First Republic Bank (NYSE:FRC – Get Rating) was downgraded by research analysts at Compass Point from a "buy" rating to a "neutral" rating in a research report issued on Monday, Marketbeat reports. They currently have a $130.00 price target on the bank's stock, down from their previous price target of $168.00. Compass Point's price objective points to a potential upside of 228.03% from the company's current price.

Other equities research analysts have also issued reports about the company. Barclays lifted their price objective on First Republic Bank from $136.00 to $162.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 3rd. Piper Sandler lifted their price objective on First Republic Bank from $130.00 to $145.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 8th. The Goldman Sachs Group upgraded First Republic Bank from a "neutral" rating to a "buy" rating and set a $142.00 price target on the stock in a research report on Thursday, January 5th. Jefferies Financial Group upgraded First Republic Bank from a "hold" rating to a "buy" rating in a research report on Monday, January 9th. Finally, JPMorgan Chase & Co. dropped their price target on First Republic Bank from $145.00 to $140.00 and set an "overweight" rating on the stock in a research report on Tuesday, December 13th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, First Republic Bank currently has an average rating of "Hold" and a consensus price target of $144.90.

First Republic Bank Stock Performance

Shares of NYSE FRC opened at $39.63 on Monday. The stock has a market cap of $7.12 billion, a price-to-earnings ratio of 4.80 and a beta of 1.15. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.62. First Republic Bank has a 1-year low of $17.53 and a 1-year high of $174.21. The stock's 50-day moving average is $125.34 and its 200 day moving average is $127.25.

First Republic Bank (NYSE:FRC – Get Rating) last announced its quarterly earnings data on Friday, January 13th. The bank reported $1.88 earnings per share for the quarter, beating analysts' consensus estimates of $1.82 by $0.06. The company had revenue of $1.40 billion for the quarter, compared to analysts' expectations of $1.45 billion. First Republic Bank had a return on equity of 12.66% and a net margin of 24.66%. First Republic Bank's revenue for the quarter was up .0% compared to the same quarter last year. During the same period last year, the firm posted $2.02 EPS. On average, sell-side analysts anticipate that First Republic Bank will post 5.94 EPS for the current fiscal year.

Institutional Trading of First Republic Bank

A number of large investors have recently made changes to their positions in FRC. American Century Companies Inc. raised its stake in First Republic Bank by 10.8% during the 1st quarter. American Century Companies Inc. now owns 11,026 shares of the bank's stock valued at $1,787,000 after buying an additional 1,074 shares during the last quarter. Prudential PLC purchased a new stake in First Republic Bank during the first quarter valued at $612,000. Cetera Investment Advisers boosted its position in First Republic Bank by 1.4% in the first quarter. Cetera Investment Advisers now owns 10,227 shares of the bank's stock worth $1,658,000 after purchasing an additional 141 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of First Republic Bank by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 19,456,873 shares of the bank's stock valued at $3,153,959,000 after purchasing an additional 373,312 shares during the period. Finally, Candriam Luxembourg S.C.A. increased its position in shares of First Republic Bank by 129.4% during the 1st quarter. Candriam Luxembourg S.C.A. now owns 116,738 shares of the bank's stock valued at $18,922,000 after purchasing an additional 65,859 shares during the last quarter. 95.24% of the stock is currently owned by institutional investors.

First Republic Bank Company Profile

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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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