First Republic Bank (NYSE:FRC) – Equities research analysts at Jefferies Group issued their Q1 2018 earnings estimates for First Republic Bank in a note issued to investors on Tuesday. Jefferies Group analyst C. Haire anticipates that the bank will post earnings per share of $1.09 for the quarter. Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for First Republic Bank’s Q2 2018 earnings at $1.14 EPS, Q3 2018 earnings at $1.24 EPS and Q4 2018 earnings at $1.29 EPS.

First Republic Bank (NYSE:FRC) last released its quarterly earnings data on Friday, October 13th. The bank reported $1.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.02). The company had revenue of $670.30 million for the quarter, compared to the consensus estimate of $678.25 million. First Republic Bank had a return on equity of 12.06% and a net margin of 26.85%. First Republic Bank’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 EPS.

Several other equities analysts have also recently weighed in on FRC. Maxim Group reaffirmed a “buy” rating and issued a $110.00 price target on shares of First Republic Bank in a research report on Thursday, January 4th. Barclays cut shares of First Republic Bank from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $108.00 to $104.00 in a research report on Tuesday, October 10th. Morgan Stanley reissued an “equal weight” rating and set a $106.00 target price on shares of First Republic Bank in a research report on Thursday, December 14th. Zacks Investment Research raised shares of First Republic Bank from a “sell” rating to a “hold” rating in a research report on Friday, December 8th. Finally, Piper Jaffray Companies set a $99.00 target price on shares of First Republic Bank and gave the stock a “hold” rating in a research report on Sunday, October 15th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. First Republic Bank currently has a consensus rating of “Hold” and a consensus target price of $103.00.

First Republic Bank (FRC) traded up $2.32 during mid-day trading on Friday, hitting $92.31. 1,660,700 shares of the stock were exchanged, compared to its average volume of 1,737,213. The company has a market cap of $14,150.00, a PE ratio of 21.77, a PEG ratio of 1.43 and a beta of 0.96. 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 one year low of $84.56 and a one year high of $105.52.

Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of First Republic Bank by 5.2% during the 2nd quarter. Vanguard Group Inc. now owns 12,886,696 shares of the bank’s stock worth $1,289,958,000 after purchasing an additional 641,309 shares during the last quarter. BlackRock Inc. increased its stake in shares of First Republic Bank by 8.9% during the 2nd quarter. BlackRock Inc. now owns 10,708,811 shares of the bank’s stock worth $1,071,954,000 after purchasing an additional 876,812 shares during the last quarter. Capital World Investors increased its stake in shares of First Republic Bank by 6.5% during the 2nd quarter. Capital World Investors now owns 8,068,025 shares of the bank’s stock worth $807,609,000 after purchasing an additional 490,000 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of First Republic Bank by 0.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 6,792,426 shares of the bank’s stock worth $703,966,000 after purchasing an additional 46,862 shares during the last quarter. Finally, State Street Corp increased its stake in shares of First Republic Bank by 20.3% during the 2nd quarter. State Street Corp now owns 5,995,443 shares of the bank’s stock worth $600,135,000 after purchasing an additional 1,010,648 shares during the last quarter. Institutional investors own 98.75% 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.

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

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