Equities research analysts expect First Republic Bank (NYSE:FRC) to announce $1.17 earnings per share for the current quarter, Zacks reports. Five analysts have issued estimates for First Republic Bank’s earnings, with the highest EPS estimate coming in at $1.21 and the lowest estimate coming in at $1.14. First Republic Bank posted earnings of $1.00 per share in the same quarter last year, which would suggest a positive year over year growth rate of 17%. The firm is scheduled to report its next quarterly earnings results on Thursday, October 12th.

According to Zacks, analysts expect that First Republic Bank will report full-year earnings of $4.47 per share for the current financial year, with EPS estimates ranging from $4.41 to $4.56. For the next financial year, analysts forecast that the company will report earnings of $5.33 per share, with EPS estimates ranging from $5.05 to $5.55. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow First Republic Bank.

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

FRC has been the subject of a number of research reports. BMO Capital Markets reaffirmed a “hold” rating and set a $97.00 price target on shares of First Republic Bank in a research report on Friday, May 26th. Keefe, Bruyette & Woods set a $90.00 price target on First Republic Bank and gave the stock a “hold” rating in a research report on Friday, May 26th. Morgan Stanley lowered their price target on First Republic Bank from $102.00 to $98.00 and set an “equal weight” rating for the company in a research report on Tuesday, June 6th. Zacks Investment Research cut First Republic Bank from a “hold” rating to a “sell” rating in a research report on Tuesday, June 6th. Finally, BidaskClub raised First Republic Bank from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $104.54.

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Shares of First Republic Bank (NYSE:FRC) traded down 2.16% on Thursday, hitting $95.70. The stock had a trading volume of 577,975 shares. First Republic Bank has a 12 month low of $72.40 and a 12 month high of $104.17. The company’s 50 day moving average price is $97.92 and its 200-day moving average price is $96.17. The company has a market cap of $15.10 billion, a P/E ratio of 23.35 and a beta of 1.01.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in shares of First Republic Bank by 5.2% in the 2nd quarter. Vanguard Group Inc. now owns 12,886,696 shares of the bank’s stock valued at $1,289,958,000 after buying an additional 641,309 shares during the period. BlackRock Inc. lifted its holdings in shares of First Republic Bank by 8.9% in the 2nd quarter. BlackRock Inc. now owns 10,708,811 shares of the bank’s stock valued at $1,071,954,000 after buying an additional 876,812 shares during the period. Capital World Investors lifted its holdings in shares of First Republic Bank by 6.5% in the 2nd quarter. Capital World Investors now owns 8,068,025 shares of the bank’s stock valued at $807,609,000 after buying an additional 490,000 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of First Republic Bank by 13.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,745,564 shares of the bank’s stock valued at $675,230,000 after buying an additional 793,964 shares during the period. Finally, State Street Corp lifted its holdings in shares of First Republic Bank by 20.3% in the 2nd quarter. State Street Corp now owns 5,995,443 shares of the bank’s stock valued at $600,135,000 after buying an additional 1,010,648 shares during the period.

About First Republic Bank

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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Earnings History and Estimates for First Republic Bank (NYSE:FRC)

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