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Northeast Investment Management Raised First Republic Bank (FRC) Holding By $640,952; International Bancshares (IBOC) Sentiment Is 0.65

Northeast Investment Management increased First Republic Bank (FRC) stake by 5.14% reported in 2017Q3 SEC filing. Northeast Investment Management acquired 6,163 shares as First Republic Bank (FRC)’s stock declined 5.64%. The Northeast Investment Management holds 125,993 shares with $13.16 million value, up from 119,830 last quarter. First Republic Bank now has $15.60B valuation. The stock increased 1.23% or $1.17 during the last trading session, reaching $96.46. About 613,193 shares traded. First Republic Bank (NYSE:FRC) has risen 29.07% since February 21, 2017 and is uptrending. It has outperformed by 12.37% the S&P500.

International Bancshares Corporation, a financial holding company, provides commercial and retail banking services. The company has market cap of $2.73 billion. It accepts checking and saving deposits, as well as demand and time deposits from individuals, partnerships, firms, and public entities; and offers commercial, real estate, personal, home improvement, automobile, and other installment and term loans. It has a 18.69 P/E ratio. The firm also provides international banking services, including letters of credit, commercial and industrial loans, and currency exchange.

Northeast Investment Management decreased Johnson & Johnson (NYSE:JNJ) stake by 4,005 shares to 252,881 valued at $32.88M in 2017Q3. It also reduced Gilead Sciences Inc (NASDAQ:GILD) stake by 10,172 shares and now owns 6,282 shares. Blackstone Group Lp (NYSE:BX) was reduced too.

Among 18 analysts covering First Republic Bank (NYSE:FRC), 7 have Buy rating, 0 Sell and 11 Hold. Therefore 39% are positive. First Republic Bank had 77 analyst reports since October 6, 2015 according to SRatingsIntel. The firm has “Hold” rating by BMO Capital Markets given on Friday, October 13. The rating was maintained by Sandler O’Neill with “Hold” on Thursday, January 4. Jefferies maintained First Republic Bank (NYSE:FRC) on Monday, April 3 with “Buy” rating. On Tuesday, January 16 the stock rating was maintained by BMO Capital Markets with “Hold”. The firm earned “Hold” rating on Friday, December 15 by Jefferies. The stock of First Republic Bank (NYSE:FRC) earned “Mkt Perform” rating by FBR Capital on Friday, October 14. The stock of First Republic Bank (NYSE:FRC) earned “Buy” rating by Jefferies on Wednesday, October 18. The firm has “Overweight” rating given on Friday, July 15 by JP Morgan. RBC Capital Markets maintained it with “Sector Perform” rating and $98 target in Friday, March 10 report. Wood maintained it with “Market Perform” rating and $71 target in Friday, October 14 report.

Sol Capital Management Co holds 3.73% of its portfolio in International Bancshares Corporation for 329,525 shares. Polaris Capital Management Llc owns 978,005 shares or 2.19% of their US portfolio. Moreover, Zebra Capital Management Llc has 0.89% invested in the company for 68,156 shares. The Missouri-based Piermont Capital Management Inc. has invested 0.62% in the stock. Foundry Partners Llc, a Minnesota-based fund reported 373,898 shares.

Since January 1, 0001, it had 0 insider buys, and 1 insider sale for $91,675 activity.

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