First Republic Bank (NYSE:FRC) – Equities researchers at Jefferies Financial Group boosted their FY2019 earnings per share estimates for shares of First Republic Bank in a research note issued to investors on Wednesday, October 16th. Jefferies Financial Group analyst C. Haire now expects that the bank will post earnings of $5.12 per share for the year, up from their previous estimate of $4.91. Jefferies Financial Group also issued estimates for First Republic Bank’s Q4 2019 earnings at $1.31 EPS, Q1 2020 earnings at $1.25 EPS, Q2 2020 earnings at $1.29 EPS, Q3 2020 earnings at $1.37 EPS, Q4 2020 earnings at $1.39 EPS, FY2020 earnings at $5.30 EPS, Q1 2021 earnings at $1.36 EPS, Q2 2021 earnings at $1.39 EPS, Q3 2021 earnings at $1.50 EPS and FY2021 earnings at $5.80 EPS.

FRC has been the subject of a number of other reports. Bank of America lifted their price objective on First Republic Bank from $99.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. BMO Capital Markets lifted their price objective on First Republic Bank from $97.00 to $103.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 16th. They noted that the move was a valuation call. UBS Group lifted their price objective on First Republic Bank from $100.00 to $105.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 16th. Maxim Group raised their target price on First Republic Bank from $110.00 to $116.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Finally, Credit Suisse Group reduced their target price on First Republic Bank from $105.00 to $98.00 and set a “neutral” rating on the stock in a report on Thursday, July 18th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $104.69.

Shares of FRC stock opened at $104.89 on Monday. The stock has a 50-day moving average price of $95.43 and a 200 day moving average price of $97.79. The company has a quick ratio of 1.01, a current ratio of 1.02 and a debt-to-equity ratio of 1.43. The firm has a market cap of $17.40 billion, a price-to-earnings ratio of 21.81, a PEG ratio of 3.52 and a beta of 0.89. First Republic Bank has a 12 month low of $79.42 and a 12 month high of $107.75.

First Republic Bank (NYSE:FRC) last announced its quarterly earnings data on Tuesday, October 15th. The bank reported $1.31 EPS for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.10. The firm had revenue of $837.19 million during the quarter, compared to analyst estimates of $830.60 million. First Republic Bank had a return on equity of 11.23% and a net margin of 22.69%. During the same period last year, the company earned $1.19 earnings per share.

A number of institutional investors and hedge funds have recently modified their holdings of the business. KAMES CAPITAL plc lifted its stake in First Republic Bank by 2.2% in the 3rd quarter. KAMES CAPITAL plc now owns 382,170 shares of the bank’s stock valued at $36,948,000 after acquiring an additional 8,392 shares in the last quarter. Whittier Trust Co. lifted its stake in First Republic Bank by 1.1% in the 3rd quarter. Whittier Trust Co. now owns 33,888 shares of the bank’s stock valued at $3,277,000 after acquiring an additional 363 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in First Republic Bank by 17.2% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 6,771 shares of the bank’s stock valued at $655,000 after acquiring an additional 994 shares in the last quarter. Robecosam AG lifted its stake in First Republic Bank by 3.8% in the 3rd quarter. Robecosam AG now owns 69,648 shares of the bank’s stock valued at $6,796,000 after acquiring an additional 2,575 shares in the last quarter. Finally, NEXT Financial Group Inc lifted its stake in First Republic Bank by 21.6% in the 3rd quarter. NEXT Financial Group Inc now owns 6,087 shares of the bank’s stock valued at $589,000 after acquiring an additional 1,080 shares in the last quarter.

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Wednesday, October 30th. First Republic Bank’s dividend payout ratio (DPR) is currently 15.80%.

First Republic Bank Company Profile

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 in 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, passbook deposits, and individual retirement accounts, as well as certificates of deposit.

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

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