FIRST REPUBLIC BANK (NYSE:FRC) Updates On Dividend Release Date


On 2016-07-14, FIRST REPUBLIC BANK (NYSE:FRC) confirmed the dividend disbursement of $0.16 a share to shareholders as on record 2016-07-28. The firm will release dividend on 2016-08-11 while ex-dividend date is reported to be 2016-07-26.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, FIRST REPUBLIC BANK (NYSE:FRC) paid a total of $0.16 per share in dividends. This figure stood at $0.16 a share in the same period a year ago indicating a deviation of 9.2593%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $76.25 on the stock. This figure is the average of recommendations offered by 12 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $84 and $67, respectively.

Taking the mathematical rating formula, the price for FIRST REPUBLIC BANK (NYSE:FRC) stands at 1.96. Earnings Review FIRST REPUBLIC BANK (NYSE:FRC) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-20. For the period ending on 2016-09-30, experts are expecting EPS of $0.99.

Coming to the quarter ending on 2015-12-31, FIRST REPUBLIC BANK (NYSE:FRC) recorded EPS of $0.89. The reported numbers came lower than the analysts’ estimates of $0.91, demonstrating a miss of $-0.02 as against reported figures.

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