Economy

Morgan Stanley Acquires 12078 Shares of FIRST REPUBLIC BANK (FRC)

Morgan Stanley Acquires 12078 Shares of FIRST REPUBLIC BANK (FRC)

The stock decreased 1.35% or $1.4 during the last trading session, reaching $102.03. GLG LLC now owns 8,269 shares of the bank's stock valued at $762,000 after buying an additional 526 shares during the period. Comerica Bank now owns 11,597 shares of the bank's stock valued at $1,078,000 after buying an additional 484 shares during the last quarter. Waste Mgmt Inc Del now has $32.64B valuation. First Republic Bank has a 12-month low of $68.95 and a 12-month high of $103.81. Ladenburg Thalmann Financial Services (NYSEMKT:LTS) has declined 10.13% since July 12, 2016 and is downtrending. It has underperformed by 26.83% the S&P500. Its up 2.46, from 1.92 in 2016Q3. South Texas Money Management Limited invested in 0.19% or 50,754 shares. (NYSE:WM) or 341,045 shares. The dividend was $0.170 per share for the quarter or $0.68 annualized. (NYSE:WM). Sumitomo Mitsui Asset has 32,997 shares. Sumitomo Mitsui holds 1.56 million shares or 0.18% of its portfolio. (NYSE:WM). Adirondack Tru reported 0.9% stake. Tdam Usa invested in 0.09% or 25,497 shares. It also upped Exxon Mobil Corp (NYSE:XOM) stake by 13,220 shares and now owns 19,910 shares.

Among 14 analysts covering Waste Management Inc.

Among 7 analysts covering Carmike Cinemas (NASDAQ:CKEC), 1 have Buy rating, 0 Sell and 6 Hold. Therefore 100% are positive. Morgan Stanley now has a $104.00 price objective on the bank's stock, up from their prior price objective of $102.00. Daseke had 2 analyst reports since April 4, 2017 according to SRatingsIntel. As per Wednesday, July 29, the company rating was maintained by Barrington Research. Benchmark maintained it with "Buy" rating and $35.83 target in Monday, July 27 report. Finally, Zacks Investment Research upgraded FIRST REPUBLIC BANK from a "sell" rating to a "hold" rating in a report on Wednesday, June 21st. On December 5 Barclays maintained a company rating of "Overweight" and raised the price expectation from $81.00 to $97.00.

FIRST REPUBLIC BANK (FRC) opened at 102.03 on Wednesday. The firm has "Neutral" rating given on Tuesday, February 21 by Wedbush.

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Analysts await Waste Management, Inc. The bank reported $0.96 EPS for the quarter, missing the Zacks' consensus estimate of $0.98 by $0.02. WM's profit will be $357.95 million for 22.80 P/E if the $0.81 EPS becomes a reality.

Since January 30, 2017, it had 0 insider purchases, and 2 sales for $159,118 activity. 3,500 Waste Management, Inc. Spevak Barry had sold 3,000 shares worth $24,090 on Thursday, February 16. (NYSE:WM) on Friday, April 7. The firm owned 4,529 shares of the bank's stock after selling 395 shares during the period. Another trade for 18,072 shares valued at $135,028 was sold by Flocco Theodore J JR. Therefore 0 are positive. Ironbridge Capital Management Lp who had been investing in First Republic Bank for a number of months, seems to be less bullish one the $15.83 billion market cap company. Keefe, Bruyette & Woods set a $90.00 target price on FIRST REPUBLIC BANK and gave the company a "hold" rating in a research report on Friday, May 26th.

07/06/2017 - FIRST REPUBLIC BANK had its "equal-weight" rating reiterated by analysts at Morgan Stanley. Jefferies Group LLC reaffirmed a "buy" rating and issued a $109.00 target price on shares of FIRST REPUBLIC BANK in a research report on Sunday, June 11th. The rating was maintained by Maxim Group on Friday, October 14 with "Buy". The rating was maintained by RBC Capital Markets with "Outperform" on Tuesday, July 28. The stock has "Market Perform" rating by KBW on Thursday, August 20. The company was maintained on Friday, July 15 by FBR Capital. The firm has "Hold" rating given on Thursday, March 23 by BMO Capital Markets. Teza Capital Management LLC acquired a new position in shares of FIRST REPUBLIC BANK during the first quarter worth about $549,000. It has a 73.04 P/E ratio. The Company's community banking segment encompasses the commercial loan and deposit activities of Republic, as well as consumer loan products in the areas surrounding its store network.

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