First Republic Bank (FRC) Shares Bought by BNP Paribas Arbitrage SA

BNP Paribas Arbitrage SA increased its stake in First Republic Bank (NYSE:FRC) by 14.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,478 shares of the bank’s stock after purchasing an additional 4,522 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in First Republic Bank were worth $3,706,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY grew its stake in First Republic Bank by 5.3% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 9,340 shares of the bank’s stock valued at $876,000 after acquiring an additional 472 shares during the last quarter. Capstone Asset Management Co. grew its stake in First Republic Bank by 10.1% in the 2nd quarter. Capstone Asset Management Co. now owns 3,712 shares of the bank’s stock valued at $372,000 after acquiring an additional 340 shares during the last quarter. Creative Planning grew its stake in First Republic Bank by 21.3% in the 2nd quarter. Creative Planning now owns 1,407 shares of the bank’s stock valued at $141,000 after acquiring an additional 247 shares during the last quarter. Aperio Group LLC grew its stake in First Republic Bank by 11.4% in the 2nd quarter. Aperio Group LLC now owns 54,228 shares of the bank’s stock valued at $5,428,000 after acquiring an additional 5,550 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in First Republic Bank by 100.6% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,071 shares of the bank’s stock valued at $107,000 after acquiring an additional 537 shares during the last quarter. Institutional investors and hedge funds own 99.07% of the company’s stock.

Shares of First Republic Bank (FRC) opened at $92.31 on Monday. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.95 and a quick ratio of 0.94. First Republic Bank has a 12-month low of $80.55 and a 12-month high of $105.52. The stock has a market cap of $14,562.50, a P/E ratio of 21.77, a P/E/G ratio of 1.72 and a beta of 0.99.

First Republic Bank (NYSE:FRC) last released its earnings results on Friday, October 13th. The bank reported $1.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.02). First Republic Bank had a return on equity of 12.06% and a net margin of 26.85%. The company had revenue of $670.30 million during the quarter, compared to analyst estimates of $678.25 million. During the same period in the prior year, the business posted $1.00 earnings per share. First Republic Bank’s revenue was up 20.1% on a year-over-year basis. analysts anticipate that First Republic Bank will post 4.36 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Thursday, October 26th were given a $0.17 dividend. The ex-dividend date was Wednesday, October 25th. This represents a $0.68 annualized dividend and a dividend yield of 0.74%. First Republic Bank’s dividend payout ratio is presently 16.04%.

A number of equities research analysts recently commented on FRC shares. Zacks Investment Research cut shares of First Republic Bank from a “hold” rating to a “sell” rating in a research note on Monday, September 18th. Jefferies Group LLC reissued a “buy” rating and issued a $109.00 price objective on shares of First Republic Bank in a research note on Friday, September 15th. Piper Jaffray Companies reissued a “hold” rating and issued a $99.00 price objective on shares of First Republic Bank in a research note on Friday, September 1st. Raymond James Financial, Inc. lowered their price objective on shares of First Republic Bank from $108.00 to $105.00 and set an “outperform” rating on the stock in a research note on Monday, October 16th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating and issued a $90.00 price objective on shares of First Republic Bank in a research note on Thursday, July 27th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. First Republic Bank has an average rating of “Hold” and a consensus target price of $102.93.

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First Republic Bank Profile

First Republic Bank is a commercial bank and trust company. The Bank specializes in providing services, including private banking, private business banking, real estate lending and wealth management services, including trust and custody services, to clients in selected metropolitan areas in the United States.

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

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