First Republic Bank (FRC) Shares Bought by Trillium Asset Management LLC

Trillium Asset Management LLC raised its position in shares of First Republic Bank (NYSE:FRC) by 0.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 171,853 shares of the bank’s stock after purchasing an additional 1,030 shares during the quarter. Trillium Asset Management LLC’s holdings in First Republic Bank were worth $15,915,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Systematic Financial Management LP grew its stake in First Republic Bank by 2.7% during the 1st quarter. Systematic Financial Management LP now owns 90,544 shares of the bank’s stock valued at $8,385,000 after purchasing an additional 2,356 shares during the last quarter. Ceredex Value Advisors LLC purchased a new stake in First Republic Bank during the 1st quarter valued at about $117,106,000. Korea Investment CORP boosted its stake in shares of First Republic Bank by 1.8% in the first quarter. Korea Investment CORP now owns 65,389 shares of the bank’s stock worth $6,056,000 after buying an additional 1,161 shares during the last quarter. Douglass Winthrop Advisors LLC boosted its stake in shares of First Republic Bank by 11,553.4% in the first quarter. Douglass Winthrop Advisors LLC now owns 344,941 shares of the bank’s stock worth $31,945,000 after buying an additional 341,981 shares during the last quarter. Finally, Tyers Asset Management LLC boosted its stake in shares of First Republic Bank by 25.5% in the first quarter. Tyers Asset Management LLC now owns 325,584 shares of the bank’s stock worth $30,153,000 after buying an additional 66,052 shares during the last quarter.

A number of brokerages have recently commented on FRC. Royal Bank of Canada restated a “hold” rating and issued a $96.00 target price on shares of First Republic Bank in a research note on Friday, April 13th. Keefe, Bruyette & Woods restated a “hold” rating and issued a $94.00 target price on shares of First Republic Bank in a research note on Thursday, April 5th. Jefferies Group restated a “hold” rating and issued a $88.00 target price on shares of First Republic Bank in a research note on Wednesday, April 18th. Barclays upgraded First Republic Bank from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $93.00 to $110.00 in a research note on Tuesday, March 6th. Finally, Zacks Investment Research upgraded 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 assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $100.77.

Shares of First Republic Bank opened at $98.03 on Monday, Marketbeat Ratings reports. The company has a market cap of $15.46 billion, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 1.61 and a beta of 0.83. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 1.45. 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 issued its quarterly earnings results on Friday, April 13th. The bank reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.07. The company had revenue of $720.90 million for the quarter, compared to the consensus estimate of $732.68 million. First Republic Bank had a return on equity of 11.76% and a net margin of 25.33%. First Republic Bank’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.01 earnings per share. research analysts predict that First Republic Bank will post 4.8 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 10th. Shareholders of record on Thursday, April 26th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, April 25th. This represents a $0.72 dividend on an annualized basis and a yield of 0.73%. This is an increase from First Republic Bank’s previous quarterly dividend of $0.17. First Republic Bank’s dividend payout ratio is currently 16.71%.

First Republic Bank 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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