KBC Group NV trimmed its holdings in shares of First Republic Bank (NYSE:FRC) by 21.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,640 shares of the bank’s stock after selling 4,211 shares during the quarter. KBC Group NV’s holdings in First Republic Bank were worth $1,355,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in FRC. Toronto Dominion Bank increased its holdings in First Republic Bank by 8.9% in the 2nd quarter. Toronto Dominion Bank now owns 2,117 shares of the bank’s stock valued at $212,000 after buying an additional 173 shares during the period. Amalgamated Bank increased its holdings in First Republic Bank by 3.8% in the 3rd quarter. Amalgamated Bank now owns 16,188 shares of the bank’s stock valued at $1,691,000 after buying an additional 590 shares during the period. Xact Kapitalforvaltning AB increased its holdings in First Republic Bank by 3.0% in the 3rd quarter. Xact Kapitalforvaltning AB now owns 20,077 shares of the bank’s stock valued at $2,097,000 after buying an additional 591 shares during the period. First Western Capital Management Co increased its holdings in First Republic Bank by 1.6% in the 4th quarter. First Western Capital Management Co now owns 37,346 shares of the bank’s stock valued at $3,236,000 after buying an additional 606 shares during the period. Finally, Global X MANAGEMENT CO LLC increased its holdings in First Republic Bank by 12.3% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 6,666 shares of the bank’s stock valued at $696,000 after buying an additional 731 shares during the period.
Shares of First Republic Bank (NYSE:FRC) opened at $95.28 on Friday. First Republic Bank has a one year low of $84.56 and a one year high of $105.52. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.46. The firm has a market cap of $14,770.74, a P/E ratio of 21.72, a PEG ratio of 1.55 and a beta of 0.91.
First Republic Bank (NYSE:FRC) last posted its quarterly earnings results on Tuesday, January 16th. The bank reported $1.10 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $688.48 million. During the same quarter in the previous year, the business posted $1.03 earnings per share. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. sell-side analysts anticipate that First Republic Bank will post 4.74 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 8th. Stockholders of record on Thursday, January 25th were paid a $0.17 dividend. The ex-dividend date was Wednesday, January 24th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.71%. First Republic Bank’s payout ratio is currently 15.78%.
Several equities analysts have commented on FRC shares. Maxim Group reissued a “buy” rating and issued a $110.00 target price on shares of First Republic Bank in a report on Thursday, January 4th. Morgan Stanley reissued an “equal weight” rating and issued a $106.00 target price on shares of First Republic Bank in a report on Thursday, December 14th. Barclays raised their target price on shares of First Republic Bank from $98.00 to $101.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Jefferies Group lowered shares of First Republic Bank from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Finally, Zacks Investment Research raised shares of First Republic Bank from a “sell” rating to a “hold” rating in a report on Friday, December 8th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $101.54.
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About First Republic Bank
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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