Wall Street brokerages expect that First Republic Bank (NYSE:FRC) will report earnings per share of $1.05 for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for First Republic Bank’s earnings, with estimates ranging from $1.01 to $1.08. First Republic Bank reported earnings per share of $1.01 in the same quarter last year, which would suggest a positive year over year growth rate of 4%. The company is expected to report its next earnings report on Thursday, April 12th.

On average, analysts expect that First Republic Bank will report full-year earnings of $4.74 per share for the current financial year, with EPS estimates ranging from $4.65 to $4.85. For the next year, analysts anticipate that the company will post earnings of $5.54 per share, with EPS estimates ranging from $5.05 to $5.82. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover First Republic Bank.

First Republic Bank (NYSE:FRC) last announced its quarterly earnings results on Tuesday, January 16th. The bank reported $1.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.05). The company had revenue of $699.20 million during the quarter, compared to the consensus estimate of $688.48 million. First Republic Bank had a net margin of 26.02% and a return on equity of 11.80%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 EPS.

Several brokerages have weighed in on FRC. Maxim Group restated a “buy” rating and set a $110.00 price objective on shares of First Republic Bank in a research note on Thursday, January 4th. Jefferies Group restated a “buy” rating and issued a $111.00 price target on shares of First Republic Bank in a research report on Thursday, October 19th. Morgan Stanley restated an “equal weight” rating and issued a $106.00 price target on shares of First Republic Bank in a research report on Thursday, December 14th. Barclays upped their price target on First Republic Bank from $98.00 to $101.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 2nd. Finally, Sandler O’Neill restated a “hold” rating and issued a $94.00 price target on shares of First Republic Bank in a research report on Wednesday, January 17th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $101.54.

A number of institutional investors have recently modified their holdings of the stock. Cerebellum GP LLC purchased a new stake in First Republic Bank during the 4th quarter worth $127,000. Zions Bancorporation acquired a new stake in shares of First Republic Bank during the 3rd quarter worth approximately $160,000. Intrust Bank NA acquired a new stake in shares of First Republic Bank during the 4th quarter worth approximately $203,000. Mawer Investment Management Ltd. acquired a new stake in shares of First Republic Bank during the 3rd quarter worth approximately $209,000. Finally, Cambridge Investment Research Advisors Inc. acquired a new stake in shares of First Republic Bank during the 3rd quarter worth approximately $209,000. Institutional investors own 98.59% of the company’s stock.

Shares of First Republic Bank (NYSE:FRC) traded up $0.81 during midday trading on Tuesday, reaching $89.58. 3,266,947 shares of the company were exchanged, compared to its average volume of 1,892,217. The company has a market cap of $14,131.87, a price-to-earnings ratio of 20.78, a PEG ratio of 1.48 and a beta of 0.91. First Republic Bank has a 1-year low of $84.56 and a 1-year high of $105.52. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.46.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 8th. Investors of record on Thursday, January 25th were given a $0.17 dividend. The ex-dividend date was Wednesday, January 24th. This represents a $0.68 annualized dividend and a yield of 0.76%. First Republic Bank’s payout ratio is 15.78%.

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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.

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

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