First Rep Bk San Francisco C (FRC) Shareholder Ensemble Capital Management LLC Boosted Holding by $9.14 Million as Valuation Rose

May 17, 2018 - By Joseph Arnett

First Republic Bank (NYSE:FRC) Logo

Ensemble Capital Management Llc increased its stake in First Rep Bk San Francisco C (FRC) by 49.55% based on its latest 2017Q4 regulatory filing with the SEC. Ensemble Capital Management Llc bought 106,310 shares as the company’s stock rose 3.67% while stock markets declined. The institutional investor held 320,851 shares of the company at the end of 2017Q4, valued at $27.80M, up from 214,541 at the end of the previous reported quarter. Ensemble Capital Management Llc who had been investing in First Rep Bk San Francisco C for a number of months, seems to be bullish on the $16.03 billion market cap company. The stock decreased 0.14% or $0.14 during the last trading session, reaching $98.98. About 389,364 shares traded. First Republic Bank (NYSE:FRC) has risen 0.07% since May 17, 2017 and is uptrending. It has underperformed by 11.48% the S&P500.

More news for First Republic Bank (NYSE:FRC) were recently published by: Bizjournals.com, which released: “Why First Republic Bank is chasing the wealthy in Wyoming” on May 07, 2018. Bizjournals.com‘s article titled: “New York bank poaches from First Republic to expand into Bay Area” and published on April 18, 2018 is yet another important article.

First Republic Bank (NYSE:FRC) Ratings Coverage

Among 10 analysts covering First Republic Bank (NYSE:FRC), 2 have Buy rating, 0 Sell and 8 Hold. Therefore 20% are positive. First Republic Bank had 26 analyst reports since November 29, 2017 according to SRatingsIntel. Barclays Capital upgraded the stock to “Overweight” rating in Tuesday, March 6 report. The stock of First Republic Bank (NYSE:FRC) has “Buy” rating given on Thursday, January 4 by Maxim Group. Jefferies maintained First Republic Bank (NYSE:FRC) on Wednesday, April 18 with “Hold” rating. Sandler O’Neill maintained the stock with “Hold” rating in Thursday, January 4 report. Sandler O’Neill maintained First Republic Bank (NYSE:FRC) on Friday, April 13 with “Hold” rating. The firm earned “Buy” rating on Friday, April 13 by Maxim Group. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Monday, February 26. On Tuesday, January 16 the stock rating was maintained by Sandler O’Neill with “Hold”. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Wednesday, November 29. The firm has “Hold” rating by Barclays Capital given on Tuesday, January 2.

First Republic Bank (NYSE:FRC) Ratings Chart

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