Shares of First Republic Bank (NYSE:FRC) hit a new 52-week high on Tuesday . The company traded as high as $74.33 and last traded at $73.78, with a volume of 165,586 shares changing hands. The stock had previously closed at $73.81.

A number of equities analysts have recently issued reports on FRC shares. Zacks Investment Research upgraded shares of First Republic Bank from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a research note on Tuesday, July 19th. BMO Capital Markets reiterated a “market perform” rating and set a $71.00 price target on shares of First Republic Bank in a research note on Friday, July 15th. Jefferies Group restated a “buy” rating and issued a $80.00 price objective on shares of First Republic Bank in a research note on Thursday, July 7th. Keefe, Bruyette & Woods increased their price objective on shares of First Republic Bank from $70.00 to $73.00 and gave the company a “market perform” rating in a research note on Friday, July 15th. Finally, JPMorgan Chase & Co. increased their price objective on shares of First Republic Bank from $80.00 to $83.00 and gave the company an “overweight” rating in a research note on Friday, July 15th. Six equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $74.92.

The company has a market capitalization of $11.02 billion and a PE ratio of 20.64. The firm’s 50 day moving average is $71.54 and its 200-day moving average is $68.32.

First Republic Bank (NYSE:FRC) last released its quarterly earnings data on Thursday, July 14th. The company reported $0.97 EPS for the quarter, topping the Zacks’ consensus estimate of $0.91 by $0.06. The company had revenue of $535.10 million for the quarter, compared to the consensus estimate of $568.53 million. During the same period last year, the firm earned $0.73 earnings per share. On average, equities analysts forecast that First Republic Bank will post $3.91 earnings per share for the current fiscal year.

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

Several large investors have made changes to their positions in FRC. Schroder Investment Management Group boosted 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 worth $27,212,000 after buying an additional 72,600 shares during the last quarter. Marshall Wace LLP acquired a new stake in shares of First Republic Bank during the fourth quarter worth about $3,514,000. 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 worth $2,150,000 after buying an additional 10,183 shares during the last quarter. Finally, 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 worth $1,684,000 after buying an additional 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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