First Republic Bank (NYSE:FRC) – Analysts at Jefferies Financial Group increased their Q2 2019 earnings per share (EPS) estimates for shares of First Republic Bank in a research note issued to investors on Monday, October 15th. Jefferies Financial Group analyst C. Haire now expects that the bank will earn $1.32 per share for the quarter, up from their previous forecast of $1.30. Jefferies Financial Group has a “Hold” rating and a $96.00 price objective on the stock.

First Republic Bank (NYSE:FRC) last announced its earnings results on Friday, October 12th. The bank reported $1.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.20 by ($0.01). The firm had revenue of $768.83 million during the quarter, compared to analysts’ expectations of $765.80 million. First Republic Bank had a net margin of 24.80% and a return on equity of 11.73%. During the same quarter in the prior year, the company earned $1.14 EPS.

Several other analysts also recently commented on FRC. Wells Fargo & Co increased their target price on shares of First Republic Bank from $95.00 to $100.00 and gave the company a “market perform” rating in a report on Tuesday, June 26th. BMO Capital Markets increased their target price on shares of First Republic Bank from $96.00 to $102.00 and gave the company a “market perform” rating in a report on Friday, July 13th. Wedbush reiterated an “outperform” rating on shares of First Republic Bank in a report on Friday, July 13th. Royal Bank of Canada increased their target price on shares of First Republic Bank to $102.00 and gave the company a “sector perform” rating in a report on Thursday, September 13th. They noted that the move was a valuation call. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $94.00 target price on shares of First Republic Bank in a report on Tuesday, October 9th. Ten research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $102.46.

Shares of FRC stock opened at $91.56 on Tuesday. The stock has a market capitalization of $15.14 billion, a PE ratio of 21.10, a PEG ratio of 1.64 and a beta of 0.84. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.99 and a quick ratio of 0.99. First Republic Bank has a one year low of $84.56 and a one year high of $106.75.

A number of hedge funds and other institutional investors have recently bought and sold shares of FRC. Dimensional Fund Advisors LP increased its holdings in First Republic Bank by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 552,514 shares of the bank’s stock worth $51,168,000 after buying an additional 6,589 shares during the last quarter. Stifel Financial Corp increased its holdings in First Republic Bank by 18.6% during the first quarter. Stifel Financial Corp now owns 15,280 shares of the bank’s stock worth $1,419,000 after buying an additional 2,401 shares during the last quarter. BB&T Securities LLC increased its holdings in First Republic Bank by 12.8% during the first quarter. BB&T Securities LLC now owns 6,633 shares of the bank’s stock worth $614,000 after buying an additional 751 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in First Republic Bank by 83.0% during the first quarter. Commonwealth Equity Services LLC now owns 5,028 shares of the bank’s stock worth $465,000 after buying an additional 2,281 shares during the last quarter. Finally, Allianz Asset Management GmbH increased its holdings in First Republic Bank by 3.8% during the first quarter. Allianz Asset Management GmbH now owns 144,065 shares of the bank’s stock worth $13,342,000 after buying an additional 5,300 shares during the last quarter.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 8th. Investors of record on Thursday, October 25th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, October 24th. This represents a $0.72 dividend on an annualized basis and a yield of 0.79%. First Republic Bank’s dividend payout ratio (DPR) is presently 16.71%.

First Republic Bank Company Profile

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 and Estimates for First Republic Bank (NYSE:FRC)

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