expects that the bank will post earnings of $1.42 per share for the quarter, up from their previous estimate of $1.41. FIG Partners also issued estimates for First Republic Bank’s Q2 2019 earnings at $1.48 EPS and FY2019 earnings at $5.91 EPS.

Other analysts also recently issued research reports about the company. Jefferies Group lifted their price target on First Republic Bank from $109.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, September 29th. Barclays downgraded First Republic Bank from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $108.00 to $104.00 in a research report on Tuesday, October 10th. Piper Jaffray Companies set a $99.00 target price on First Republic Bank and gave the company a “hold” rating in a research report on Sunday, October 15th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $87.00 target price on shares of First Republic Bank in a research report on Friday, October 13th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating on shares of First Republic Bank in a research report on Friday, September 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $102.93.

Shares of First Republic Bank (NYSE:FRC) opened at $95.68 on Friday. First Republic Bank has a 12 month low of $82.64 and a 12 month high of $105.52. The stock has a market capitalization of $15,072.06, a PE ratio of 22.53, a price-to-earnings-growth ratio of 1.78 and a beta of 0.96. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 1.55.

First Republic Bank (NYSE:FRC) last released its quarterly earnings results on Friday, October 13th. The bank reported $1.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.02). First Republic Bank had a net margin of 26.85% and a return on equity of 12.06%. The firm had revenue of $670.30 million during the quarter, compared to analyst estimates of $678.25 million. During the same period in the prior year, the business earned $1.00 EPS. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Thursday, October 26th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date was Wednesday, October 25th. First Republic Bank’s dividend payout ratio is currently 16.04%.

Several large investors have recently added to or reduced their stakes in the stock. Capstone Asset Management Co. grew its holdings in First Republic Bank by 10.1% during the second quarter. Capstone Asset Management Co. now owns 3,712 shares of the bank’s stock worth $372,000 after purchasing an additional 340 shares during the period. Creative Planning grew its holdings in First Republic Bank by 21.3% during the second quarter. Creative Planning now owns 1,407 shares of the bank’s stock worth $141,000 after purchasing an additional 247 shares during the period. IBM Retirement Fund grew its holdings in First Republic Bank by 34.1% during the second quarter. IBM Retirement Fund now owns 2,294 shares of the bank’s stock worth $230,000 after purchasing an additional 583 shares during the period. Bbva Compass Bancshares Inc. bought a new position in First Republic Bank during the second quarter worth about $762,000. Finally, Tokio Marine Asset Management Co. Ltd. grew its holdings in First Republic Bank by 1.9% during the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 90,179 shares of the bank’s stock worth $9,027,000 after purchasing an additional 1,679 shares during the period.

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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.

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

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