Hahn Capital Management LLC lowered its position in shares of First Republic Bank (NYSE:FRC) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 355,234 shares of the bank’s stock after selling 5,538 shares during the period. First Republic Bank makes up about 2.9% of Hahn Capital Management LLC’s investment portfolio, making the stock its 21st largest position. Hahn Capital Management LLC owned approximately 0.23% of First Republic Bank worth $30,777,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC raised its stake in shares of First Republic Bank by 3,865.5% during the fourth quarter. YorkBridge Wealth Partners LLC now owns 1,150 shares of the bank’s stock valued at $101,000 after purchasing an additional 1,121 shares during the period. Cerebellum GP LLC purchased a new stake in shares of First Republic Bank during the fourth quarter valued at approximately $127,000. Zions Bancorporation purchased a new stake in shares of First Republic Bank during the third quarter valued at approximately $160,000. Mawer Investment Management Ltd. purchased a new stake in shares of First Republic Bank during the third quarter valued at approximately $209,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in shares of First Republic Bank during the third quarter valued at approximately $209,000. Institutional investors own 99.00% of the company’s stock.
Shares of First Republic Bank (FRC) opened at $95.81 on Thursday. 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 stock has a market cap of $15,308.69, a price-to-earnings ratio of 22.23, a P/E/G ratio of 1.61 and a beta of 0.84. First Republic Bank has a 12 month low of $84.56 and a 12 month high of $105.52.
First Republic Bank (NYSE:FRC) last released its earnings results on Tuesday, January 16th. The bank reported $1.10 earnings per share 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 business had revenue of $699.20 million for the quarter, compared to the consensus estimate of $688.48 million. During the same quarter in the previous year, the firm earned $1.03 EPS. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. analysts expect that First Republic Bank will post 4.74 EPS for the current year.
A number of analysts have recently issued reports on FRC shares. Zacks Investment Research lowered shares of First Republic Bank from a “hold” rating to a “sell” rating in a research note on Monday, January 22nd. Royal Bank of Canada restated a “hold” rating on shares of First Republic Bank in a research note on Wednesday, January 17th. Barclays lifted their price target on shares of First Republic Bank from $98.00 to $101.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 2nd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $95.00 price target on shares of First Republic Bank in a research note on Tuesday, February 27th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $106.00 price target on shares of First Republic Bank in a research note on Thursday, December 14th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $102.85.
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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.
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