First Republic Bank (NYSE:FRC) – Equities researchers at Jefferies Group dropped their Q1 2017 earnings estimates for First Republic Bank in a note issued to investors on Monday. Jefferies Group analyst C. Haire now anticipates that the brokerage will earn $1.00 per share for the quarter, down from their previous estimate of $1.03. Jefferies Group currently has a “Buy” rating and a $85.00 target price on the stock. Jefferies Group also issued estimates for First Republic Bank’s Q2 2017 earnings at $1.09 EPS, Q4 2017 earnings at $1.19 EPS, FY2017 earnings at $4.45 EPS and FY2018 earnings at $4.90 EPS.

Several other brokerages also recently commented on FRC. Zacks Investment Research downgraded First Republic Bank from a “buy” rating to a “hold” rating in a research note on Wednesday, September 14th. Barclays PLC set a $81.00 price objective on First Republic Bank and gave the stock a “buy” rating in a research note on Saturday, October 15th. Keefe, Bruyette & Woods reaffirmed a “hold” rating on shares of First Republic Bank in a research note on Friday, October 14th. Maxim Group raised their price objective on First Republic Bank from $83.00 to $86.00 and gave the stock a “buy” rating in a research note on Friday, October 14th. Finally, Deutsche Bank AG raised their price objective on First Republic Bank from $83.00 to $85.00 and gave the stock a “hold” rating in a research note on Tuesday, October 11th. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $80.55.

Earnings History and Estimates for First Republic Bank (NYSE:FRC)

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First Republic Bank (NYSE:FRC) opened at 81.90 on Tuesday. First Republic Bank has a 52-week low of $56.32 and a 52-week high of $86.32. The company’s 50 day moving average price is $77.77 and its 200 day moving average price is $73.89. The firm has a market cap of $12.29 billion, a PE ratio of 21.89 and a beta of 0.93.

First Republic Bank (NYSE:FRC) last posted its quarterly earnings data on Thursday, October 13th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.99 by $0.01. First Republic Bank had a return on equity of 12.95% and a net margin of 27.68%. The business earned $557.90 million during the quarter, compared to analysts’ expectations of $592.65 million. During the same quarter in the previous year, the firm earned $0.79 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 10th. Stockholders of record on Thursday, October 27th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend was Tuesday, October 25th. First Republic Bank’s payout ratio is 17.34%.

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Several institutional investors have recently made changes to their positions in the stock. Raymond James Trust N.A. boosted its position in shares of First Republic Bank by 0.6% in the third quarter. Raymond James Trust N.A. now owns 2,984 shares of the company’s stock valued at $230,000 after buying an additional 18 shares during the last quarter. Capital One National Association boosted its position in shares of First Republic Bank by 0.4% in the third quarter. Capital One National Association now owns 13,882 shares of the company’s stock valued at $1,070,000 after buying an additional 54 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of First Republic Bank by 1.4% in the second quarter. Franklin Resources Inc. now owns 3,904 shares of the company’s stock valued at $273,000 after buying an additional 55 shares during the last quarter. D L Carlson Investment Group Inc. boosted its position in shares of First Republic Bank by 0.3% in the third quarter. D L Carlson Investment Group Inc. now owns 21,235 shares of the company’s stock valued at $1,637,000 after buying an additional 65 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC boosted its position in shares of First Republic Bank by 1.3% in the second quarter. Moody Lynn & Lieberson LLC now owns 7,246 shares of the company’s stock valued at $507,000 after buying an additional 93 shares during the last quarter. Institutional investors own 99.31% of the company’s stock.

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.

5 Day Chart for NYSE:FRC

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