First Republic Bank (NYSE:FRC) has been assigned a $90.00 target price by stock analysts at Keefe, Bruyette & Woods in a research note issued on Friday. The firm currently has a “hold” rating on the bank’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential downside of 2.84% from the company’s previous close.

A number of other brokerages have also recently issued reports on FRC. Zacks Investment Research cut shares of First Republic Bank from a “buy” rating to a “hold” rating in a research note on Tuesday, February 28th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $109.00 price objective on shares of First Republic Bank in a research note on Monday, May 15th. JMP Securities started coverage on shares of First Republic Bank in a research note on Thursday, February 2nd. They issued an “outperform” rating and a $111.00 price objective on the stock. Deutsche Bank AG raised their price objective on shares of First Republic Bank from $98.00 to $101.00 and gave the company a “hold” rating in a research note on Tuesday, April 18th. Finally, Barclays PLC reduced their price objective on shares of First Republic Bank from $102.00 to $100.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 11th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $98.62.

Analyst Recommendations for First Republic Bank (NYSE:FRC)

First Republic Bank (NYSE:FRC) opened at 92.63 on Friday. First Republic Bank has a 12-month low of $63.97 and a 12-month high of $97.43. The firm has a 50 day moving average price of $92.04 and a 200 day moving average price of $91.35. The company has a market cap of $14.57 billion, a PE ratio of 23.11 and a beta of 1.03.

First Republic Bank (NYSE:FRC) last announced its quarterly earnings data on Thursday, April 13th. The bank reported $1.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.01. First Republic Bank had a net margin of 27.98% and a return on equity of 12.38%. The firm had revenue of $601.14 million for the quarter, compared to analysts’ expectations of $626.14 million. During the same period last year, the firm earned $0.88 earnings per share. On average, analysts anticipate that First Republic Bank will post $4.50 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, May 11th. Shareholders of record on Thursday, April 27th were issued a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, April 25th. This is a positive change from First Republic Bank’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a yield of 0.73%. First Republic Bank’s dividend payout ratio (DPR) is 16.49%.

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A number of large investors have recently bought and sold shares of the company. Raymond James Trust N.A. raised its stake in shares of First Republic Bank by 0.6% in the third quarter. Raymond James Trust N.A. now owns 2,984 shares of the bank’s stock worth $230,000 after buying an additional 18 shares during the last quarter. Keybank National Association OH raised its stake in shares of First Republic Bank by 0.9% in the fourth quarter. Keybank National Association OH now owns 2,946 shares of the bank’s stock worth $271,000 after buying an additional 25 shares during the last quarter. Jaffetilchin Investment Partners LLC raised its stake in shares of First Republic Bank by 1.1% in the first quarter. Jaffetilchin Investment Partners LLC now owns 2,473 shares of the bank’s stock worth $232,000 after buying an additional 28 shares during the last quarter. Hanseatic Management Services Inc. raised its stake in shares of First Republic Bank by 0.4% in the fourth quarter. Hanseatic Management Services Inc. now owns 8,133 shares of the bank’s stock worth $537,000 after buying an additional 33 shares during the last quarter. Finally, Capital One National Association raised its stake in shares of First Republic Bank by 0.4% in the third quarter. Capital One National Association now owns 13,882 shares of the bank’s stock worth $1,070,000 after buying an additional 54 shares during the last quarter. Institutional investors own 97.08% of the company’s stock.

First Republic Bank Company Profile

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.

12 Month Chart for NYSE:FRC

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