Equities analysts predict that First Republic Bank (NYSE:FRC) will report earnings per share of $1.23 for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for First Republic Bank’s earnings. The highest EPS estimate is $1.29 and the lowest is $1.15. First Republic Bank posted earnings per share of $1.19 during the same quarter last year, which would indicate a positive year over year growth rate of 3.4%. The firm is scheduled to announce its next quarterly earnings report on Friday, October 11th.

On average, analysts expect that First Republic Bank will report full-year earnings of $4.98 per share for the current year, with EPS estimates ranging from $4.86 to $5.07. For the next fiscal year, analysts expect that the firm will report earnings of $5.41 per share, with EPS estimates ranging from $5.12 to $5.68. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow First Republic Bank.

First Republic Bank (NYSE:FRC) last posted its quarterly earnings results on Tuesday, July 16th. The bank reported $1.24 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.26 by ($0.02). First Republic Bank had a net margin of 22.94% and a return on equity of 11.30%. The company had revenue of $819.38 million during the quarter, compared to the consensus estimate of $836.26 million. During the same period in the prior year, the company posted $1.20 EPS.

A number of equities research analysts recently issued reports on FRC shares. Credit Suisse Group decreased their price objective on shares of First Republic Bank from $105.00 to $98.00 and set a “neutral” rating for the company in a report on Thursday, July 18th. Wedbush reaffirmed an “outperform” rating on shares of First Republic Bank in a research report on Tuesday, July 16th. Raymond James lowered shares of First Republic Bank to a “hold” rating in a research report on Monday, July 8th. Maxim Group reissued a “buy” rating and issued a $110.00 price target on shares of First Republic Bank in a research report on Wednesday, July 17th. Finally, Zacks Investment Research lowered shares of First Republic Bank from a “hold” rating to a “sell” rating and set a $104.00 price target for the company. in a research report on Friday, July 5th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $103.08.

Shares of First Republic Bank stock traded up $0.03 on Monday, hitting $94.02. 697,298 shares of the company traded hands, compared to its average volume of 1,261,475. The company has a 50-day moving average price of $92.89 and a 200 day moving average price of $98.86. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.34. First Republic Bank has a 12-month low of $79.42 and a 12-month high of $107.75. The company has a market cap of $15.80 billion, a PE ratio of 19.55, a PEG ratio of 2.62 and a beta of 0.88.

A number of hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in shares of First Republic Bank by 3.0% in the 2nd quarter. BlackRock Inc. now owns 12,147,623 shares of the bank’s stock valued at $1,186,214,000 after purchasing an additional 350,766 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of First Republic Bank by 1.5% in the second quarter. JPMorgan Chase & Co. now owns 5,918,481 shares of the bank’s stock valued at $567,345,000 after purchasing an additional 87,873 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of First Republic Bank by 3.4% in the second quarter. Royal Bank of Canada now owns 3,476,401 shares of the bank’s stock valued at $339,471,000 after purchasing an additional 113,032 shares during the last quarter. Canada Pension Plan Investment Board grew its position in First Republic Bank by 8.1% during the second quarter. Canada Pension Plan Investment Board now owns 2,144,779 shares of the bank’s stock valued at $209,438,000 after buying an additional 161,331 shares during the period. Finally, Geode Capital Management LLC grew its position in First Republic Bank by 57.4% during the fourth quarter. Geode Capital Management LLC now owns 2,097,305 shares of the bank’s stock valued at $181,934,000 after buying an additional 764,661 shares during the period.

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 in 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, passbook deposits, and individual retirement accounts, as well as certificates of deposit.

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

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