Moneta Group Investment Advisors LLC acquired a new position in shares of First Republic Bank (NYSE:FRC) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,200 shares of the bank’s stock, valued at approximately $230,000.

Other hedge funds also recently added to or reduced their stakes in the company. Barnett & Company Inc. acquired a new stake in shares of First Republic Bank in the 2nd quarter worth about $100,000. Shine Investment Advisory Services Inc. acquired a new stake in shares of First Republic Bank in the 2nd quarter worth about $128,000. Parallel Advisors LLC raised its holdings in shares of First Republic Bank by 21.4% in the 2nd quarter. Parallel Advisors LLC now owns 1,317 shares of the bank’s stock worth $132,000 after acquiring an additional 232 shares during the last quarter. Creative Planning increased its stake in First Republic Bank by 21.3% in the 2nd quarter. Creative Planning now owns 1,407 shares of the bank’s stock valued at $141,000 after buying an additional 247 shares during the last quarter. Finally, Peddock Capital Advisors LLC purchased a new stake in First Republic Bank in the 2nd quarter valued at about $180,000.

First Republic Bank (NYSE:FRC) traded up $1.75 on Thursday, reaching $96.48. 1,010,500 shares of the company traded hands, compared to its average volume of 979,520. The company has a market cap of $14,944.27, a P/E ratio of 22.34, a PEG ratio of 1.76 and a beta of 0.99. First Republic Bank has a 52 week low of $80.70 and a 52 week high of $105.52. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.94 and a current ratio of 0.95.

First Republic Bank (NYSE:FRC) last released its quarterly earnings data on Friday, October 13th. The bank reported $1.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.02). First Republic Bank had a return on equity of 12.06% and a net margin of 26.85%. The business had revenue of $670.30 million during the quarter, compared to the consensus estimate of $678.25 million. During the same period last year, the business posted $1.00 earnings per share. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. equities analysts anticipate that First Republic Bank will post 4.36 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Shareholders of record on Thursday, October 26th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.70%. The ex-dividend date was Wednesday, October 25th. First Republic Bank’s payout ratio is 16.04%.

Several brokerages have recently issued reports on FRC. BMO Capital Markets decreased their price target on shares of First Republic Bank from $96.00 to $92.00 and set a “market perform” rating for the company in a research note on Monday, October 16th. Royal Bank Of Canada reaffirmed a “hold” rating on shares of First Republic Bank in a report on Friday, September 29th. BidaskClub downgraded shares of First Republic Bank from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. Piper Jaffray Companies reaffirmed a “hold” rating and issued a $99.00 price objective on shares of First Republic Bank in a report on Friday, September 1st. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $111.00 price objective on shares of First Republic Bank in a report on Thursday, October 19th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $102.93.

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About First Republic Bank

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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Institutional Ownership by Quarter for First Republic Bank (NYSE:FRC)

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