First Republic Bank (NYSE:FRC) released its quarterly earnings data on Wednesday. The bank reported $1.60 EPS for the quarter, topping the Zacks’ consensus estimate of $1.52 by $0.08, MarketWatch Earnings reports. First Republic Bank had a net margin of 22.95% and a return on equity of 10.96%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the previous year, the business posted $1.39 earnings per share. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year.
Shares of First Republic Bank stock traded down $4.80 on Friday, hitting $153.24. The stock had a trading volume of 33,918 shares, compared to its average volume of 1,254,964. The stock has a 50 day moving average of $140.61 and a 200 day moving average of $122.83. First Republic Bank has a twelve month low of $70.06 and a twelve month high of $166.82. The company has a debt-to-equity ratio of 1.58, a quick ratio of 1.03 and a current ratio of 1.03. The firm has a market capitalization of $26.39 billion, a P/E ratio of 27.53, a PEG ratio of 3.27 and a beta of 1.06.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 11th. Shareholders of record on Thursday, January 28th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 0.52%. First Republic Bank’s payout ratio is 15.38%.
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 accepts 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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