First Republic Bank (NYSE:FRC)‘s stock had its “hold” rating reaffirmed by research analysts at Keefe, Bruyette & Woods in a research note issued on Wednesday.

A number of other research firms have also issued reports on FRC. Barclays lowered First Republic Bank from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $108.00 to $104.00 in a report on Tuesday, October 10th. Royal Bank of Canada reaffirmed a “hold” rating on shares of First Republic Bank in a report on Friday, September 29th. Jefferies Group raised their target price on First Republic Bank from $109.00 to $120.00 and gave the company a “buy” rating in a report on Friday, September 29th. Zacks Investment Research lowered First Republic Bank from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, Raymond James Financial reduced their price objective on First Republic Bank from $108.00 to $105.00 and set an “outperform” rating for the company in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the stock. First Republic Bank presently has a consensus rating of “Hold” and a consensus price target of $102.40.

First Republic Bank (FRC) traded up $1.10 on Wednesday, reaching $88.40. The company’s stock had a trading volume of 1,945,648 shares, compared to its average volume of 1,670,000. The firm has a market cap of $13,900.00, a price-to-earnings ratio of 20.85, a P/E/G ratio of 1.43 and a beta of 0.96. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.95 and a quick ratio of 0.94. First Republic Bank has a 12-month low of $84.56 and a 12-month high of $105.52.

First Republic Bank (NYSE:FRC) last released its earnings results on Tuesday, January 16th. The bank reported $1.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.15 by ($0.05). The business had revenue of $699.20 million during the quarter, compared to analyst estimates of $688.48 million. First Republic Bank had a net margin of 26.85% and a return on equity of 12.06%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same period last year, the business earned $1.03 EPS. equities research analysts expect that First Republic Bank will post 4.35 EPS for the current year.

Several hedge funds have recently made changes to their positions in the business. D.A. Davidson & CO. lifted its position in shares of First Republic Bank by 3.2% in the 2nd quarter. D.A. Davidson & CO. now owns 2,612 shares of the bank’s stock worth $261,000 after acquiring an additional 81 shares during the period. Toronto Dominion Bank lifted its position in shares of First Republic Bank by 8.9% during the 2nd quarter. Toronto Dominion Bank now owns 2,117 shares of the bank’s stock worth $212,000 after buying an additional 173 shares during the period. Colony Group LLC lifted its position in shares of First Republic Bank by 0.9% during the 2nd quarter. Colony Group LLC now owns 25,889 shares of the bank’s stock worth $2,591,000 after buying an additional 219 shares during the period. National Asset Management Inc. lifted its position in shares of First Republic Bank by 10.4% during the 2nd quarter. National Asset Management Inc. now owns 5,001 shares of the bank’s stock worth $503,000 after buying an additional 472 shares during the period. Finally, Whittier Trust Co. lifted its position in shares of First Republic Bank by 2.0% during the 3rd quarter. Whittier Trust Co. now owns 26,816 shares of the bank’s stock worth $2,801,000 after buying an additional 516 shares during the period. Institutional investors own 98.75% of the company’s stock.

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About First Republic Bank

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.

Analyst Recommendations for First Republic Bank (NYSE:FRC)

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