First Republic Bank (NYSE:FRC) announced its quarterly earnings results on Tuesday. The bank reported $1.91 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.84 by $0.07, MarketWatch Earnings reports. First Republic Bank had a return on equity of 12.40% and a net margin of 26.82%. During the same period in the prior year, the firm posted $1.61 EPS.
NYSE:FRC traded up $3.81 during trading hours on Thursday, hitting $208.66. The company’s stock had a trading volume of 14,987 shares, compared to its average volume of 769,505. The stock has a fifty day moving average of $198.83 and a 200-day moving average of $190.43. The stock has a market capitalization of $35.93 billion, a P/E ratio of 29.47, a price-to-earnings-growth ratio of 1.58 and a beta of 1.12. First Republic Bank has a 52-week low of $120.03 and a 52-week high of $207.66. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.97.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 12th. Investors of record on Thursday, October 28th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Wednesday, October 27th. First Republic Bank’s dividend payout ratio (DPR) is presently 15.15%.
About First Republic Bank
First Republic Bank engages in the provision of private banking, business banking, real estate lending, and wealth management, including trust and custody services. It operates through the Commercial Banking and Wealth Management segments. The Commercial Banking segment represents most of the operations, including real estate secured lending, retail deposit gathering, private banking activities, mortgage sales and servicing, and managing capital, liquidity, and interest rate risk.
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