First Republic Bank (FRC) Holdings Lifted by Hall Laurie J Trustee

Hall Laurie J Trustee raised its holdings in shares of First Republic Bank (NYSE:FRC) by 160.0% in the first quarter, Holdings Channel reports. The firm owned 650 shares of the bank’s stock after buying an additional 400 shares during the quarter. Hall Laurie J Trustee’s holdings in First Republic Bank were worth $65,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Pearl River Capital LLC purchased a new position in shares of First Republic Bank during the 4th quarter worth approximately $26,000. Destination Wealth Management purchased a new position in shares of First Republic Bank during the 1st quarter worth approximately $32,000. Carroll Financial Associates Inc. grew its holdings in shares of First Republic Bank by 112.6% during the 1st quarter. Carroll Financial Associates Inc. now owns 404 shares of the bank’s stock worth $40,000 after acquiring an additional 214 shares during the period. Portfolio Solutions LLC purchased a new position in shares of First Republic Bank during the 4th quarter worth approximately $43,000. Finally, First Personal Financial Services grew its holdings in shares of First Republic Bank by 61.5% during the 1st quarter. First Personal Financial Services now owns 507 shares of the bank’s stock worth $51,000 after acquiring an additional 193 shares during the period.

First Republic Bank stock opened at $105.16 on Tuesday. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $16.65 billion, a P/E ratio of 21.86, a P/E/G ratio of 1.65 and a beta of 0.92. First Republic Bank has a twelve month low of $79.42 and a twelve month high of $107.75.

First Republic Bank (NYSE:FRC) last posted its quarterly earnings results on Friday, April 12th. The bank reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.04. The company had revenue of $807.36 million for the quarter, compared to the consensus estimate of $813.99 million. First Republic Bank had a return on equity of 11.56% and a net margin of 23.61%. During the same quarter in the prior year, the business posted $1.13 EPS. On average, analysts expect that First Republic Bank will post 5.28 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, April 25th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, April 24th. This represents a $0.76 annualized dividend and a dividend yield of 0.72%. This is an increase from First Republic Bank’s previous quarterly dividend of $0.18. First Republic Bank’s dividend payout ratio is presently 15.80%.

A number of research analysts have weighed in on FRC shares. BMO Capital Markets upped their target price on First Republic Bank from $95.00 to $111.00 and gave the stock a “market perform” rating in a report on Friday, March 15th. ValuEngine upgraded First Republic Bank from a “hold” rating to a “buy” rating in a report on Wednesday, January 16th. Raymond James downgraded First Republic Bank from an “outperform” rating to a “market perform” rating in a report on Monday, January 7th. Atlantic Securities downgraded First Republic Bank from an “overweight” rating to a “neutral” rating and set a $104.98 target price on the stock. in a report on Friday, March 1st. Finally, Bank of America downgraded First Republic Bank from a “buy” rating to a “neutral” rating in a report on Thursday, January 10th. They noted that the move was a valuation call. Eleven research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $104.54.

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

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