First Republic Bank (FRC) Shareholder Zevenbergen Capital Investments LLC Decreased Its Stake as Shares Rose

First Republic Bank (NYSE:FRC) Corporate Logo

The stake In First Republic Bank (FRC) was decreased held by Zevenbergen Capital Investments Llc. According to 2018Q2 Securities and Exchange filling the decrease is 23.32%. The company’s stock rose 1.54% with the market as Zevenbergen Capital Investments Llc sold 109,200 shares. The institutional investor is holding 359,098 shares, compared to the 468,298 from the previous quarter. And the reported value of the company is $34.76M for the 2018Q2. $15.31B is First Republic Bank’s MC. FRC is touching $92.9 during the last trading session, after decreased 0.59%.Currently First Republic Bank is uptrending after 3.55% change in last November 10, 2017. FRC has also 568,350 shares volume. FRC underperformed the S&P 500 by 12.07%.

Zevenbergen Capital Investments Llc manages about $2.92 billion and $3.01B US Long portfolio. Its stake in Biomarin Pharmaceutical Inc. (NASDAQ:BMRN) was rose by 133,070 shares to 397,975 shares valued at $37.49M in 2018Q2, according to the filing. Zevenbergen Capital Investments Llc has risen its stake in Nevro Corp. and also increased its holding in Activision Blizzard Inc. (NASDAQ:ATVI) by 95,300 shares in the quarter, for a total of 547,715 shares.

First Republic Bank (NYSE:FRC)’s earnings report is awaited on January, 15., Faxor reports. EPS of $1.23 is 11.82 % up from 2017’s $1.1 EPS. If $1.23 is reported, FRC’s profit will reach $202.65 million for 18.88 P/E. After $1.19 EPS report previous quarter, Wall Street now sees 3.36 % EPS growth of First Republic Bank.

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

First Republic Bank (NYSE:FRC) Ratings Coverage

A total of 5 analysts rate First Republic Bank (NYSE:FRC) as follows: 3 “Buy”, 2 “Hold” and 0 “Sell”. Тherefore 60% are bullish. (NYSE:FRC) has 5 ratings reports on Nov 10, 2018 according to StockzIntelligence. On Monday, July 16 BMO Capital Markets maintained First Republic Bank (NYSE:FRC) rating. BMO Capital Markets has “Market Perform” rating and $102 target. The company rating was maintained by Wells Fargo on Tuesday, June 26. On Monday, October 15 Raymond James maintained First Republic Bank (NYSE:FRC) with “Outperform” rating.

First Republic Bank (NYSE:FRC) Analyst Ratings Chart

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