First Republic Bank Announces Quarterly Dividend of $0.12 (FRC)
First Republic Bank (NYSE:FRC) declared a quarterly dividend on Tuesday, October 15th, AR Network reports. Stockholders of record on Friday, November 1st will be given a dividend of $0.12 per share on Friday, November 15th. This represents a $0.48 dividend on an annualized basis and a yield of 1.01%.
A number of research firms have recently commented on FRC. Analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of First Republic Bank in a research note to investors on Tuesday, October 8th. They now have a $52.00 price target on the stock. On a related note, analysts at Raymond James raised their price target on shares of First Republic Bank from $45.00 to $51.00 in a research note to investors on Tuesday, October 8th. They now have an “outperform” rating on the stock. Finally, analysts at Barclays raised their price target on shares of First Republic Bank from $47.00 to $51.00 in a research note to investors on Tuesday, October 8th. They now have an “overweight” rating on the stock. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $46.58.
Shares of First Republic Bank (NYSE:FRC) opened at 47.68 on Tuesday. First Republic Bank has a 52-week low of $31.42 and a 52-week high of $47.78. The stock has a 50-day moving average of $46.03 and a 200-day moving average of $41.45. The company has a market cap of $6.289 billion and a P/E ratio of 15.38.
First Republic Bank (NYSE:FRC) last announced its earnings results on Tuesday, October 15th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by $0.01. During the same quarter in the previous year, the company posted $0.72 earnings per share. On average, analysts predict that First Republic Bank will post $3.14 earnings per share for the current fiscal year.
First Republic Bank is a full-service bank and wealth management firm. First Republic Bank and its subsidiaries provide private banking, private business banking and private wealth management, including investment, trust and brokerage services.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.