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First Republic Bank (NYSE:FRC) announced a quarterly dividend on Wednesday, April 16th, 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.

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