Cam Group Holding A Lowered Its First Rep Bk San Francisco C (FRC) Position as Shares Rose

First Republic Bank (NYSE:FRC) Logo

Cam Group Holding A decreased its stake in First Rep Bk San Francisco C (FRC) by 1.39% based on its latest 2018Q2 regulatory filing with the SEC. Cam Group Holding A sold 44,844 shares as the company’s stock rose 1.54% with the market. The institutional investor held 3.19 million shares of the company at the end of 2018Q2, valued at $308.88M, down from 3.24M at the end of the previous reported quarter. Cam Group Holding A who had been investing in First Rep Bk San Francisco C for a number of months, seems to be less bullish one the $15.79B market cap company. The stock decreased 1.11% or $1.08 during the last trading session, reaching $95.8. About 1.05M shares traded. First Republic Bank (NYSE:FRC) has risen 3.55% since December 6, 2017 and is uptrending. It has underperformed by 12.07% the S&P500.

Cam Group Holding A, which manages about $7.21B US Long portfolio, upped its stake in Merck & Co Inc (NYSE:MRK) by 129,138 shares to 329,955 shares, valued at $20.03M in 2018Q2, according to the filing. It also increased its holding in Hdfc Bank Ltd (NYSE:HDB) by 151,523 shares in the quarter, for a total of 1.67 million shares, and has risen its stake in Heron Therapeutics Inc (NASDAQ:HRTX).

Analysts await First Republic Bank (NYSE:FRC) to report earnings on January, 15. They expect $1.24 EPS, up 12.73 % or $0.14 from last year’s $1.1 per share. FRC’s profit will be $204.33M for 19.31 P/E if the $1.24 EPS becomes a reality. After $1.19 actual EPS reported by First Republic Bank for the previous quarter, Wall Street now forecasts 4.20 % EPS growth.

More notable recent First Republic Bank (NYSE:FRC) news were published by: Businesswire.com which released: “Gradifi Names David Chang As CEO – Business Wire” on November 29, 2018, also Twst.com with their article: “First Republic Bank: First Republic Bank Declares Dividends on Five Series of Perpetual Preferred Stock for Fourth Quarter 2018 – The Wall Street Transcript” published on November 06, 2018, Seekingalpha.com published: “First Republic Bank: This 5.50% Preferred Stock Has Begun Trading On The NYSE – Seeking Alpha” on June 13, 2018. More interesting news about First Republic Bank (NYSE:FRC) were released by: Seekingalpha.com and their article: “First Republic Bank (FRC) CEO Jim Herbert on Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” published on October 12, 2018 as well as Fool.com‘s news article titled: “3 High-Growth Stocks That Could Soar – Motley Fool” with publication date: November 28, 2018.

First Republic Bank (NYSE:FRC) Ratings Coverage

Among 5 analysts covering First Republic Bank (NYSE:FRC), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. First Republic Bank had 5 analyst reports since June 8, 2018 according to SRatingsIntel. As per Tuesday, June 26, the company rating was maintained by Wells Fargo. BMO Capital Markets maintained the stock with “Market Perform” rating in Monday, July 16 report. Raymond James maintained First Republic Bank (NYSE:FRC) on Monday, October 15 with “Outperform” rating.

First Republic Bank (NYSE:FRC) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.