Economy

How Analysts Feel About First Republic Bank (NYSE:FRC)?

The rating was maintained by Jefferies on Monday, April 3 with "Buy". Below is a list of First Republic Bank (NYSE:FRC) latest ratings and price target changes. Institutional investors and hedge funds own 98.62% of the company's stock. Keybank National Association OH now owns 2,946 shares of the bank's stock worth $271,000 after buying an additional 25 shares during the period. First Republic Bank/San Franci now has $15.45B valuation. Private Wealth Partners LLC now owns 70,367 shares of the bank's stock worth $6,601,000 after buying an additional 7,167 shares during the last quarter. JPMorgan Chase & Co. raised its stake in FIRST REPUBLIC BANK by 26.2% in the first quarter. Creative Planning now owns 1,160 shares of the bank's stock worth $109,000 after buying an additional 60 shares during the period. Finally, Pinnacle Associates Ltd. increased its position in FIRST REPUBLIC BANK by 2.9% in the first quarter. Zacks Investment Research upgraded shares of FIRST REPUBLIC BANK from a "sell" rating to a "hold" rating in a research note on Wednesday, June 21st. About 162,605 shares traded. The company's 50-day moving average price is $94.76 and its 200 day moving average price is $93.36. The firm has a market capitalization of $15.65 billion, a price-to-earnings ratio of 24.83 and a beta of 1.02.

FIRST REPUBLIC BANK (NYSE:FRC) last issued its quarterly earnings results on Thursday, April 13th. The bank reported $1.01 EPS for the quarter, hitting the consensus estimate of $1.01. FIRST REPUBLIC BANK had a net margin of 27.99% and a return on equity of 12.16%. The company had revenue of $601.14 million for the quarter, compared to analyst estimates of $626.14 million. During the same period past year, the company earned $0.88 EPS. Bank of Montreal (USA) (NYSE:BMO) has risen 10.44% since June 26, 2016 and is uptrending.

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A number of analysts recently weighed in on FRC shares. JP Morgan maintained the shares of FRC in report on Friday, July 15 with "Overweight" rating. The stock of First Republic Bank (NYSE:FRC) earned "Hold" rating by BMO Capital Markets on Thursday, March 23. HSBC upgraded the stock to "Buy" rating in Monday, February 22 report. The firm earned "Outperform" rating on Tuesday, January 17 by FBR Capital.

Republic Bancorp, Inc is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc (the Captive). 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.

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