$1.05 Earnings Per Share Expected for First Republic Bank (FRC) This Quarter

Wall Street brokerages expect First Republic Bank (NYSE:FRC) to announce earnings per share of $1.05 for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for First Republic Bank’s earnings, with the highest EPS estimate coming in at $1.08 and the lowest estimate coming in at $1.01. First Republic Bank posted earnings per share of $1.01 in the same quarter last year, which indicates a positive year-over-year growth rate of 4%. The business is scheduled to issue its next quarterly earnings report on Thursday, April 12th.

According to Zacks, analysts expect that First Republic Bank will report full-year earnings of $4.76 per share for the current fiscal year, with EPS estimates ranging from $4.65 to $4.99. For the next financial year, analysts expect that the business will post earnings of $5.53 per share, with EPS estimates ranging from $5.05 to $5.82. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover First Republic Bank.

First Republic Bank (NYSE:FRC) last announced its quarterly earnings data on Tuesday, January 16th. The bank reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.05). First Republic Bank had a net margin of 26.02% and a return on equity of 11.80%. The company had revenue of $699.20 million for the quarter, compared to analysts’ expectations of $688.48 million. During the same period in the prior year, the firm earned $1.03 earnings per share. The firm’s quarterly revenue was up 16.6% on a year-over-year basis.

A number of analysts recently weighed in on FRC shares. Sandler O’Neill reaffirmed a “hold” rating and set a $94.00 price target on shares of First Republic Bank in a research report on Wednesday, January 17th. Barclays set a $102.00 price target on shares of First Republic Bank and gave the stock a “hold” rating in a research report on Monday, October 16th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $87.00 price target on shares of First Republic Bank in a research report on Friday, October 13th. Piper Jaffray Companies set a $99.00 price target on shares of First Republic Bank and gave the stock a “hold” rating in a research report on Sunday, October 15th. Finally, Wells Fargo & Co decreased their price target on shares of 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. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $101.54.

Shares of First Republic Bank (NYSE:FRC) opened at $85.78 on Tuesday. First Republic Bank has a 12 month low of $84.56 and a 12 month high of $105.52. The stock has a market cap of $14,240.68, a price-to-earnings ratio of 19.90, a PEG ratio of 1.49 and a beta of 0.91. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.46.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 8th. Shareholders of record on Thursday, January 25th will be issued a $0.17 dividend. The ex-dividend date is Wednesday, January 24th. This represents a $0.68 dividend on an annualized basis and a yield of 0.79%. First Republic Bank’s dividend payout ratio is currently 15.78%.

A number of hedge funds have recently modified their holdings of the business. Tokio Marine Asset Management Co. Ltd. lifted its holdings in First Republic Bank by 18.4% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 105,075 shares of the bank’s stock worth $9,104,000 after buying an additional 16,307 shares in the last quarter. Boston Financial Mangement LLC raised its stake in shares of First Republic Bank by 26.4% in the 4th quarter. Boston Financial Mangement LLC now owns 90,724 shares of the bank’s stock valued at $7,860,000 after purchasing an additional 18,960 shares in the last quarter. Calton & Associates Inc. acquired a new stake in shares of First Republic Bank in the 4th quarter valued at about $269,000. Columbus Macro LLC acquired a new stake in shares of First Republic Bank in the 4th quarter valued at about $633,000. Finally, Public Employees Retirement Association of Colorado raised its stake in shares of First Republic Bank by 21.3% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 1,167,981 shares of the bank’s stock valued at $101,194,000 after purchasing an additional 204,885 shares in the last quarter. Hedge funds and other institutional investors own 98.59% 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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Earnings History and Estimates for First Republic Bank (NYSE:FRC)

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