Economy

First Republic Bank (NYSE:FRC) Receives Media Impact Score of 0.22

The institutional investor held 84,813 shares of the telecommunications equipment company at the end of 2017Q3, valued at $4.20 million, up from 40,980 at the end of the previous reported quarter. The Company operates through four segments: Traditional Banking, which provides traditional banking products to customers; Warehouse Lending (Warehouse), which provides short-term, revolving credit facilities to mortgage bankers across the United States through mortgage warehouse lines of credit; Mortgage Banking, which originates, sells and services long-term, single family, first lien residential real estate loans, and Republic Processing Group (RPG), which facilitates the receipt and payment of federal and state tax refund products. The stock decreased 1.57% or $0.8 during the last trading session, reaching $50.21. The company had a trading volume of 295,912 shares, compared to its average volume of 1,844,590.

First Republic Bank (FRC) is an interesting player in the Financial space, with a focus on Money Center Banks. It has outperformed by 12.37% the S&P500. The Manufacturers Life Insurance Company now owns 7,936 shares of the bank's stock worth $283,000 after purchasing an additional 449 shares during the period. The institutional investor held 312,097 shares of the transportation company at the end of 2017Q3, valued at $13.41M, up from 125,401 at the end of the previous reported quarter.

Kempner Capital Management Inc increased its stake in Vz Verizon Comm. Inc. for a number of months, seems to be bullish on the $204.81B market cap company. About 677,677 shares traded. Internap Corporation (NASDAQ:INAP) has risen 55.77% since February 7, 2017 and is uptrending. It has underperformed by 25.18% the S&P500.

Wedge Capital Management L L P, which manages about $10.84B and $10.74 billion US Long portfolio, decreased its stake in Wyndham Worldwide Corporation (NYSE:WYN) by 132,895 shares to 1.24 million shares, valued at $130.25 million in 2017Q3, according to the filing. Keefe, Bruyette & Woods restated a "hold" rating on shares of First Republic Bank in a research report on Wednesday, January 17th. Therefore 57% are positive. First Republic Bank had 77 analyst reports since October 6, 2015 according to SRatingsIntel. Morgan Stanley downgraded the shares of FRC in report on Wednesday, November 16 to "Equal-Weight" rating. On Monday, May 29 the stock rating was maintained by BMO Capital Markets with "Hold". As per Tuesday, December 12, the company rating was maintained by Keefe Bruyette & Woods. The rating was maintained by Wood on Friday, October 14 with "Market Perform". Jefferies maintained First Republic Bank (NYSE:FRC) rating on Monday, April 3. The company has an average rating of "Hold" and an average price target of $101.54. More interesting news about First Republic Bank (NYSE:FRC) were released by: Nasdaq.com and their article: "FIRST REPUBLIC BANK (FRC) Ex-Dividend Date Scheduled for January 24, 2018" published on January 23, 2018 as well as Zacks.com's news article titled: "First Republic (FRC) Misses on Q4 Earnings, Shares Fall 4.1%" with publication date: January 17, 2018. As per Friday, July 14, the company rating was maintained by Maxim Group.

Investors sentiment increased to 1.16 in 2017 Q3. Its up 0.15, from 0.64 in 2017Q2. It is positive, as 23 investors sold TFX shares while 114 reduced holdings. 78 funds opened positions while 211 raised stakes. Nj State Employees Deferred Compensation Plan stated it has 0.06% of its portfolio in American International Group, Inc. The legal version of this report can be accessed at https://weekherald.com/2018/02/07/wells-fargo-company-mn-purchases-5696-shares-of-republic-bancorp-inc-ky-rbcaa.html. Eastern Bancshares owns 7,331 shares. Gemmer Asset accumulated 0% or 85 shares.

First Republic Bank is a commercial bank and trust company. (NASDAQ:HUBG) or 9,131 shares. 118,029 are owned by Bluecrest Capital Mgmt. Hightower Lc reported 0.07% stake. Citigroup Inc has invested 0% in Hub Group, Inc. Plains Gp Hldgs LP was reduced too. Toronto Dominion Bank grew its stake in shares of First Republic Bank by 8.9% during the 2nd quarter. The firm earned "Hold" rating on Thursday, September 14 by Robert W. Baird.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 10th. The stock has "Outperform" rating by Robert W. Baird on Tuesday, December 19. Macquarie Group Ltd. bought a new stake in Republic Bancorp, Inc. (NYSE:VZ), 7 have Buy rating, 0 Sell and 21 Hold.



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