First Republic Bank (NYSE:FRC)’s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $73.75 and last traded at $73.60, with a volume of 317,764 shares. The stock had previously closed at $71.39.

Several equities analysts have issued reports on FRC shares. Zacks Investment Research lowered shares of First Republic Bank from a “buy” rating to a “hold” rating in a report on Thursday. Maxim Group reaffirmed a “buy” rating and issued a $83.00 price target (up from $75.00) on shares of First Republic Bank in a report on Friday, April 15th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of First Republic Bank in a report on Sunday, July 17th. FBR & Co lifted their price target on shares of First Republic Bank from $65.00 to $70.00 and gave the stock a “hold” rating in a report on Tuesday, April 19th. Finally, JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of First Republic Bank in a report on Sunday, July 17th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. First Republic Bank has a consensus rating of “Buy” and an average price target of $73.92.

The stock’s 50-day moving average price is $70.03 and its 200-day moving average price is $67.67. The firm has a market capitalization of $11.01 billion and a P/E ratio of 20.64.

First Republic Bank (NYSE:FRC) last issued its earnings results on Thursday, July 14th. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.06. The firm earned $535.10 million during the quarter, compared to analyst estimates of $568.53 million. During the same period in the previous year, the company earned $0.73 EPS. Analysts anticipate that First Republic Bank will post $3.91 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 11th. Stockholders of record on Thursday, July 28th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, July 26th. This represents a $0.64 annualized dividend and a dividend yield of 0.87%.

Several large investors recently modified their holdings of the stock. Mitsubishi UFJ Kokusai Asset Management CO. LTD. boosted its stake in shares of 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 valued at $1,465,000 after buying an additional 1,186 shares during the last quarter. Utah Retirement Systems boosted its stake in shares of First Republic Bank by 0.4% in the fourth quarter. Utah Retirement Systems now owns 25,502 shares of the company’s stock valued at $1,684,000 after buying an additional 100 shares during the last quarter. Comerica Bank boosted its stake in shares of First Republic Bank by 6.3% in the fourth quarter. Comerica Bank now owns 27,778 shares of the company’s stock valued at $1,730,000 after buying an additional 1,649 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of First Republic Bank by 45.5% in the fourth quarter. Bank of Montreal Can now owns 32,556 shares of the company’s stock valued at $2,150,000 after buying an additional 10,183 shares during the last quarter. Finally, Gulf International Bank UK Ltd boosted its stake in shares of First Republic Bank by 5.3% in the fourth quarter. Gulf International Bank UK Ltd now owns 41,915 shares of the company’s stock valued at $2,769,000 after buying an additional 2,100 shares during the last quarter.

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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