First Republic Bank (NYSE:FRC) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $74.00 and last traded at $73.54, with a volume of 312,129 shares traded. The stock had previously closed at $73.16.

Several research analysts recently issued reports on the company. FBR & Co reiterated a “hold” rating on shares of First Republic Bank in a report on Sunday, July 17th. JPMorgan Chase & Co. reiterated a “buy” rating on shares of First Republic Bank in a report on Sunday, July 17th. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of First Republic Bank in a report on Sunday, July 17th. Canaccord Genuity reiterated a “buy” rating on shares of First Republic Bank in a report on Sunday, May 8th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $71.00 price target on shares of First Republic Bank in a report on Friday, July 15th. Six research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. First Republic Bank has an average rating of “Buy” and an average price target of $74.92.

The firm has a market capitalization of $11.03 billion and a PE ratio of 20.65. The firm has a 50 day moving average price of $71.29 and a 200 day moving average price of $68.20.

First Republic Bank (NYSE:FRC) last issued its earnings results on Thursday, July 14th. The company reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.06. The business had revenue of $535.10 million for the quarter, compared to the consensus estimate of $568.53 million. During the same quarter in the previous year, the business posted $0.73 earnings per share. Equities analysts anticipate that First Republic Bank will post $3.91 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, August 11th. Investors of record on Thursday, July 28th were given a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, July 26th. This represents a $0.64 annualized dividend and a dividend yield of 0.87%.

Several large investors have recently modified their holdings of FRC. Utah Retirement Systems increased 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 period. Marshall Wace LLP purchased a new stake in shares of First Republic Bank during the fourth quarter valued at approximately $3,514,000. Schroder Investment Management Group increased its stake in shares of First Republic Bank by 21.4% in the fourth quarter. Schroder Investment Management Group now owns 411,935 shares of the company’s stock valued at $27,212,000 after buying an additional 72,600 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased 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 period. Finally, Wells Fargo & Company MN increased its stake in shares of First Republic Bank by 11.5% in the fourth quarter. Wells Fargo & Company MN now owns 427,427 shares of the company’s stock valued at $28,236,000 after buying an additional 44,177 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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