First Republic Bank (NYSE:FRC) announced a quarterly dividend on Tuesday, July 16th, RTT News reports. Shareholders of record on Thursday, July 25th will be paid a dividend of 0.19 per share by the bank on Thursday, August 8th. This represents a $0.76 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Wednesday, July 24th.

First Republic Bank has raised its dividend payment by an average of 6.4% annually over the last three years and has raised its dividend every year for the last 6 years. First Republic Bank has a dividend payout ratio of 15.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect First Republic Bank to earn $5.49 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 13.8%.

Shares of FRC opened at $96.59 on Tuesday. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.01 and a current ratio of 1.01. First Republic Bank has a 1 year low of $79.42 and a 1 year high of $107.75. The firm’s 50 day moving average is $97.66. The stock has a market cap of $16.24 billion, a price-to-earnings ratio of 20.08, a P/E/G ratio of 2.01 and a beta of 0.90.

First Republic Bank (NYSE:FRC) last posted its earnings results on Tuesday, July 16th. The bank reported $1.24 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.02). First Republic Bank had a net margin of 22.94% and a return on equity of 11.30%. The business had revenue of $819.38 million during the quarter, compared to analysts’ expectations of $836.26 million. During the same period last year, the business posted $1.20 earnings per share. As a group, equities research analysts expect that First Republic Bank will post 5.02 EPS for the current year.

A number of research firms recently weighed in on FRC. Credit Suisse Group reissued a “buy” rating and issued a $90.00 target price on shares of Bayerische Motoren Werke in a report on Thursday, July 18th. Wedbush reissued an “outperform” rating on shares of WNS in a report on Tuesday, July 16th. Zacks Investment Research raised shares of SCHNEIDER ELEC /ADR from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Friday, July 5th. Wells Fargo & Co set a $68.00 target price on shares of Emergent Biosolutions and gave the company a “hold” rating in a report on Tuesday, April 2nd. Finally, Raymond James lowered shares of First Midwest Bancorp to a “hold” rating in a report on Monday, July 8th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $103.08.

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.

Featured Story: Economic Bubble

Dividend History for First Republic Bank (NYSE:FRC)

Receive News & Ratings for First Republic Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Republic Bank and related companies with MarketBeat.com's FREE daily email newsletter.