Claraphi Advisory Network LLC acquired a new position in shares of First Republic Bank (NYSE:FRC) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,149 shares of the bank’s stock, valued at approximately $206,000.

Several other large investors have also recently made changes to their positions in the company. Crossmark Global Holdings Inc. acquired a new stake in shares of First Republic Bank during the 3rd quarter worth approximately $201,000. Alliancebernstein L.P. grew its holdings in shares of First Republic Bank by 17.5% during the 3rd quarter. Alliancebernstein L.P. now owns 108,967 shares of the bank’s stock worth $10,461,000 after purchasing an additional 16,223 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of First Republic Bank by 61.3% during the 3rd quarter. MML Investors Services LLC now owns 6,645 shares of the bank’s stock worth $638,000 after purchasing an additional 2,525 shares in the last quarter. Wetherby Asset Management Inc. acquired a new stake in shares of First Republic Bank during the 3rd quarter worth approximately $244,000. Finally, Harbour Capital Advisors LLC grew its holdings in shares of First Republic Bank by 11.4% during the 3rd quarter. Harbour Capital Advisors LLC now owns 12,926 shares of the bank’s stock worth $1,241,000 after purchasing an additional 1,320 shares in the last quarter.

Shares of FRC stock opened at $91.67 on Wednesday. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.50. The firm has a market capitalization of $14.77 billion, a P/E ratio of 20.27, a P/E/G ratio of 1.62 and a beta of 0.79. First Republic Bank has a one year low of $84.47 and a one year high of $106.75.

First Republic Bank (NYSE:FRC) last announced its quarterly 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 company had revenue of $768.83 million during the quarter, compared to analyst estimates of $765.80 million. First Republic Bank had a net margin of 24.05% and a return on equity of 11.47%. During the same period in the prior year, the firm earned $1.14 EPS. Research analysts expect that First Republic Bank will post 4.74 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, November 8th. Investors of record on Thursday, October 25th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.79%. The ex-dividend date was Wednesday, October 24th. First Republic Bank’s dividend payout ratio is 16.71%.

FRC has been the topic of several recent research reports. Royal Bank of Canada lifted 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. Piper Jaffray Companies reissued a “hold” rating and set a $94.00 price objective on shares of First Republic Bank in a report on Tuesday, October 9th. Finally, Raymond James set a $104.00 price objective on First Republic Bank and gave the stock a “buy” rating in a report on Monday, October 15th. Ten research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. First Republic Bank presently has an average rating of “Hold” and a consensus price target of $102.46.

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

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