Dimensional Fund Advisors LP Buys 3128 Shares of FIRST REPUBLIC BANK (FRC)

Share

BidaskClub upgraded shares of First Republic Bank from a "hold" rating to a "buy" rating in a research report on Saturday, July 1st. The firm owned 566,596 shares of the bank's stock after acquiring an additional 3,128 shares during the quarter. First Republic Bank now has $15.20 billion valuation. 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.

First Republic Bank (FRC) traded up 0.63% during midday trading on Tuesday, hitting $97.27. CI Global Investments Inc. grew its position in First Republic Bank by 1,074.8% in the 2nd quarter. CI Global Investments Inc. now owns 6,238 shares of the bank's stock worth $624,000 after purchasing an additional 5,707 shares during the last quarter. Finally, Suntrust Banks Inc. lifted its position in FIRST REPUBLIC BANK by 22.2% during the 2nd quarter. The volume of FRC witnessed a shift from 2.96 million shares, based on a 50-day average, to 685.61 million shares. Keefe Bruyette & Woods maintained First Republic Bank (NYSE:FRC) rating on Thursday, September 28. Meanwhile, the average 12-month price target from Wall Street analysts is now $107.01, this means that the stock is underpriced by 9.672%. First Republic Bank has $121 highest and $65 lowest target. The firm earned "Hold" rating on Friday, October 13 by RBC Capital Markets.

First Republic Bank has a consensus outperform rating from 22 Wall Street analysts, and the number of shares now sold short amount to at least 2.63% of shares outstanding. When it comes to net revenue, the average estimate from a total of 10 analysts is 736.82 million - compared to $649.75 million posted in the year-ago period. The business's quarterly revenue was up 20.1% on a year-over-year basis. The institutional investor held 1.23 million shares of the telecommunications equipment company at the end of 2017Q2, valued at $8.06 million, down from 1.33 million at the end of the previous reported quarter. As of the latest earnings report the EPS was $4.10 and is expected to be $4.40 for the current year with 157,929,000 shares now outstanding.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 9th. Stockholders of record on Thursday, October 26th will be given a dividend of $0.17 per share. The ex-dividend date is Wednesday, October 25th. This dividend amount will represent a yield of $0.67.

First Republic Bank is a commercial bank and trust company. If you are accessing this article on another website, it was illegally stolen and republished in violation of US and worldwide copyright law.

Several analysts have recently weighed in on FRC shares. Jefferies maintained First Republic Bank (NYSE:FRC) rating on Friday, August 11. Piper Jaffray Companies reaffirmed a "hold" rating and set a $99.00 price objective on shares of FIRST REPUBLIC BANK in a research report on Friday, July 14th. First Republic Bank (NYSE:FRC) has risen 29.07% since October 17, 2016 and is uptrending.

First Republic Bank (FRC) failed to surprise the stock market in its last reported earnings when it earned $1.14 a piece versus the consensus-estimated $1.15. Finally, Wells Fargo & Company cut their target price on shares of First Republic Bank from $100.00 to $95.00 and set a "market perform" rating on the stock in a report on Monday. Of the analysts who provided ratings, 7 rated the company a Hold, 1 rated it a Moderate Buy, and 5 rated it a Strong Buy. Also, the current price highlights a discount of 15.47% to analysts' high consensus price target. In the most recent financial results released by First Republic Bank, for the quarter ending on 2017-09-30, the company posted EPS of 1.14. 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.

Share

Advertisement

Related Posts

FBI Knew Of Russian Bribery Before Uranium One Deal
The second deal allowed a Rosatom subsidiary, Tenex, to sell enriched uranium to US nuclear plants. The next year, they allowed Tenex to expand the amount of nuclear products they sold in the US.

No one can beat climate change like nature itself
So, if we are serious about climate change, then we have to be serious about renewable energy and clean transport. It makes forests, from the Amazon to Siberia, into a very natural greenhouse gas storage device.

America Ferrera Reveals She Was Sexually Assaulted At The Age of 9
She tweeted: "If you've been sexually harassed or assaulted write "me too" as a reply to this tweet". But five hours later she shared her experiences with the world by posting the statement.

Has $13.37 Million Holdings in JP Morgan Chase & Co (JPM)
It increased, as 56 investors sold JPM shares while 678 reduced holdings. 146 funds opened positions while 731 raised stakes. On October 6 Citigroup maintained a company rating of "Neutral" and raised the price expectation from $70.00 to $96.00.

Police Identify Armed Robbery Suspect Fatally Shot By Police
The officer is a 17-year veteran and is on routine administrative leave pending the outcome of the investigation. According to court records, Garrison was charged with armed robbery before but that was a juvenile case.

Increase in kids needing counselling
Four out of five pupils reported being anxious about inappropriate material on their smartphones and iPads, said the NSPCC. Dame Esther Rantzen, the founder of Childline is visiting the charity's Manchester base today to highlight the issue.

Russia Probe: Senate Asks Mike Flynn's Son for Documents, Testimony
Flynn responded on Twitter to the NBC News report, tweeting on September 14: "I'm not the sub of any federal investigation". The elder Flynn has also been asked by the panel to provide information and to testify.

Biden: European leader compared Trump to Mussolini
He also expressed his concern that top-level cabinet officials might leave the Trump administration. "Not a joke", Biden chastised. "That's what people are thinking".

Why Gambling Is Better than Sports Betting
Additionally, they can use these versions to practice various strategies to see which one will earn them the best winning chances. These versions give the gambler a chance to sift through the games to find the best one that resonates with their style.

Officers who 'mishandled' removal of doctor from United flight fired, official says
The sergeant was also terminated because of the "deliberate removal of facts from an employee report", said the inspector general. United is also vowing to reduce, but not eliminate, overbooking - the selling of more tickets than there are seats on the plane.

© 2015 ExpressNewsline. All Rights reserved.