First Republic Bank (NYSE:FRC) was the recipient of unusually large options trading on Monday. Traders acquired 1,949 put options on the stock. This is an increase of 1,447% compared to the typical volume of 126 put options.

Several research analysts have recently weighed in on the company. Wells Fargo & Company lowered their price objective on First Republic Bank from $100.00 to $95.00 and set a “market perform” rating for the company in a research report on Monday, October 16th. BMO Capital Markets lowered their price objective on First Republic Bank from $96.00 to $92.00 and set a “market perform” rating for the company in a research report on Monday, October 16th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $87.00 price objective on shares of First Republic Bank in a research report on Friday, October 13th. Royal Bank Of Canada reissued a “hold” rating on shares of First Republic Bank in a research report on Friday, September 29th. Finally, Zacks Investment Research lowered First Republic Bank from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $102.93.

Shares of First Republic Bank (FRC) opened at $92.98 on Thursday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.95 and a quick ratio of 0.94. The company has a market capitalization of $14,679.24, a PE ratio of 21.95, a PEG ratio of 1.73 and a beta of 0.99. First Republic Bank has a 12 month low of $80.55 and a 12 month high of $105.52.

First Republic Bank (NYSE:FRC) last released its quarterly earnings results on Friday, October 13th. The bank reported $1.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02). The company had revenue of $670.30 million for the quarter, compared to analyst estimates of $678.25 million. First Republic Bank had a net margin of 26.85% and a return on equity of 12.06%. First Republic Bank’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.00 EPS. analysts anticipate that First Republic Bank will post 4.36 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Thursday, October 26th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, October 25th. This represents a $0.68 dividend on an annualized basis and a yield of 0.73%. First Republic Bank’s dividend payout ratio (DPR) is currently 16.04%.

A number of hedge funds have recently added to or reduced their stakes in the business. Bronfman E.L. Rothschild L.P. boosted its stake in First Republic Bank by 0.3% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 1,953 shares of the bank’s stock valued at $195,000 after purchasing an additional 5 shares during the last quarter. Alps Advisors Inc. boosted its stake in First Republic Bank by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 4,979 shares of the bank’s stock valued at $498,000 after purchasing an additional 13 shares during the last quarter. Global X Management Co. LLC boosted its stake in First Republic Bank by 1.1% during the 2nd quarter. Global X Management Co. LLC now owns 5,935 shares of the bank’s stock valued at $594,000 after purchasing an additional 62 shares during the last quarter. D.A. Davidson & CO. boosted its stake in First Republic Bank by 3.2% during the 2nd quarter. D.A. Davidson & CO. now owns 2,612 shares of the bank’s stock valued at $261,000 after purchasing an additional 81 shares during the last quarter. Finally, World Asset Management Inc boosted its stake in First Republic Bank by 1.7% during the 2nd quarter. World Asset Management Inc now owns 6,776 shares of the bank’s stock valued at $678,000 after purchasing an additional 115 shares during the last quarter. Institutional investors and hedge funds own 99.07% of the company’s stock.

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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.

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