Ownership Capital B.V. Increases Stake in First Republic Bank (FRC)

Ownership Capital B.V. grew its holdings in shares of First Republic Bank (NYSE:FRC) by 0.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,129,055 shares of the bank’s stock after acquiring an additional 8,976 shares during the period. First Republic Bank comprises about 6.3% of Ownership Capital B.V.’s investment portfolio, making the stock its 5th biggest holding. Ownership Capital B.V.’s holdings in First Republic Bank were worth $108,389,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. SRS Capital Advisors Inc. acquired a new position in First Republic Bank in the third quarter worth about $100,000. Capital Advisors Ltd. LLC acquired a new position in First Republic Bank in the third quarter worth about $156,000. Cambridge Investment Research Advisors Inc. acquired a new position in First Republic Bank in the third quarter worth about $212,000. Visionary Asset Management Inc. acquired a new position in First Republic Bank in the second quarter worth about $225,000. Finally, Gofen & Glossberg LLC IL acquired a new position in First Republic Bank in the second quarter worth about $265,000.

Shares of FRC stock opened at $93.45 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.00 and a quick ratio of 1.00. First Republic Bank has a 52 week low of $84.47 and a 52 week high of $106.75. The company has a market capitalization of $14.72 billion, a price-to-earnings ratio of 21.68, a P/E/G ratio of 1.62 and a beta of 0.79.

First Republic Bank (NYSE:FRC) last issued its earnings results on Friday, October 12th. The bank reported $1.19 EPS for the quarter, missing the Zacks’ consensus estimate of $1.20 by ($0.01). First Republic Bank had a net margin of 24.05% and a return on equity of 11.47%. The company had revenue of $768.83 million during the quarter, compared to analyst estimates of $765.80 million. During the same quarter in the previous year, the firm earned $1.14 earnings per share. On average, analysts predict that First Republic Bank will post 4.74 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 8th. Shareholders of record on Thursday, October 25th were paid a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, October 24th. This represents a $0.72 dividend on an annualized basis and a yield of 0.77%. First Republic Bank’s payout ratio is currently 16.71%.

A number of equities analysts recently commented on the company. BMO Capital Markets lifted their price target on First Republic Bank from $96.00 to $102.00 and gave the stock a “market perform” rating in a research note on Friday, July 13th. Wedbush reiterated an “outperform” rating on shares of First Republic Bank in a research note on Friday, July 13th. Jefferies Financial Group reiterated a “hold” rating and issued a $96.00 price target on shares of First Republic Bank in a research note on Monday, July 16th. Raymond James set a $104.00 price target on First Republic Bank and gave the stock a “buy” rating in a research note on Monday, October 15th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $94.00 target price on shares of First Republic Bank in a research note on Tuesday, October 9th. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. First Republic Bank has a consensus rating of “Hold” and an average target price of $102.46.

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

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