First Republic Bank (FRC) Earns Hold Rating from Royal Bank Of Canada
09 Juillet, 2017, 02:51 | Author: Marc Bacque
Press coverage about FIRST REPUBLIC BANK (NYSE:FRC) has been trending somewhat positive recently, according to Accern. DnB Asset Management AS now owns 13,200 shares of the bank's stock worth $1,321,000 after buying an additional 1,000 shares during the last quarter. Nomura Asset Management Co. FIRST REPUBLIC BANK earned a media sentiment score of 0.07 on Accern's scale. Bank of Nova Scotia acquired a new stake in FIRST REPUBLIC BANK during the first quarter worth approximately $483,000. KAMES CAPITAL plc boosted its stake in shares of First Republic Bank by 0.5% in the second quarter. Xact Kapitalforvaltning AB now owns 19,486 shares of the bank's stock valued at $1,951,000 after buying an additional 65 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of First Republic Bank by 13.2% in the second quarter. KAMES CAPITAL plc now owns 977,453 shares of the bank's stock worth $97,823,000 after buying an additional 5,221 shares during the last quarter. Cambridge Trust Co. boosted its stake in shares of First Republic Bank by 31.2% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 4,466 shares of the bank's stock valued at $419,000 after buying an additional 766 shares during the last quarter. Institutional investors own 98.62% of the company's stock.
FIRST REPUBLIC BANK (NYSE:FRC) traded up 1.25% during midday trading on Tuesday, hitting $103.27. The stock had a trading volume of 952,252 shares. First Republic Bank has a 12-month low of $65.99 and a 12-month high of $103.81. The firm has a market capitalization of $16.24 billion, a P/E ratio of 25.76 and a beta of 0.99. The company has a 50 day moving average price of $96.01 and a 200 day moving average price of $93.89.
FIRST REPUBLIC BANK (NYSE:FRC) last posted its earnings results on Thursday, April 13th. The bank reported $0.96 EPS for the quarter, missing the Zacks' consensus estimate of $0.98 by $0.02. The business had revenue of $601.14 million for the quarter, compared to the consensus estimate of $626.14 million. Republic Bancorp had a net margin of 19.40% and a return on equity of 7.96%. Equities research analysts forecast that Republic Bancorp will post $2.31 earnings per share for the current fiscal year.
Body of missing 8-year-old boy found in pond
Volunteer searchers will need to bring a government issued ID, water, and should dress appropriately. Lawson has autism and is non-verbal, according to the Brownsburg, Indiana Fire Department.
TRADEMARK VIOLATION WARNING: This piece of content was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece on another publication, it was illegally copied and reposted in violation of United States & global trademark and copyright legislation. The legal version of this article can be read at https://transcriptdaily.com/2017/07/08/first-republic-bank-frc-earns-hold-rating-from-royal-bank-of-canada.html.
Jefferies Group LLC reaffirmed a "buy" rating and issued a $109.00 target price on shares of First Republic Bank in a research report on Friday, May 5th. Hovde Group raised Republic Bancorp from a "market perform" rating to an "outperform" rating and set a $39.00 price target on the stock in a research report on Wednesday, March 29th. Morgan Stanley lowered their target price on shares of First Republic Bank from $102.00 to $98.00 and set an "equal weight" rating for the company in a report on Tuesday, June 6th. BidaskClub upgraded shares of FIRST REPUBLIC BANK from a "hold" rating to a "buy" rating in a report on Saturday, July 1st. Finally, Deutsche Bank AG boosted their target price on shares of First Republic Bank from $98.00 to $101.00 and gave the company a "hold" rating in a report on Tuesday, April 18th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. The company has a consensus rating of "Buy" and a consensus price target of $101.57.
Republic Bancorp, Inc is a financial holding company of Republic Bank & Trust Company (the Bank) and Republic Insurance Services, Inc (the Captive). The Company operates through four segments: Traditional Banking, which provides traditional banking products to customers; Warehouse Lending (Warehouse), which provides short-term, revolving credit facilities to mortgage bankers across the United States through mortgage warehouse lines of credit; Mortgage Banking, which originates, sells and services long-term, single family, first lien residential real estate loans, and Republic Processing Group (RPG), which facilitates the receipt and payment of federal and state tax refund products.
The smartphone will be able to toggle "seamlessly" between the traditional display interface and a hologram one. For movies and games, the phone can switch to its special 3D holographic mode for a more immersive experience.
A Wisconsin police officer rescued a dog from a lagoon twice - the second time jumping into the water himself to reach the canine. The dog was taken to the Milwaukee Area Domestic Animal Control Commission , where officials said the canine is in good health.
Zacks Investment Research cut SkyWest from a "buy" rating to a "hold" rating in a research report on Wednesday, March 15th. ILLEGAL ACTIVITY NOTICE: This piece of content was first published by The Cerbat Gem and is owned by of The Cerbat Gem.
Negotiations are also set to continue between United and Everton to take Wayne Rooney back to Goodison Park. The ongoing quest to see who will sign Belgian striker Romelu Lukaku may finally be nearing a close.
Shares of Eni S.P.A. "TRADEMARK VIOLATION NOTICE: "[[title]]" was published by [[site]] and is the property of of [[site]]. Societe Generale raised shares of ENI S.p.A. from a hold rating to a buy rating in a research note on Tuesday, June 6th.
Two men were arrested after attempting to smuggle almost 30 pounds of meth across the USA border in two separate incidents. Of those caught last month, only 1,961 were unaccompanied children, while 2,322 were members of family units.
CAF CC - (J6) : CS Sfax 4-0 MC Alger
Ainsi donc, le MCA rencontrera le Club Africain au lieu du FUS Rabat en 1/4 et n'aura pas l'avantage de recevoir au retour. Outre ce problème financier, le coach du MCA , Kamel Mouassa, devra composer avec l'absence de plusieurs éléments.
OL: Les jeunes au pouvoir !
Enfin, Gouiri pourrait bien être la doublure de Mariano Diaz en pointe, lui qui vient de marquer 8 buts à l'Euro U17. Nabil Fekir n'a pas caché sa satisfaction au vu du potentiel affiché par cette jeune garde.
Opus Bank (NASDAQ:OPB) Stock Rating Lowered by ValuEngine
The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $26.67. After posting $0.24 EPS for the previous quarter, Opus Bank's analysts now forecast -20.83 % negative EPS growth.
Why I am perceived controversial - Fayose
He said, "I am controversial because I am doing things others are not doing because they lack the courage and are afraid". Ayodele Fayose , into a treasonable offence".