Rothschild Capital Partners LLC Has $4.69 Million Holdings in FIRST REPUBLIC BANK (FRC)

Rothschild Capital Partners LLC lessened its stake in FIRST REPUBLIC BANK (NYSE:FRC) by 7.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 44,860 shares of the bank’s stock after selling 3,512 shares during the period. FIRST REPUBLIC BANK comprises about 2.2% of Rothschild Capital Partners LLC’s portfolio, making the stock its 19th biggest position. Rothschild Capital Partners LLC’s holdings in FIRST REPUBLIC BANK were worth $4,686,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FRC. Highwater Wealth Management LLC bought a new stake in shares of FIRST REPUBLIC BANK during the 2nd quarter valued at about $256,000. CI Global Investments Inc. boosted its position in shares of FIRST REPUBLIC BANK by 1,074.8% during the 2nd quarter. CI Global Investments Inc. now owns 6,238 shares of the bank’s stock valued at $624,000 after purchasing an additional 5,707 shares in the last quarter. Utah Retirement Systems boosted its position in shares of FIRST REPUBLIC BANK by 2.1% during the 2nd quarter. Utah Retirement Systems now owns 28,602 shares of the bank’s stock valued at $2,863,000 after purchasing an additional 600 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of FIRST REPUBLIC BANK by 13.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,745,564 shares of the bank’s stock valued at $675,230,000 after purchasing an additional 793,964 shares in the last quarter. Finally, California Capital Advisors Inc. bought a new stake in shares of FIRST REPUBLIC BANK during the 3rd quarter valued at about $639,000. Hedge funds and other institutional investors own 97.80% of the company’s stock.

Several research analysts have issued reports on FRC shares. Jefferies Group LLC reiterated a “buy” rating and issued a $109.00 price target on shares of FIRST REPUBLIC BANK in a report on Friday, September 15th. Maxim Group reiterated a “buy” rating and issued a $110.00 price target (up previously from $105.00) on shares of FIRST REPUBLIC BANK in a report on Friday, July 14th. Barclays PLC reiterated an “equal weight” rating and issued a $110.00 price target (up previously from $101.00) on shares of FIRST REPUBLIC BANK in a report on Wednesday, July 12th. Morgan Stanley reiterated an “equal weight” rating and issued a $104.00 price target (up previously from $102.00) on shares of FIRST REPUBLIC BANK in a report on Thursday, July 6th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $99.00 price target on shares of FIRST REPUBLIC BANK in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $102.93.

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FIRST REPUBLIC BANK (NYSE:FRC) last announced its quarterly earnings data on Friday, October 13th. The bank reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02). FIRST REPUBLIC BANK had a return on equity of 12.06% and a net margin of 26.85%. The firm had revenue of $670.30 million during the quarter, compared to analysts’ expectations of $678.25 million. During the same quarter in the previous year, the firm earned $1.00 earnings per share. FIRST REPUBLIC BANK’s revenue was up 20.1% on a year-over-year basis.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Investors of record on Thursday, October 26th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, October 25th. This represents a $0.68 dividend on an annualized basis and a yield of 0.72%. FIRST REPUBLIC BANK’s payout ratio is currently 16.04%.

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.

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

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