Barclays Plc Holding in First Rep Bk San Francisco C (FRC) Cut by $10.79 Million

First Republic Bank (NYSE:FRC) Logo

Barclays Plc decreased its stake in First Rep Bk San Francisco C (FRC) by 10.67% based on its latest 2019Q2 regulatory filing with the SEC. Barclays Plc sold 111,286 shares as the company’s stock declined 3.68% . The institutional investor held 931,546 shares of the company at the end of 2019Q2, valued at $90.96M, down from 1.04M at the end of the previous reported quarter. Barclays Plc who had been investing in First Rep Bk San Francisco C for a number of months, seems to be less bullish one the $16.12 billion market cap company. The stock increased 2.23% or $2.09 during the last trading session, reaching $95.8. About 1.21M shares traded. First Republic Bank (NYSE:FRC) has risen 0.63% since September 13, 2018 and is uptrending. It has outperformed by 0.63% the S&P500.

Barclays Plc, which manages about $163.31B US Long portfolio, upped its stake in Landstar Sys Inc (NASDAQ:LSTR) by 41,376 shares to 58,176 shares, valued at $6.28 million in 2019Q2, according to the filing. It also increased its holding in Barclays Bk Plc by 102,000 shares in the quarter, for a total of 1.29 million shares, and has risen its stake in Packaging Corp Amer (NYSE:PKG).

Analysts await First Republic Bank (NYSE:FRC) to report earnings on October, 11. They expect $1.23 EPS, up 3.36 % or $0.04 from last year’s $1.19 per share. FRC’s profit will be $206.92M for 19.47 P/E if the $1.23 EPS becomes a reality. After $1.24 actual EPS reported by First Republic Bank for the previous quarter, Wall Street now forecasts -0.81 % negative EPS growth.

More notable recent First Republic Bank (NYSE:FRC) news were published by: Finance.Yahoo.com which released: “Here’s What Hedge Funds Think About First Republic Bank (FRC) – Yahoo Finance” on June 18, 2019, also 247Wallst.com with their article: “8 Top Regional and Mid-Cap Bank Picks to Survive a Choppy 2020 – 24/7 Wall St.” published on September 04, 2019, Finance.Yahoo.com published: “PUB vs. FRC: Which Stock Is the Better Value Option? – Yahoo Finance” on July 31, 2019. More interesting news about First Republic Bank (NYSE:FRC) were released by: Finance.Yahoo.com and their article: “First Republic Bank (NYSE:FRC) Is An Attractive Dividend Stock – Here’s Why – Yahoo Finance” published on August 15, 2019 as well as Finance.Yahoo.com‘s news article titled: “Does First Republic Bank (NYSE:FRC) Deserve A Spot On Your Watchlist? – Yahoo Finance” with publication date: June 10, 2019.

First Republic Bank (NYSE:FRC) Ratings Coverage

Among 3 analysts covering First Republic Bank (NYSE:FRC), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. First Republic Bank has $112 highest and $9800 lowest target. $105.33’s average target is 9.95% above currents $95.8 stock price. First Republic Bank had 8 analyst reports since March 15, 2019 according to SRatingsIntel. Credit Suisse maintained the stock with “Neutral” rating in Thursday, July 18 report. The firm earned “Outperform” rating on Tuesday, April 2 by Wells Fargo. The firm has “Market Perform” rating given on Monday, April 15 by BMO Capital Markets. BMO Capital Markets maintained the stock with “Market Perform” rating in Friday, March 15 report.

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.