First Republic Bank (NYSE:FRC) posted its quarterly earnings data on Tuesday. The bank reported $1.91 earnings per share (EPS) for the quarter, topping the 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 quarter in the prior year, the firm posted $1.61 EPS.
FRC traded up $5.26 during trading on Thursday, hitting $210.11. 7,902 shares of the company’s stock were exchanged, compared to its average volume of 769,505. The firm has a market cap of $36.18 billion, a P/E ratio of 29.47, a price-to-earnings-growth ratio of 1.58 and a beta of 1.12. The stock has a 50 day moving average price of $198.83 and a 200 day moving average price of $190.43. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 0.97. First Republic Bank has a 1 year low of $120.03 and a 1 year high of $207.66.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 12th. Investors of record on Thursday, October 28th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date is Wednesday, October 27th. First Republic Bank’s payout ratio is currently 15.15%.
First Republic Bank Company Profile
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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