First Republic Bank (NYSE:FRC) – FIG Partners raised their Q1 2019 earnings estimates for shares of First Republic Bank in a research note issued on Thursday. FIG Partners analyst T. Coffey now expects that the bank will post earnings of $1.42 per share for the quarter, up from their previous forecast of $1.41. FIG Partners also issued estimates for First Republic Bank’s Q2 2019 earnings at $1.48 EPS and FY2019 earnings at $5.91 EPS.

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

A number of other analysts have also weighed in on the stock. Zacks Investment Research lowered shares of First Republic Bank from a “hold” rating to a “sell” rating in a research note on Monday, September 18th. Jefferies Group restated a “buy” rating and set a $109.00 target price on shares of First Republic Bank in a research note on Friday, September 15th. Piper Jaffray Companies restated a “hold” rating and set a $99.00 target price on shares of First Republic Bank in a research note on Friday, September 1st. Raymond James Financial cut their target price on shares of First Republic Bank from $108.00 to $105.00 and set an “outperform” rating on the stock in a research note on Monday, October 16th. Finally, Barclays set a $102.00 price target on First Republic Bank and gave the company a “hold” rating in a report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $102.93.

First Republic Bank (FRC) traded up $0.14 during mid-day trading on Friday, hitting $95.68. 1,653,478 shares of the company were exchanged, compared to its average volume of 983,901. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.95 and a quick ratio of 0.94. First Republic Bank has a 12-month low of $82.64 and a 12-month high of $105.52. The stock has a market capitalization of $14,944.27, a price-to-earnings ratio of 22.34, a price-to-earnings-growth ratio of 1.76 and a beta of 0.99.

Several hedge funds have recently bought and sold shares of FRC. Capstone Asset Management Co. boosted its holdings in shares of First Republic Bank by 10.1% in the second quarter. Capstone Asset Management Co. now owns 3,712 shares of the bank’s stock valued at $372,000 after acquiring an additional 340 shares during the period. Creative Planning boosted its holdings 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 valued at $141,000 after acquiring an additional 247 shares during the period. IBM Retirement Fund boosted its holdings in shares of First Republic Bank by 34.1% in the second quarter. IBM Retirement Fund now owns 2,294 shares of the bank’s stock valued at $230,000 after acquiring an additional 583 shares during the period. Bbva Compass Bancshares Inc. acquired a new stake in shares of First Republic Bank in the second quarter valued at approximately $762,000. Finally, Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of First Republic Bank by 1.9% in the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 90,179 shares of the bank’s stock valued at $9,027,000 after acquiring an additional 1,679 shares during the period.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Stockholders of record on Thursday, October 26th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Wednesday, October 25th. First Republic Bank’s payout ratio is currently 16.04%.

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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.

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

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