Rothschild Capital Partners LLC raised its stake in First Republic Bank (NYSE:FRC) by 36.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 120,260 shares of the company’s stock after buying an additional 31,865 shares during the period. First Republic Bank accounts for about 4.4% of Rothschild Capital Partners LLC’s portfolio, making the stock its 4th largest position. Rothschild Capital Partners LLC owned 0.08% of First Republic Bank worth $8,417,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of FRC. Norges Bank acquired a new stake in First Republic Bank during the fourth quarter valued at about $57,668,000. First Republic Investment Management Inc. boosted its stake in First Republic Bank by 99.6% in the first quarter. First Republic Investment Management Inc. now owns 764,592 shares of the company’s stock valued at $50,953,000 after buying an additional 381,494 shares during the last quarter. Teachers Advisors Inc. boosted its stake in First Republic Bank by 196.2% in the first quarter. Teachers Advisors Inc. now owns 573,452 shares of the company’s stock valued at $38,215,000 after buying an additional 379,872 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in First Republic Bank by 1,861.1% in the first quarter. Canada Pension Plan Investment Board now owns 265,500 shares of the company’s stock valued at $17,693,000 after buying an additional 251,962 shares during the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in First Republic Bank by 40.4% in the first quarter. TIAA CREF Investment Management LLC now owns 576,741 shares of the company’s stock valued at $38,434,000 after buying an additional 165,852 shares during the last quarter. 97.49% of the stock is currently owned by institutional investors.

Shares of First Republic Bank (NYSE:FRC) traded up 0.79% during midday trading on Tuesday, hitting $76.80. 999,923 shares of the company traded hands. The company has a 50-day moving average price of $74.34 and a 200-day moving average price of $70.33. The stock has a market capitalization of $11.51 billion, a P/E ratio of 21.55 and a beta of 1.09. First Republic Bank has a 52 week low of $56.32 and a 52 week high of $78.55.

First Republic Bank (NYSE:FRC) last issued its quarterly earnings results on Thursday, July 14th. The company reported $0.97 EPS for the quarter, beating the 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. First Republic Bank had a net margin of 27.20% and a return on equity of 12.59%. During the same period in the prior year, the firm posted $0.73 EPS. Analysts anticipate that First Republic Bank will post $3.90 earnings per share for the current fiscal year.

FRC has been the topic of several recent analyst reports. Jefferies Group reissued a “buy” rating and issued a $80.00 target price on shares of First Republic Bank in a research note on Thursday, July 7th. BMO Capital Markets restated a “hold” rating and issued a $70.00 price objective on shares of First Republic Bank in a report on Thursday, July 7th. Zacks Investment Research upgraded shares of First Republic Bank from a “hold” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Tuesday, August 16th. Barclays PLC raised their price objective on shares of First Republic Bank from $78.00 to $84.00 and gave the stock an “overweight” rating in a report on Thursday, August 11th. Finally, FBR & Co raised their price objective on shares of First Republic Bank from $70.00 to $73.00 and gave the stock a “mkt perform” rating in a report on Friday, July 15th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $74.92.

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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