Equities research analysts expect First Republic Bank (NYSE:FRC) to post sales of $836.26 million for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for First Republic Bank’s earnings. The lowest sales estimate is $826.20 million and the highest is $848.90 million. First Republic Bank reported sales of $744.11 million in the same quarter last year, which indicates a positive year-over-year growth rate of 12.4%. The business is scheduled to report its next earnings report before the market opens on Tuesday, July 16th.

On average, analysts expect that First Republic Bank will report full-year sales of $3.41 billion for the current year, with estimates ranging from $3.34 billion to $3.45 billion. For the next financial year, analysts forecast that the company will post sales of $3.84 billion, with estimates ranging from $3.58 billion to $3.95 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover First Republic Bank.

First Republic Bank (NYSE:FRC) last announced its earnings results on Friday, April 12th. The bank reported $1.26 EPS for the quarter, beating the consensus estimate of $1.22 by $0.04. The business had revenue of $807.36 million during the quarter, compared to the consensus estimate of $813.99 million. First Republic Bank had a return on equity of 11.56% and a net margin of 23.61%. During the same period in the prior year, the business posted $1.13 earnings per share.

Several equities research analysts have recently issued reports on the stock. ValuEngine lowered shares of Zions Bancorporation NA from a “hold” rating to a “sell” rating in a research note on Wednesday, March 20th. Wells Fargo & Co set a $68.00 price target on shares of Emergent Biosolutions and gave the stock a “hold” rating in a research note on Tuesday, April 2nd. Raymond James lowered shares of First Midwest Bancorp to a “hold” rating in a research note on Monday. Stephens restated a “hold” rating and set a $33.00 price target on shares of Bancorpsouth Bank in a research note on Thursday, March 21st. Finally, BMO Capital Markets raised their price target on shares of Citigroup from $92.00 to $93.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. First Republic Bank presently has a consensus rating of “Hold” and a consensus price target of $103.43.

NYSE FRC traded down $0.51 during trading on Friday, reaching $100.63. 1,166,556 shares of the company’s stock were exchanged, compared to its average volume of 1,245,690. The firm’s 50 day simple moving average is $98.00. The firm has a market capitalization of $16.82 billion, a PE ratio of 20.92, a P/E/G ratio of 1.70 and a beta of 0.89. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 1.19. First Republic Bank has a fifty-two week low of $79.42 and a fifty-two week high of $107.75.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC lifted its stake in First Republic Bank by 1.1% in the second quarter. Nisa Investment Advisors LLC now owns 11,120 shares of the bank’s stock worth $1,086,000 after purchasing an additional 120 shares during the last quarter. NN Investment Partners Holdings N.V. raised its stake in shares of First Republic Bank by 23.0% during the second quarter. NN Investment Partners Holdings N.V. now owns 14,176 shares of the bank’s stock valued at $1,384,000 after acquiring an additional 2,651 shares during the last quarter. Xact Kapitalforvaltning AB raised its stake in shares of First Republic Bank by 6.4% during the second quarter. Xact Kapitalforvaltning AB now owns 30,614 shares of the bank’s stock valued at $2,989,000 after acquiring an additional 1,831 shares during the last quarter. Patten Group Inc. raised its stake in shares of First Republic Bank by 1.3% during the second quarter. Patten Group Inc. now owns 37,966 shares of the bank’s stock valued at $3,707,000 after acquiring an additional 470 shares during the last quarter. Finally, AMF Pensionsforsakring AB raised its stake in shares of First Republic Bank by 18.5% during the second quarter. AMF Pensionsforsakring AB now owns 250,799 shares of the bank’s stock valued at $24,491,000 after acquiring an additional 39,095 shares during the last quarter.

First Republic Bank Company 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 in 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, passbook deposits, and individual retirement accounts, as well as certificates of deposit.

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Earnings History and Estimates for First Republic Bank (NYSE:FRC)

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