First Republic Bank (NYSE:FRC) – Investment analysts at Jefferies Group reduced their Q4 2017 EPS estimates for shares of First Republic Bank in a research report issued to clients and investors on Monday. Jefferies Group analyst C. Haire now anticipates that the bank will post earnings of $1.17 per share for the quarter, down from their prior forecast of $1.28. Jefferies Group currently has a “Hold” rating on the stock. Jefferies Group also issued estimates for First Republic Bank’s FY2018 earnings at $4.75 EPS and FY2019 earnings at $5.25 EPS.

First Republic Bank (NYSE:FRC) last released its earnings results on Friday, October 13th. The bank reported $1.14 earnings per share (EPS) for the quarter, missing the Zacks’ 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 for the quarter, compared to analysts’ expectations of $678.25 million. During the same period in the previous year, the company earned $1.00 EPS. First Republic Bank’s quarterly revenue was up 20.1% compared to the same quarter last year.

FRC has been the subject of a number of other research reports. Barclays upped their target price on shares of First Republic Bank from $98.00 to $101.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Morgan Stanley reaffirmed an “equal weight” rating and set a $106.00 target price on shares of First Republic Bank in a report on Thursday, December 14th. Piper Jaffray Companies set a $99.00 target price on shares of First Republic Bank and gave the stock a “hold” rating in a report on Sunday, October 15th. Raymond James Financial dropped their target price on shares of First Republic Bank from $108.00 to $105.00 and set an “outperform” rating for the company in a report on Monday, October 16th. Finally, Zacks Investment Research lowered shares of First Republic Bank from a “hold” rating to a “sell” rating in a report on Monday, September 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $103.00.

Shares of First Republic Bank (NYSE:FRC) opened at $92.31 on Wednesday. First Republic Bank has a 1-year low of $84.56 and a 1-year high of $105.52. The stock has a market cap of $14,150.00, a price-to-earnings ratio of 21.77, a PEG ratio of 1.43 and a beta of 0.96. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 1.55.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. D.A. Davidson & CO. grew its holdings in shares of First Republic Bank by 3.2% in the second quarter. D.A. Davidson & CO. now owns 2,612 shares of the bank’s stock valued at $261,000 after purchasing an additional 81 shares during the period. Toronto Dominion Bank grew its holdings in shares of First Republic Bank by 8.9% in the second quarter. Toronto Dominion Bank now owns 2,117 shares of the bank’s stock valued at $212,000 after purchasing an additional 173 shares during the period. Comerica Bank grew its holdings in shares of First Republic Bank by 2.0% in the second quarter. Comerica Bank now owns 10,832 shares of the bank’s stock valued at $1,087,000 after purchasing an additional 217 shares during the period. Colony Group LLC grew its holdings in shares of First Republic Bank by 0.9% in the second quarter. Colony Group LLC now owns 25,889 shares of the bank’s stock valued at $2,591,000 after purchasing an additional 219 shares during the period. Finally, Riverhead Capital Management LLC grew its holdings in shares of First Republic Bank by 1.6% in the second quarter. Riverhead Capital Management LLC now owns 15,750 shares of the bank’s stock valued at $1,577,000 after purchasing an additional 250 shares during the period. 98.75% of the stock is owned by hedge funds and other institutional investors.

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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.

Earnings History and Estimates for First Republic Bank (NYSE:FRC)

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