NEW YORK (TheStreet) -- Shares of First RepublicBank (FRC) - Get Report were falling 5.16% to $73.15 on heavy trading volume early Thursday afternoon after the company reported weaker-than-expected revenue for the 2016 third quarter.

Before today's opening bell, the San Francisco-based bank posted revenue of $557.9 million, below analysts' forecasts of $592.7 million. Revenue rose 19% year-over-year.

Earnings of $1 per diluted share beat analysts' estimates by a penny.

More than 1.88 million of the company's shares changed hands so far today vs. its average 30-day volume of 766,416 shares.

Separately, TheStreet Ratings Team has a "Buy" rating with a score of A+ on the stock.

The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, expanding profit margins and solid stock price performance.

The team believes its strengths outweigh the fact that the company is trading at a premium valuation based on its review of current price compared to such things as earnings and book value.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: FRC

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