Karp Capital Management Trimmed By $1.13 Million Its First Republic (FRC) Position; Last Week Pitney Bowes Inc. (PBI) Coverage

May 21, 2018 - By Orlando Nugent

First Republic Bank (NYSE:FRC) Logo

Karp Capital Management Corp decreased First Republic (FRC) stake by 53.77% reported in 2017Q4 SEC filing. Karp Capital Management Corp sold 13,124 shares as First Republic (FRC)’s stock rose 3.67%. The Karp Capital Management Corp holds 11,285 shares with $978,000 value, down from 24,409 last quarter. First Republic now has $16.15 billion valuation. The stock increased 1.71% or $1.68 during the last trading session, reaching $99.71. About 380,937 shares traded. First Republic Bank (NYSE:FRC) has risen 0.07% since May 21, 2017 and is uptrending. It has underperformed by 11.48% the S&P500.

Among 5 analysts covering Pitney Bowes (NYSE:PBI), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. Pitney Bowes had 7 analyst reports since September 1, 2015 according to SRatingsIntel. Sidoti upgraded Pitney Bowes Inc. (NYSE:PBI) on Wednesday, August 2 to “Buy” rating. Loop Capital Markets initiated the shares of PBI in report on Friday, July 28 with “Hold” rating. As per Monday, September 7, the company rating was downgraded by Zacks. On Thursday, September 17 the stock rating was maintained by Brean Capital with “Buy”. Sidoti downgraded the shares of PBI in report on Monday, May 15 to “Neutral” rating. Loop Capital maintained it with “Hold” rating and $12 target in Thursday, November 2 report. The stock has “Sell” rating by Zacks on Tuesday, September 1. See Pitney Bowes Inc. (NYSE:PBI) latest ratings:

Pitney Bowes Inc. offers customer information management, location intelligence, and customer engagement technology products and solutions in the United States and internationally. The company has market cap of $1.73 billion. The firm operates in three divisions: Small & Medium Business Solutions; Enterprise Business Solutions; and Digital Commerce Solutions. It has a 6.65 P/E ratio. The Small & Medium Business Solutions segment is involved in the sale, rental, financing, and servicing of mailing equipment, software, and supplies.

The stock increased 1.15% or $0.105 during the last trading session, reaching $9.245. About 652,238 shares traded. Pitney Bowes Inc. (NYSE:PBI) has declined 12.71% since May 21, 2017 and is downtrending. It has underperformed by 24.26% the S&P500.

Investors sentiment increased to 1.17 in Q4 2017. Its up 0.15, from 1.02 in 2017Q3. It improved, as 37 investors sold Pitney Bowes Inc. shares while 85 reduced holdings. 57 funds opened positions while 86 raised stakes. 137.03 million shares or 0.71% more from 136.06 million shares in 2017Q3 were reported. Piermont Mngmt Incorporated, Missouri-based fund reported 34,080 shares. Sirios Mngmt Ltd Partnership reported 1.79M shares or 0.99% of all its holdings. Raymond James & Associate stated it has 252,276 shares. Quinn Opportunity Partners Lc invested 0.36% in Pitney Bowes Inc. (NYSE:PBI). Hanson And Doremus Investment Mngmt holds 0% or 1,000 shares in its portfolio. Teacher Retirement System Of Texas owns 63,941 shares for 0% of their portfolio. Paloma Prtn Mngmt stated it has 0.02% in Pitney Bowes Inc. (NYSE:PBI). Meeder Asset Management owns 3,674 shares. Hbk L P reported 0% stake. 5.25M were accumulated by Comml Bank Of Ny Mellon. State Street Corp owns 5.24M shares. Johnson Gp Inc holds 0.01% in Pitney Bowes Inc. (NYSE:PBI) or 3,900 shares. Cambridge Invest Rech Advsrs Incorporated stated it has 35,443 shares or 0% of all its holdings. Blume Cap invested 0.03% of its portfolio in Pitney Bowes Inc. (NYSE:PBI). Proshare Advsr Ltd Co has invested 0% in Pitney Bowes Inc. (NYSE:PBI).

More news for Pitney Bowes Inc. (NYSE:PBI) were recently published by: Seekingalpha.com, which released: “More on Pitney Bowes’ Q1 beat” on May 02, 2018. Seekingalpha.com‘s article titled: “Pitney Bowes: Deep Value And High Yield” and published on May 04, 2018 is yet another important article.

Since May 8, 2018, it had 2 buys, and 0 sales for $188,322 activity. 10,000 Pitney Bowes Inc. (NYSE:PBI) shares with value of $88,200 were bought by SUTULA STANLEY J III. Lautenbach Marc Bradley had bought 11,100 shares worth $100,122.

More recent First Republic Bank (NYSE:FRC) news were published by: Bizjournals.com which released: “Inside First Republic Bank’s culture of success” on May 17, 2018. Also Bizjournals.com published the news titled: “Why First Republic Bank is chasing the wealthy in Wyoming” on May 07, 2018. Prnewswire.com‘s news article titled: “This Morning’s Technical Outlook on Banking Stocks — Bank of America, Bank of Montreal, Comerica, and First …” with publication date: April 26, 2018 was also an interesting one.

Among 19 analysts covering First Republic Bank (NYSE:FRC), 8 have Buy rating, 0 Sell and 11 Hold. Therefore 42% are positive. First Republic Bank had 87 analyst reports since October 6, 2015 according to SRatingsIntel. Barclays Capital maintained the shares of FRC in report on Monday, October 16 with “Equal-Weight” rating. The stock of First Republic Bank (NYSE:FRC) earned “Hold” rating by Keefe Bruyette & Woods on Tuesday, January 16. Maxim Group maintained First Republic Bank (NYSE:FRC) rating on Friday, April 13. Maxim Group has “Buy” rating and $11000 target. The stock of First Republic Bank (NYSE:FRC) has “Market Perform” rating given on Monday, October 16 by BMO Capital Markets. The firm has “Buy” rating given on Monday, February 22 by Jefferies. The stock has “Buy” rating by Maxim Group on Monday, December 19. The stock of First Republic Bank (NYSE:FRC) has “Hold” rating given on Friday, September 1 by Piper Jaffray. The rating was maintained by BMO Capital Markets with “Hold” on Friday, July 14. The stock of First Republic Bank (NYSE:FRC) earned “Hold” rating by BMO Capital Markets on Monday, December 18. The rating was maintained by RBC Capital Markets with “Hold” on Friday, August 18.

Karp Capital Management Corp increased Ft (FPE) stake by 15,559 shares to 326,863 valued at $6.54 million in 2017Q4. It also upped Pimco Dynamic Credit & Mortgage Income Fund (Cusip:72202D106) (PCI) stake by 14,185 shares and now owns 39,005 shares. I Shares Dow Jones U.S. R.E. I (IYR) was raised too.

Analysts await First Republic Bank (NYSE:FRC) to report earnings on July, 13. They expect $1.15 EPS, up 8.49% or $0.09 from last year’s $1.06 per share. FRC’s profit will be $186.28M for 21.68 P/E if the $1.15 EPS becomes a reality. After $1.13 actual EPS reported by First Republic Bank for the previous quarter, Wall Street now forecasts 1.77% EPS growth.

Pitney Bowes Inc. (NYSE:PBI) Institutional Positions Chart

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