First Republic Bank (NYSE:FRC)‘s stock had its “hold” rating reaffirmed by equities research analysts at Keefe, Bruyette & Woods in a report issued on Wednesday.

FRC has been the subject of several other reports. Barclays increased their price target on First Republic Bank from $98.00 to $101.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Morgan Stanley reaffirmed an “equal weight” rating and set a $106.00 price target on shares of First Republic Bank in a report on Thursday, December 14th. Jefferies Group downgraded First Republic Bank from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Piper Jaffray Companies set a $99.00 price target on First Republic Bank and gave the stock a “hold” rating in a report on Sunday, October 15th. Finally, Raymond James Financial decreased their price target on First Republic Bank from $108.00 to $105.00 and set an “outperform” rating for the company in a report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $102.40.

First Republic Bank (NYSE FRC) traded up $1.10 during mid-day trading on Wednesday, hitting $88.40. The stock had a trading volume of 1,945,648 shares, compared to its average volume of 1,670,000. The firm has a market capitalization of $13,900.00, a P/E ratio of 20.85, a P/E/G ratio of 1.43 and a beta of 0.96. First Republic Bank has a 1-year low of $84.56 and a 1-year high of $105.52. 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 (NYSE:FRC) last issued its quarterly earnings results on Tuesday, January 16th. The bank reported $1.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.05). First Republic Bank had a return on equity of 12.06% and a net margin of 26.85%. The company had revenue of $699.20 million for the quarter, compared to analyst estimates of $688.48 million. During the same period in the prior year, the business earned $1.03 earnings per share. First Republic Bank’s revenue for the quarter was up 16.6% compared to the same quarter last year. equities research analysts expect that First Republic Bank will post 4.35 EPS for the current fiscal year.

A number of large investors have recently added to or reduced their stakes in FRC. Capital One National Association purchased a new position in First Republic Bank in the fourth quarter worth $908,000. Beese Fulmer Investment Management Inc. increased its position in shares of First Republic Bank by 0.4% in the fourth quarter. Beese Fulmer Investment Management Inc. now owns 65,068 shares of the bank’s stock valued at $4,298,000 after buying an additional 245 shares in the last quarter. Personal Capital Advisors Corp increased its position in shares of First Republic Bank by 24.0% in the fourth quarter. Personal Capital Advisors Corp now owns 32,679 shares of the bank’s stock valued at $2,159,000 after buying an additional 6,322 shares in the last quarter. Dearborn Partners LLC increased its position in shares of First Republic Bank by 11.0% in the fourth quarter. Dearborn Partners LLC now owns 36,200 shares of the bank’s stock valued at $2,391,000 after buying an additional 3,600 shares in the last quarter. Finally, KAMES CAPITAL plc purchased a new position in shares of First Republic Bank in the fourth quarter valued at $32,175,000. Hedge funds and other institutional investors own 98.75% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this piece on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/17/first-republic-banks-frc-hold-rating-reiterated-at-keefe-bruyette-woods.html.

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.

Analyst Recommendations for First Republic Bank (NYSE:FRC)

Receive News & Ratings for First Republic Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Republic Bank and related companies with MarketBeat.com's FREE daily email newsletter.