Rmb Capital Management LLC Holding In First Rep Bk San Francisco C (FRC) Was Has Upped

October 13, 2017 - By Adrian Erickson

Rmb Capital Management Llc increased its stake in First Rep Bk San Francisco C (FRC) by 145.83% based on its latest 2017Q2 regulatory filing with the SEC. Rmb Capital Management Llc bought 241,964 shares as the company’s stock declined 5.64% while stock markets rallied. The hedge fund held 407,886 shares of the company at the end of 2017Q2, valued at $40.83M, up from 165,922 at the end of the previous reported quarter. Rmb 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 $14.94 billion market cap company. The stock decreased 7.08% or $7.24 on October 13, reaching $94.97. About 3.37 million shares traded or 367.25% up from the average. First Republic Bank (NYSE:FRC) has risen 29.07% since October 13, 2016 and is uptrending. It has outperformed by 12.37% the S&P500.

Rmb Capital Management Llc, which manages about $3.98B and $3.49B US Long portfolio, decreased its stake in Select Sector Spdr Tr (XLF) by 1.71 million shares to 118,255 shares, valued at $2.92 million in 2017Q2, according to the filing. It also reduced its holding in Total Sys Svcs Inc (NYSE:TSS) by 53,936 shares in the quarter, leaving it with 54,359 shares, and cut its stake in Aflac Inc (NYSE:AFL).

More important recent First Republic Bank (NYSE:FRC) news were published by: Streetinsider.com which released: “First Republic Bank (FRC) PT Raised to $120 at Jefferies” on September 29, 2017, also Nasdaq.com published article titled: “First Republic Bank’s Series D Preferred Stock Crosses Above 5.5% Yield Territory”, Businesswire.com published: “First Republic Bank Announces Third Quarter 2017 Earnings and Conference Call Date” on September 26, 2017. More interesting news about First Republic Bank (NYSE:FRC) was released by: Seekingalpha.com and their article: “First Republic Bank’s (FRC) CEO Jim Herbert on Q3 2017 Results – Earnings Call …” with publication date: October 13, 2017.

First Republic Bank (NYSE:FRC) Ratings Coverage

Among 17 analysts covering First Republic Bank (NYSE:FRC), 8 have Buy rating, 0 Sell and 9 Hold. Therefore 47% are positive. First Republic Bank had 51 analyst reports since October 6, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Monday, May 29 by BMO Capital Markets. The firm has “Market Perform” rating given on Friday, July 15 by Keefe Bruyette & Woods. The company was maintained on Monday, December 19 by Maxim Group. The firm has “Buy” rating given on Tuesday, January 17 by Maxim Group. FBR Capital maintained the shares of FRC in report on Friday, July 15 with “Mkt Perform” rating. As per Monday, October 19, the company rating was maintained by RBC Capital Markets. Jefferies maintained First Republic Bank (NYSE:FRC) on Friday, September 15 with “Buy” rating. RBC Capital Markets maintained the shares of FRC in report on Friday, July 7 with “Hold” rating. The stock of First Republic Bank (NYSE:FRC) has “Hold” rating given on Tuesday, October 3 by BMO Capital Markets. On Monday, January 9 the stock rating was downgraded by Wells Fargo to “Market Perform”.

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.