Mutual of America Capital Management LLC Decreases Position in First Republic Bank (FRC)

Mutual of America Capital Management LLC cut its position in shares of First Republic Bank (NYSE:FRC) by 39.4% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 5,430 shares of the bank’s stock after selling 3,526 shares during the period. Mutual of America Capital Management LLC’s holdings in First Republic Bank were worth $470,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Toronto Dominion Bank grew its holdings in shares of First Republic Bank by 8.9% during the second quarter. Toronto Dominion Bank now owns 2,117 shares of the bank’s stock worth $212,000 after buying an additional 173 shares in the last quarter. Whittier Trust Co. grew its holdings in shares of First Republic Bank by 2.0% during the third quarter. Whittier Trust Co. now owns 26,816 shares of the bank’s stock worth $2,801,000 after buying an additional 516 shares in the last quarter. Amalgamated Bank grew its holdings in shares of First Republic Bank by 3.8% during the third quarter. Amalgamated Bank now owns 16,188 shares of the bank’s stock worth $1,691,000 after buying an additional 590 shares in the last quarter. Xact Kapitalforvaltning AB grew its holdings in shares of First Republic Bank by 3.0% during the third quarter. Xact Kapitalforvaltning AB now owns 20,077 shares of the bank’s stock worth $2,097,000 after buying an additional 591 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC grew its holdings in shares of First Republic Bank by 12.3% during the third quarter. Global X MANAGEMENT CO LLC now owns 6,666 shares of the bank’s stock worth $696,000 after buying an additional 731 shares in the last quarter. Institutional investors and hedge funds own 98.77% of the company’s stock.

First Republic Bank (NYSE FRC) opened at $95.52 on Friday. First Republic Bank has a 52-week low of $84.56 and a 52-week high of $105.52. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.46. The company has a market capitalization of $15,068.95, a P/E ratio of 22.16, a P/E/G ratio of 1.59 and a beta of 0.91.

First Republic Bank (NYSE:FRC) last issued its quarterly earnings results on Tuesday, January 16th. The bank reported $1.10 EPS for the quarter, missing the consensus estimate of $1.15 by ($0.05). First Republic Bank had a net margin of 26.02% and a return on equity of 11.80%. The company had revenue of $699.20 million for the quarter, compared to analyst estimates of $688.48 million. During the same period last year, the company posted $1.03 earnings per share. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. equities analysts predict that First Republic Bank will post 4.74 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 8th. Investors of record on Thursday, January 25th were given a dividend of $0.17 per share. The ex-dividend date was Wednesday, January 24th. This represents a $0.68 annualized dividend and a yield of 0.71%. First Republic Bank’s dividend payout ratio (DPR) is presently 15.78%.

A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded First Republic Bank from a “hold” rating to a “sell” rating in a report on Monday, January 22nd. Keefe, Bruyette & Woods reiterated a “hold” rating on shares of First Republic Bank in a report on Wednesday, January 17th. Royal Bank of Canada reiterated a “hold” rating on shares of First Republic Bank in a report on Wednesday, January 17th. Sandler O’Neill reiterated a “hold” rating and set a $94.00 price objective on shares of First Republic Bank in a report on Wednesday, January 17th. Finally, Maxim Group reiterated a “buy” rating and set a $110.00 price objective on shares of First Republic Bank in a report on Thursday, January 4th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the company’s stock. First Republic Bank has a consensus rating of “Hold” and a consensus target price of $101.54.

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First Republic Bank Company 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.

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

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