Analysts expect that First Republic Bank (NYSE:FRC) will post $813.41 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for First Republic Bank’s earnings, with the lowest sales estimate coming in at $800.80 million and the highest estimate coming in at $825.50 million. First Republic Bank posted sales of $720.86 million in the same quarter last year, which suggests a positive year-over-year growth rate of 12.8%. The business is scheduled to issue its next earnings report on Friday, April 12th.

On average, analysts expect that First Republic Bank will report full-year sales of $3.45 billion for the current financial year, with estimates ranging from $3.38 billion to $3.49 billion. For the next financial year, analysts forecast that the company will report sales of $3.92 billion, with estimates ranging from $3.78 billion to $4.08 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow First Republic Bank.

First Republic Bank (NYSE:FRC) last issued its quarterly earnings results on Tuesday, January 15th. The bank reported $1.29 EPS for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.05. First Republic Bank had a return on equity of 11.62% and a net margin of 23.88%. The company had revenue of $810.75 million during the quarter, compared to the consensus estimate of $812.10 million. During the same period last year, the business posted $1.10 earnings per share. First Republic Bank’s revenue was up 16.0% on a year-over-year basis.

A number of equities analysts have recently commented on FRC shares. Morgan Stanley cut their price target on First Republic Bank from $99.00 to $95.00 and set an “equal weight” rating for the company in a report on Tuesday, December 11th. Stephens raised First Republic Bank from an “equal weight” rating to an “overweight” rating in a report on Thursday, December 20th. Robert W. Baird started coverage on First Republic Bank in a report on Thursday, December 20th. They issued a “neutral” rating and a $92.00 price target for the company. Wells Fargo & Co raised First Republic Bank from a “market perform” rating to an “outperform” rating and set a $87.50 price target for the company in a report on Wednesday, January 2nd. Finally, Raymond James lowered First Republic Bank from an “outperform” rating to a “market perform” rating in a report on Monday, January 7th. Twelve analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $101.93.

First Republic Bank stock opened at $102.92 on Tuesday. First Republic Bank has a one year low of $79.42 and a one year high of $106.75. The company has a debt-to-equity ratio of 1.34, a current ratio of 0.99 and a quick ratio of 0.99. The firm has a market capitalization of $16.22 billion, a PE ratio of 21.40, a P/E/G ratio of 1.55 and a beta of 0.93.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 14th. Investors of record on Thursday, January 31st were given a $0.18 dividend. The ex-dividend date was Wednesday, January 30th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.70%. First Republic Bank’s dividend payout ratio (DPR) is presently 14.97%.

Several hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new position in shares of First Republic Bank in the fourth quarter worth about $103,154,000. Nordea Investment Management AB increased its holdings in shares of First Republic Bank by 17.9% in the fourth quarter. Nordea Investment Management AB now owns 435,755 shares of the bank’s stock worth $37,867,000 after buying an additional 66,093 shares during the period. Amalgamated Bank increased its holdings in shares of First Republic Bank by 12.1% in the fourth quarter. Amalgamated Bank now owns 20,081 shares of the bank’s stock worth $1,745,000 after buying an additional 2,172 shares during the period. CI Investments Inc. increased its holdings in shares of First Republic Bank by 16.1% in the fourth quarter. CI Investments Inc. now owns 372,900 shares of the bank’s stock worth $32,405,000 after buying an additional 51,600 shares during the period. Finally, National Pension Service increased its holdings in shares of First Republic Bank by 4.7% in the fourth quarter. National Pension Service now owns 189,748 shares of the bank’s stock worth $18,888,000 after buying an additional 8,507 shares during the period.

About First Republic Bank

First Republic Bank, together with its subsidiaries, provides private banking, private business banking, real estate lending, and wealth management services to clients in metropolitan areas of the United States. It operates through two segments, Commercial Banking and Wealth Management. The company offers deposit products, such as checking, money market checking, savings, and passbook deposits, as well as certificates of deposit.

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

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