First Republic Bank (NYSE: FRC) recently received a number of ratings updates from brokerages and research firms:

  • 7/16/2017 – First Republic Bank had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $96.00 price target on the stock.
  • 7/14/2017 – First Republic Bank had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $110.00 price target on the stock, up previously from $105.00.
  • 7/14/2017 – First Republic Bank had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $109.00 price target on the stock.
  • 7/14/2017 – First Republic Bank had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $99.00 price target on the stock.
  • 7/13/2017 – First Republic Bank was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/12/2017 – First Republic Bank had its “equal weight” rating reaffirmed by analysts at Barclays PLC. They now have a $110.00 price target on the stock, up previously from $101.00.
  • 7/7/2017 – First Republic Bank had its “hold” rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $98.00 price target on the stock.
  • 7/6/2017 – First Republic Bank had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $104.00 price target on the stock, up previously from $102.00.
  • 7/1/2017 – First Republic Bank was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 6/27/2017 – First Republic Bank had its “outperform” rating reaffirmed by analysts at Wedbush. They now have a $121.00 price target on the stock.
  • 6/21/2017 – First Republic Bank was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “First Republic’s shares outperformed the Zacks categorized Banks-West industry over the past one year. The bank is well positioned for growth, given its simpler business model and non-engagement in additional businesses, as compared to most large banking institutions. Also, consistent growth in loans and deposits along with gradual ease of pressure on the margins will support the company’s organic growth. Further, lesser regulations will act as a tailwiind for the company. However, operating costs are expected to remain on the higher side in the near term due to investments in digital initiatives.”
  • 6/11/2017 – First Republic Bank had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $109.00 price target on the stock.
  • 6/10/2017 – First Republic Bank was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 6/6/2017 – First Republic Bank had its price target lowered by analysts at Morgan Stanley from $102.00 to $98.00. They now have an “equal weight” rating on the stock.
  • 6/6/2017 – First Republic Bank was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “First Republic’s shares outperformed the Zacks categorized Banks-West industry over the past six months. The bank is well positioned for growth, given its simpler business model and non-engagement in additional businesses, as compared to most large banking institutions. Also, consistent growth in loans and deposits along with gradual ease of pressure on the margins will support the company’s organic growth. However, operating costs are expected to remain on the higher side in the near term due to investments in digital initiatives. Further, stringent regulations remain a major headwind for the company.”
  • 5/26/2017 – First Republic Bank had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $97.00 price target on the stock.
  • 5/26/2017 – First Republic Bank was given a new $90.00 price target on by analysts at Keefe, Bruyette & Woods. They now have a “hold” rating on the stock.

First Republic Bank (FRC) opened at 100.76 on Tuesday. The stock has a market capitalization of $15.84 billion, a P/E ratio of 25.13 and a beta of 0.99. First Republic Bank has a 12-month low of $70.00 and a 12-month high of $104.17. The firm’s 50-day moving average is $96.01 and its 200-day moving average is $93.89.

First Republic Bank (NYSE:FRC) last issued its quarterly earnings results on Friday, July 14th. The bank reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.09 by $0.03. First Republic Bank had a net margin of 27.37% and a return on equity of 12.16%. The company had revenue of $641.30 million for the quarter, compared to the consensus estimate of $671.27 million. During the same quarter in the previous year, the business earned $0.97 earnings per share. First Republic Bank’s revenue was up 19.8% compared to the same quarter last year. Analysts predict that First Republic Bank will post $4.46 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 10th. Stockholders of record on Thursday, July 27th will be issued a dividend of $0.17 per share. The ex-dividend date is Tuesday, July 25th. This represents a $0.68 annualized dividend and a dividend yield of 0.67%. First Republic Bank’s payout ratio is presently 16.59%.

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.

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