FIRST REPUBLIC BANK (NYSE:FRC) Shares Sold by Great West Life Assurance Co. Can

Great West Life Assurance Co. Can reduced its position in FIRST REPUBLIC BANK (NYSE:FRC) by 0.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 80,830 shares of the bank’s stock after selling 316 shares during the period. Great West Life Assurance Co. Can owned about 0.05% of FIRST REPUBLIC BANK worth $8,078,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the company. Macquarie Group Ltd. increased its position in shares of FIRST REPUBLIC BANK by 37.7% in the fourth quarter. Macquarie Group Ltd. now owns 56,037 shares of the bank’s stock worth $5,163,000 after buying an additional 15,337 shares in the last quarter. Raymond James Trust N.A. increased its position in shares of FIRST REPUBLIC BANK by 28.8% in the first quarter. Raymond James Trust N.A. now owns 3,076 shares of the bank’s stock worth $288,000 after buying an additional 687 shares in the last quarter. Creative Planning increased its position in shares of FIRST REPUBLIC BANK by 5.5% in the first quarter. Creative Planning now owns 1,160 shares of the bank’s stock worth $109,000 after buying an additional 60 shares in the last quarter. Gulf International Bank UK Ltd increased its position in shares of FIRST REPUBLIC BANK by 12.4% in the first quarter. Gulf International Bank UK Ltd now owns 47,115 shares of the bank’s stock worth $4,419,000 after buying an additional 5,200 shares in the last quarter. Finally, Capstone Asset Management Co. increased its position in shares of FIRST REPUBLIC BANK by 27.1% in the first quarter. Capstone Asset Management Co. now owns 3,372 shares of the bank’s stock worth $316,000 after buying an additional 720 shares in the last quarter. 99.64% of the stock is owned by institutional investors.

Shares of FIRST REPUBLIC BANK (NYSE FRC) opened at 97.37 on Friday. The company’s 50 day moving average is $100.81 and its 200-day moving average is $95.90. FIRST REPUBLIC BANK has a 1-year low of $72.08 and a 1-year high of $104.17. The company has a market capitalization of $15.35 billion, a P/E ratio of 23.75 and a beta of 0.99.

FIRST REPUBLIC BANK (NYSE:FRC) last announced its quarterly earnings data on Friday, July 14th. The bank reported $1.06 EPS for the quarter, missing the consensus estimate of $1.09 by $0.03. The company had revenue of $641.30 million for the quarter, compared to analyst estimates of $671.27 million. FIRST REPUBLIC BANK had a return on equity of 12.16% and a net margin of 27.37%. The business’s quarterly revenue was up 19.8% compared to the same quarter last year. During the same period last year, the business earned $0.97 EPS. On average, equities research analysts forecast that FIRST REPUBLIC BANK will post $4.45 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 10th. Stockholders of record on Thursday, July 27th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Tuesday, July 25th. FIRST REPUBLIC BANK’s dividend payout ratio (DPR) is 16.59%.

COPYRIGHT VIOLATION WARNING: This article was originally published by Community Financial News and is the sole property of of Community Financial News. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.com-unik.info/2017/08/12/first-republic-bank-nysefrc-shares-sold-by-great-west-life-assurance-co-can.html.

FRC has been the subject of a number of research analyst reports. Piper Jaffray Companies dropped their target price on shares of FIRST REPUBLIC BANK from $97.00 to $92.00 and set a “neutral” rating for the company in a research note on Monday, April 17th. Deutsche Bank AG boosted their target price on shares of FIRST REPUBLIC BANK from $98.00 to $101.00 and gave the stock a “hold” rating in a research note on Tuesday, April 18th. Barclays PLC boosted their target price on shares of FIRST REPUBLIC BANK from $100.00 to $101.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 19th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $109.00 target price on shares of FIRST REPUBLIC BANK in a research note on Friday, May 5th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $97.00 target price on shares of FIRST REPUBLIC BANK in a research note on Friday, May 26th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $104.54.

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.

Institutional Ownership by Quarter for FIRST REPUBLIC BANK (NYSE:FRC)

What are top analysts saying about FIRST REPUBLIC BANK? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for FIRST REPUBLIC BANK and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit