As First Republic Bank (FRC) Shares Rose, Zevenbergen Capital Investments LLC Decreased by $10.48 Million Its Stake

First Republic Bank (NYSE:FRC) Corporate Logo

In 2018Q2 SEC form is reported Zevenbergen Capital Investments Llc’s stake in First Republic Bank (FRC) which was decreased by 23.32%. The company’s stock rose 1.54% with the market as Zevenbergen Capital Investments Llc sold 109,200 shares. The company at the end of 2018Q2 was priced at $34.76 million. It’s down from 468,298 at the end of the previous reported quarter. Now it had 359,098 shares held by the institutional investor . $15.31 billion is the MC of First Republic Bank. Ticker’s shares touched $92.9 during the last trading session after 0.59% change.First Republic Bank has volume of 568,350 shares. Since November 10, 2017 FRC has risen 3.55% and is uptrending. FRC underperformed by 12.07% the S&P500.

Zevenbergen Capital Investments Llc operates about $2.92B and $3.01 billion US Long portfolio. Its stake in Tesla Inc. (NASDAQ:TSLA) was increased by 26,440 shares to 420,583 shares valued at $144.24 million in 2018Q2, according to the filing. For a total of 1.63 million shares it increased its holding in Teledoc Health Inc. by 61,325 shares in the quarter, and has risen its stake in Nevro Corp..

On January, 15 WallStreet expected First Republic Bank (NYSE:FRC)’s earnings release, as reported by Faxor. Last year’s earnings per share was $1.1, while now analysts expect change of 11.82 % up from current $1.23 earnings per share. If earnings per share of $1.23 is revealed the profit of FRC could be $202.65M giving it 18.88 P/E. Wall Street sees 3.36 % EPS growth as of January, 15.

More recent First Republic Bank (NYSE:FRC) news were released by Businesswire.com, Businesswire.com and Seekingalpha.com. The first one has “Senior Wealth Manager Joins First Republic in Napa” as a title and was released on November 05, 2018. The next is “First Republic Bank Issues Notice of Redemption of Series E Preferred Shares” on October 30, 2018. And last was released on October 12, 2018, called “First Republic Bank (FRC) CEO Jim Herbert on Q3 2018 Results – Earnings Call Transcript”.

First Republic Bank (NYSE:FRC) Ratings Coverage

In total 5 analysts cover First Republic Bank (NYSE:FRC). “Buy” rating has 3, “Sell” are 0, while 2 are “Hold”. (NYSE:FRC) has 60% bullish analysts. 5 are the (NYSE:FRC)’s ratings reports on Nov 10, 2018 according to StockzIntelligence Inc. On Monday, July 16 the firm has “Market Perform” rating given by BMO Capital Markets. On Monday, October 15 the rating was maintained by Raymond James with “Outperform”. On Tuesday, June 26 Wells Fargo maintained First Republic Bank (NYSE:FRC) with “Market Perform” rating.

First Republic Bank (NYSE:FRC) Analyst Ratings Chart

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