Gulf International Bank UK Ltd Sells 15,100 Shares of First Republic Bank (FRC)

Gulf International Bank UK Ltd lessened its holdings in First Republic Bank (NYSE:FRC) by 28.7% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,454 shares of the bank’s stock after selling 15,100 shares during the period. Gulf International Bank UK Ltd’s holdings in First Republic Bank were worth $3,254,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. SRS Capital Advisors Inc. bought a new stake in First Republic Bank during the third quarter worth about $100,000. Capital Advisors Ltd. LLC bought a new stake in First Republic Bank during the third quarter worth about $156,000. Crossmark Global Holdings Inc. bought a new stake in First Republic Bank during the third quarter worth about $201,000. Claraphi Advisory Network LLC bought a new stake in First Republic Bank during the third quarter worth about $206,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in First Republic Bank during the third quarter worth about $212,000.

FRC opened at $84.49 on Friday. First Republic Bank has a one year low of $79.42 and a one year high of $106.75. The company has a current ratio of 1.00, a quick ratio of 1.00 and a debt-to-equity ratio of 1.50. The company has a market cap of $13.76 billion, a PE ratio of 19.60, a P/E/G ratio of 1.34 and a beta of 0.91.

First Republic Bank (NYSE:FRC) last released its quarterly earnings results on Friday, October 12th. The bank reported $1.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.20 by ($0.01). First Republic Bank had a net margin of 24.05% and a return on equity of 11.47%. The company had revenue of $768.83 million for the quarter, compared to the consensus estimate of $765.80 million. During the same period last year, the company earned $1.14 earnings per share. As a group, equities analysts anticipate that First Republic Bank will post 4.76 EPS for the current fiscal year.

Several analysts have weighed in on FRC shares. Robert W. Baird started coverage on shares of First Republic Bank in a research note on Thursday, December 20th. They set a “neutral” rating and a $92.00 price objective on the stock. Wells Fargo & Co raised shares of First Republic Bank from a “market perform” rating to an “outperform” rating and set a $87.50 price objective on the stock in a research note on Wednesday, January 2nd. Stephens raised shares of First Republic Bank from an “equal weight” rating to an “overweight” rating in a research note on Thursday, December 20th. Morgan Stanley decreased their price objective on shares of First Republic Bank from $95.00 to $94.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Finally, Bank of America cut shares of First Republic Bank from a “buy” rating to a “neutral” rating in a research note on Thursday. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. First Republic Bank currently has a consensus rating of “Hold” and an average price target of $99.19.

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About First Republic Bank

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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