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First Republic Bank (NYSE:FRC)‘s stock had its “overweight” rating restated by stock analysts at JPMorgan Chase & Co. in a report issued on Thursday. They currently have a $58.00 price objective on the stock, down from their previous price objective of $62.50. JPMorgan Chase & Co.’s price target suggests a potential upside of 24.20% from the stock’s previous close.

FRC has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of First Republic Bank in a research note on Thursday. They now have a $52.00 price target on the stock, down previously from $57.00. Separately, analysts at Barclays reiterated an “overweight” rating on shares of First Republic Bank in a research note on Thursday. They now have a $54.00 price target on the stock, down previously from $60.00. Finally, analysts at Bank of America reiterated a “buy” rating on shares of First Republic Bank in a research note on Thursday. Seven research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $54.75.

First Republic Bank (NYSE:FRC) traded up 2.32% on Thursday, hitting $47.785. The stock had a trading volume of 9,022,779 shares. First Republic Bank has a 52 week low of $42.02 and a 52 week high of $56.18. The stock’s 50-day moving average is $53.77 and its 200-day moving average is $52.21. The company has a market cap of $6.576 billion and a price-to-earnings ratio of 15.67.

First Republic Bank (NYSE:FRC) last released its earnings data on Wednesday, July 16th. The company reported $0.76 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.76. The company had revenue of $388.80 million for the quarter, compared to the consensus estimate of $410.56 million. During the same quarter in the prior year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 17.2% on a year-over-year basis. Analysts expect that First Republic Bank will post $3.07 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 1.20%.

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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