First Republic Bank (NYSE:FRC) gapped up prior to trading on Friday . The stock had previously closed at $67.80, but opened at $68.26. First Republic Bank shares last traded at $69.65, with a volume of 234,130 shares.

Several equities research analysts recently commented on FRC shares. Jefferies Group reissued a “buy” rating and issued a $80.00 price target on shares of First Republic Bank in a report on Thursday. BMO Capital Markets reissued a “hold” rating and issued a $70.00 price target on shares of First Republic Bank in a report on Thursday. Zacks Investment Research lowered shares of First Republic Bank from a “hold” rating to a “sell” rating in a report on Tuesday, March 22nd. Maxim Group reissued a “buy” rating and issued a $83.00 price target (up previously from $75.00) on shares of First Republic Bank in a report on Friday, April 15th. Finally, Deutsche Bank AG reissued a “hold” rating and issued a $69.00 price target on shares of First Republic Bank in a report on Tuesday, April 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the stock. First Republic Bank presently has a consensus rating of “Hold” and an average price target of $72.15.

The stock has a market cap of $10.15 billion and a PE ratio of 20.69. The firm’s 50-day moving average is $69.59 and its 200 day moving average is $66.76.

First Republic Bank (NYSE:FRC) last issued its quarterly earnings results on Thursday, April 14th. The company reported $0.88 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.08. The company had revenue of $519.60 million for the quarter, compared to analyst estimates of $542.20 million. First Republic Bank’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.68 earnings per share. Equities analysts expect that First Republic Bank will post $3.69 earnings per share for the current year.

Other large investors have added to or reduced their stakes in the company. Whittier Trust Co. increased its stake in First Republic Bank by 1.1% in the fourth quarter. Whittier Trust Co. now owns 23,897 shares of the company’s stock worth $1,579,000 after buying an additional 249 shares during the period. MUFG Americas Holdings Corp increased its stake in First Republic Bank by 0.4% in the fourth quarter. MUFG Americas Holdings Corp now owns 59,320 shares of the company’s stock worth $3,919,000 after buying an additional 254 shares during the period. Capital Management Associates NY increased its stake in First Republic Bank by 2.6% in the fourth quarter. Capital Management Associates NY now owns 15,860 shares of the company’s stock worth $1,048,000 after buying an additional 400 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its stake in First Republic Bank by 5.7% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 22,175 shares of the company’s stock worth $1,465,000 after buying an additional 1,186 shares during the period. Finally, Comerica Bank increased its stake in First Republic Bank by 6.3% in the fourth quarter. Comerica Bank now owns 27,778 shares of the company’s stock worth $1,730,000 after buying an additional 1,649 shares during the period.

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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