FIRST REPUBLIC BANK (NYSE:FRC) Stake Raised by National Pension Service

Caxton Associates LP purchased a new stake in FIRST REPUBLIC BANK (NYSE:FRC) during the first quarter, according to its most recent filing with the Securities and Exchange Commission.

A number of brokerages have weighed in on FRC. Finally, BidaskClub raised FIRST REPUBLIC BANK from a "sell" rating to a "hold" rating in a research note on Saturday, June 10th. Barclays PLC increased their target price on FIRST REPUBLIC BANK from $100.00 to $101.00 and gave the stock an "overweight" rating in a report on Wednesday, April 19th. Jefferies Group LLC reaffirmed a "buy" rating and set a $105.00 price target on shares of First Republic Bank in a research note on Friday, March 31st. Ten equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of "Hold" and an average target price of $104.54.

First Republic Bank (FRC) traded down 0.80% during mid-day trading on Thursday, hitting $101.35. 131,989 shares of the company's stock traded hands. The company has market cap of $13.71 billion. First Republic Bank has $121 highest and $65 lowest target. The firm's 50 day moving average is $9.22 and its 200-day moving average is $8.42.

First Republic Bank (FRC) reported earnings for its second quarter that advanced compared to the same period a year ago. After $1.06 actual EPS reported by First Republic Bank for the previous quarter, Wall Street now forecasts 10.38% EPS growth.

First Republic Bank (NYSE:FRC) just had their share rating of a "Buy" issued by research analysts at Maxim Group, who now has a $110 target price per share on the $15.80 billion market cap company or a 9.35 % upside potential. The business had revenue of $641.30 million for the quarter, compared to the consensus estimate of $671.27 million. On average, analysts expect First Republic Bank to post $4.50 EPS for the current fiscal year and $5.38 EPS for the next fiscal year. This represents a $0.68 annualized dividend and a dividend yield of 0.67%. The ex-dividend date will be Tuesday April 25th, 2017. Jefferies Group also issued estimates for First Republic Bank's Q4 2017 earnings at $1.20 EPS.

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Hedge funds have recently modified their holdings of the company. Finally, HRT Financial LLC acquired a new position in FIRST REPUBLIC BANK during the first quarter worth approximately $201,000. Boston Family Office LLC boosted its stake in FIRST REPUBLIC BANK by 0.5% in the first quarter. Creative Planning increased its stake in shares of FIRST REPUBLIC BANK by 5.5% in the first quarter. JPMorgan Chase & Co. increased its position in FIRST REPUBLIC BANK by 26.2% in the first quarter.

FIRST REPUBLIC BANK has increased its dividend by an average of 20.5% per year over the last three years and has increased its dividend every year for the last 4 years. BlackRock Inc. now owns 9,831,999 shares of the bank's stock worth $922,340,000 after buying an additional 9,605,945 shares during the period. Hedge funds and other institutional investors own 98.61% of the company's stock. 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.

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