First Republic Bank (NYSE:FRC) announced its earnings results on Tuesday. The bank reported $1.91 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.07, MarketWatch Earnings reports. First Republic Bank had a return on equity of 12.40% and a net margin of 26.82%. During the same quarter in the prior year, the firm earned $1.61 earnings per share.
NYSE FRC traded up $5.26 during mid-day trading on Thursday, reaching $210.11. The stock had a trading volume of 7,902 shares, compared to its average volume of 769,505. The company has a debt-to-equity ratio of 0.97, a current ratio of 0.97 and a quick ratio of 0.97. First Republic Bank has a 1 year low of $120.03 and a 1 year high of $207.66. The stock has a market cap of $36.18 billion, a PE ratio of 29.47, a price-to-earnings-growth ratio of 1.58 and a beta of 1.12. The company has a fifty day moving average price of $198.83 and a 200 day moving average price of $190.43.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 12th. Stockholders of record on Thursday, October 28th will be issued a dividend of $0.22 per share. The ex-dividend date is Wednesday, October 27th. This represents a $0.88 annualized dividend and a dividend yield of 0.42%. First Republic Bank’s payout ratio is 15.15%.
First Republic Bank Company Profile
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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