Dana Investment Advisors Inc. trimmed its position in shares of First Republic Bank (NYSE:FRC) by 2.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,658 shares of the bank’s stock after selling 561 shares during the quarter. Dana Investment Advisors Inc.’s holdings in First Republic Bank were worth $1,949,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC increased its holdings in shares of First Republic Bank by 21.4% during the second quarter. Parallel Advisors LLC now owns 1,317 shares of the bank’s stock valued at $132,000 after acquiring an additional 232 shares in the last quarter. Zions Bancorporation acquired a new position in shares of First Republic Bank during the third quarter valued at about $160,000. Peddock Capital Advisors LLC acquired a new position in shares of First Republic Bank during the second quarter valued at about $180,000. Bronfman E.L. Rothschild L.P. increased its holdings in shares of First Republic Bank by 0.3% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,953 shares of the bank’s stock valued at $195,000 after acquiring an additional 5 shares in the last quarter. Finally, Mawer Investment Management Ltd. acquired a new position in shares of First Republic Bank during the third quarter valued at about $209,000. 99.14% of the stock is owned by institutional investors and hedge funds.

First Republic Bank (FRC) opened at $88.54 on Friday. First Republic Bank has a fifty-two week low of $87.91 and a fifty-two week high of $105.52. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.95 and a quick ratio of 0.94. The firm has a market cap of $14,010.35, a P/E ratio of 20.95, a P/E/G ratio of 1.64 and a beta of 0.96.

First Republic Bank (NYSE:FRC) last issued its quarterly earnings results on Friday, October 13th. The bank reported $1.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.02). First Republic Bank had a return on equity of 12.06% and a net margin of 26.85%. The business had revenue of $670.30 million during the quarter, compared to analyst estimates of $678.25 million. During the same quarter last year, the company posted $1.00 EPS. First Republic Bank’s quarterly revenue was up 20.1% compared to the same quarter last year. analysts expect that First Republic Bank will post 4.41 earnings per share for the current year.

Several equities analysts have recently issued reports on FRC shares. Zacks Investment Research downgraded shares of First Republic Bank from a “hold” rating to a “sell” rating in a report on Monday, September 18th. Jefferies Group restated a “buy” rating and set a $111.00 price objective on shares of First Republic Bank in a report on Thursday, October 19th. Piper Jaffray Companies restated a “hold” rating and set a $99.00 price objective on shares of First Republic Bank in a report on Friday, September 1st. Raymond James Financial cut their price objective on shares of First Republic Bank from $108.00 to $105.00 and set an “outperform” rating on the stock in a report on Monday, October 16th. Finally, Barclays set a $102.00 price objective on shares of First Republic Bank and gave the company a “hold” rating in a report on Monday, October 16th. One analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the stock. First Republic Bank has a consensus rating of “Hold” and an average price target of $103.07.

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First Republic Bank Profile

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.

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

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