Equities research analysts forecast that First Republic Bank (NYSE:FRC) will post sales of $717.63 million for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for First Republic Bank’s earnings, with the lowest sales estimate coming in at $678.44 million and the highest estimate coming in at $749.00 million. First Republic Bank reported sales of $599.46 million in the same quarter last year, which indicates a positive year-over-year growth rate of 19.7%. The business is scheduled to issue its next earnings report on Friday, January 12th.

On average, analysts expect that First Republic Bank will report full year sales of $717.63 million for the current year, with estimates ranging from $2.59 billion to $2.82 billion. For the next financial year, analysts anticipate that the firm will post sales of $3.10 billion per share, with estimates ranging from $2.96 billion to $3.27 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for First Republic Bank.

First Republic Bank (NYSE:FRC) last issued its quarterly earnings data on Friday, October 13th. The bank reported $1.14 EPS for the quarter, missing the consensus estimate of $1.16 by ($0.02). The company had revenue of $670.30 million during the quarter, compared to analysts’ expectations of $678.25 million. First Republic Bank had a return on equity of 12.06% and a net margin of 26.85%. The business’s revenue for the quarter was up 20.1% compared to the same quarter last year. During the same period last year, the company earned $1.00 earnings per share.

FRC has been the subject of several recent analyst reports. Jefferies Group upped their target price on First Republic Bank from $109.00 to $120.00 and gave the company a “buy” rating in a report on Friday, September 29th. Barclays lowered First Republic Bank from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $108.00 to $104.00 in a report on Tuesday, October 10th. Piper Jaffray Companies set a $99.00 price objective on First Republic Bank and gave the company a “hold” rating in a report on Sunday, October 15th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $87.00 price objective on shares of First Republic Bank in a report on Friday, October 13th. Finally, Royal Bank Of Canada reissued a “hold” rating on shares of First Republic Bank in a report on Friday, September 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company’s stock. First Republic Bank has an average rating of “Hold” and a consensus target price of $102.93.

First Republic Bank (NYSE FRC) opened at $95.54 on Friday. The stock has a market capitalization of $14,944.27, a P/E ratio of 22.34, a PEG ratio of 1.76 and a beta of 0.99. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 1.55. First Republic Bank has a twelve month low of $80.70 and a twelve month high of $105.52.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Thursday, October 26th were given a $0.17 dividend. The ex-dividend date was Wednesday, October 25th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.71%. First Republic Bank’s dividend payout ratio (DPR) is presently 16.04%.

Several hedge funds have recently modified their holdings of the stock. Barnett & Company Inc. bought a new stake in shares of First Republic Bank in the second quarter worth about $100,000. Shine Investment Advisory Services Inc. bought a new stake in shares of First Republic Bank in the second quarter worth about $128,000. Parallel Advisors LLC grew its stake in shares of First Republic Bank by 21.4% in the second quarter. Parallel Advisors LLC now owns 1,317 shares of the bank’s stock worth $132,000 after purchasing an additional 232 shares during the last quarter. Creative Planning grew its stake in shares of First Republic Bank by 21.3% in the second quarter. Creative Planning now owns 1,407 shares of the bank’s stock worth $141,000 after purchasing an additional 247 shares during the last quarter. Finally, Zions Bancorporation bought a new stake in shares of First Republic Bank in the third quarter worth about $160,000.

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

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