First Republic Bank Announces Quarterly Dividend of $0.14 (FRC)
First Republic Bank (NYSE:FRC) announced a quarterly dividend on Wednesday, April 16th, AnalystRatingsNetwork.com reports. Investors of record on Thursday, May 1st will be paid a dividend of 0.14 per share on Thursday, May 15th. This represents a $0.56 annualized dividend and a dividend yield of 1.07%.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of First Republic Bank from $60.00 to $62.00 in a research note on Wednesday, April 9th. On a related note, analysts at Goldman Sachs downgraded shares of First Republic Bank from a “cl” rating to a “buy” rating in a research note on Thursday, April 3rd. They now have a $61.00 price target on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of First Republic Bank from $56.00 to $59.00 in a research note on Thursday, March 27th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $56.07.
Shares of First Republic Bank (NYSE:FRC) traded down 0.92% during mid-day trading on Wednesday, hitting $51.88. The stock had a trading volume of 110,929 shares. First Republic Bank has a 1-year low of $36.43 and a 1-year high of $56.18. The stock’s 50-day moving average is $53.34 and its 200-day moving average is $51.0. The company has a market cap of $6.890 billion and a P/E ratio of 16.89.
First Republic Bank (NYSE:FRC) last announced its earnings results on Wednesday, April 16th. The company reported $0.67 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.72 by $0.05. During the same quarter in the prior year, the company posted $0.72 earnings per share. On average, analysts predict that First Republic Bank will post $3.04 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.