First Republic Bank (FRC) Position Increased by Trillium Asset Management LLC

Trillium Asset Management LLC boosted its holdings in shares of First Republic Bank (NYSE:FRC) by 0.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 171,853 shares of the bank’s stock after purchasing an additional 1,030 shares during the quarter. Trillium Asset Management LLC owned about 0.11% of First Republic Bank worth $15,915,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of FRC. Nisa Investment Advisors LLC raised its stake in First Republic Bank by 18.5% during the 4th quarter. Nisa Investment Advisors LLC now owns 16,000 shares of the bank’s stock valued at $1,386,000 after purchasing an additional 2,500 shares during the period. Atria Investments LLC bought a new stake in First Republic Bank in the 4th quarter worth approximately $371,000. National Pension Service increased its stake in First Republic Bank by 5.4% in the 4th quarter. National Pension Service now owns 167,326 shares of the bank’s stock worth $14,497,000 after acquiring an additional 8,642 shares during the last quarter. Schwab Charles Investment Management Inc. increased its stake in First Republic Bank by 5.1% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 378,512 shares of the bank’s stock worth $32,795,000 after acquiring an additional 18,338 shares during the last quarter. Finally, State of Alaska Department of Revenue increased its stake in First Republic Bank by 83.9% in the 4th quarter. State of Alaska Department of Revenue now owns 28,735 shares of the bank’s stock worth $2,488,000 after acquiring an additional 13,110 shares during the last quarter.

A number of research firms have issued reports on FRC. Royal Bank of Canada reaffirmed a “hold” rating and issued a $96.00 price objective on shares of First Republic Bank in a research note on Friday, April 13th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $94.00 price objective on shares of First Republic Bank in a research note on Thursday, April 5th. Jefferies Group reaffirmed a “hold” rating and issued a $88.00 price objective on shares of First Republic Bank in a research note on Wednesday, April 18th. Barclays raised First Republic Bank from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $93.00 to $110.00 in a research note on Tuesday, March 6th. Finally, Zacks Investment Research raised First Republic Bank from a “strong sell” rating to a “hold” rating in a research note on Tuesday, March 20th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. First Republic Bank has a consensus rating of “Hold” and an average price target of $100.77.

First Republic Bank opened at $98.03 on Monday, according to Marketbeat.com. First Republic Bank has a 52-week low of $84.56 and a 52-week high of $105.52. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.97 and a quick ratio of 0.96. The firm has a market cap of $15.46 billion, a P/E ratio of 22.74, a price-to-earnings-growth ratio of 1.61 and a beta of 0.83.

First Republic Bank (NYSE:FRC) last posted its quarterly earnings data on Friday, April 13th. The bank reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.07. First Republic Bank had a return on equity of 11.76% and a net margin of 25.33%. The company had revenue of $720.90 million during the quarter, compared to analysts’ expectations of $732.68 million. During the same quarter in the previous year, the business earned $1.01 EPS. First Republic Bank’s revenue was up 10.9% compared to the same quarter last year. research analysts forecast that First Republic Bank will post 4.8 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, May 10th. Shareholders of record on Thursday, April 26th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 0.73%. This is a boost from First Republic Bank’s previous quarterly dividend of $0.17. The ex-dividend date was Wednesday, April 25th. First Republic Bank’s dividend payout ratio is currently 16.71%.

First Republic Bank Company Profile

First Republic Bank, together with its subsidiaries, provides private banking, private business banking, real estate lending, and wealth management services to clients in metropolitan areas of the United States. It operates through two segments, Commercial Banking and Wealth Management. The company offers deposit products, such as checking, money market checking, savings, and passbook deposits, as well as certificates of deposit.

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

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