Jane Street Group LLC acquired a new stake in shares of First Republic Bank (NYSE:FRC) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 28,851 shares of the bank’s stock, valued at approximately $2,792,000.

A number of other large investors have also bought and sold shares of the stock. Baillie Gifford & Co. raised its position in First Republic Bank by 1.9% in the second quarter. Baillie Gifford & Co. now owns 6,092,149 shares of the bank’s stock worth $589,659,000 after purchasing an additional 114,606 shares in the last quarter. Bank of America Corp DE raised its position in First Republic Bank by 72.2% in the second quarter. Bank of America Corp DE now owns 3,428,956 shares of the bank’s stock worth $331,887,000 after purchasing an additional 1,437,779 shares in the last quarter. Royal Bank of Canada raised its position in First Republic Bank by 6.1% in the first quarter. Royal Bank of Canada now owns 2,699,827 shares of the bank’s stock worth $250,031,000 after purchasing an additional 155,154 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in First Republic Bank by 1,502.8% in the first quarter. The Manufacturers Life Insurance Company now owns 2,202,069 shares of the bank’s stock worth $203,934,000 after purchasing an additional 2,064,678 shares in the last quarter. Finally, Select Equity Group L.P. raised its position in First Republic Bank by 15.4% in the second quarter. Select Equity Group L.P. now owns 1,975,797 shares of the bank’s stock worth $191,237,000 after purchasing an additional 263,150 shares in the last quarter.

Several research firms recently issued reports on FRC. Wells Fargo & Co increased their price target on shares of First Republic Bank from $95.00 to $100.00 and gave the stock a “market perform” rating in a research report on Tuesday, June 26th. Citigroup began coverage on shares of First Republic Bank in a research report on Monday, June 18th. They issued a “buy” rating and a $120.00 price target for the company. Royal Bank of Canada increased their price target on shares of First Republic Bank to $102.00 and gave the stock a “sector perform” rating in a research report on Thursday, September 13th. They noted that the move was a valuation call. BMO Capital Markets increased their price target on shares of First Republic Bank from $96.00 to $102.00 and gave the stock a “market perform” rating in a research report on Friday, July 13th. Finally, Wedbush reissued an “outperform” rating on shares of First Republic Bank in a research report on Friday, July 13th. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company. First Republic Bank currently has an average rating of “Hold” and a consensus price target of $102.92.

NYSE FRC opened at $100.08 on Wednesday. The company has a market cap of $15.77 billion, a PE ratio of 21.88, a PEG ratio of 1.71 and a beta of 0.84. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.99 and a quick ratio of 0.99. First Republic Bank has a 1-year low of $84.56 and a 1-year high of $106.75.

First Republic Bank (NYSE:FRC) last posted its quarterly earnings data on Friday, July 13th. The bank reported $1.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.05. The company had revenue of $744.11 million during the quarter, compared to analyst estimates of $734.03 million. First Republic Bank had a net margin of 24.80% and a return on equity of 11.73%. equities analysts predict that First Republic Bank will post 4.78 earnings per share for the current year.

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 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.

Featured Story: Ex-Dividend

Want to see what other hedge funds are holding FRC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Republic Bank (NYSE:FRC).

Institutional Ownership by Quarter 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.