First Republic Bank (NYSE:FRC) posted its quarterly earnings data on Friday. The bank reported $1.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.01), MarketWatch Earnings reports. First Republic Bank had a return on equity of 11.73% and a net margin of 24.80%. During the same period last year, the company posted $1.14 EPS.

FRC stock opened at $93.12 on Friday. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $15.14 billion, a PE ratio of 21.61, a P/E/G ratio of 1.64 and a beta of 0.84. First Republic Bank has a twelve month low of $84.56 and a twelve month high of $106.75.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 8th. Stockholders of record on Thursday, October 25th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.77%. First Republic Bank’s dividend payout ratio (DPR) is currently 16.71%.

Several research analysts have issued reports on FRC shares. Royal Bank of Canada upped their price objective on First Republic Bank to $102.00 and gave the stock a “sector perform” rating in a report on Thursday, September 13th. They noted that the move was a valuation call. Jefferies Financial Group reaffirmed a “hold” rating and set a $96.00 price objective on shares of First Republic Bank in a report on Monday, July 16th. Wedbush reaffirmed an “outperform” rating on shares of First Republic Bank in a report on Friday, July 13th. BMO Capital Markets upped their price objective on First Republic Bank from $96.00 to $102.00 and gave the stock a “market perform” rating in a report on Friday, July 13th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $94.00 price objective on shares of First Republic Bank in a report on Tuesday. Ten equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $102.54.

About First Republic Bank

First Republic Bank, together with its subsidiaries, provides private banking, private business banking, real estate lending, and wealth management services to clients in metropolitan areas of the United States. It operates through two segments, Commercial Banking and Wealth Management. The company offers deposit products, such as checking, money market checking, savings, and passbook deposits, as well as certificates of deposit.

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Earnings History for First Republic Bank (NYSE:FRC)

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