NYSE:FRC

First Republic Bank (FRC) Stock Forecast, Price & News

Notice: This company has been marked as potentially delisted and may not be actively trading.

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Today's Range: N/A
50-Day Range: $2.30
▼
$123.22
52-Week Range: N/A

Volume: 16.16 million shs
Average Volume: 36.30 million shs
Market Capitalization: $413.19 million

P/E Ratio: 0.31
Dividend Yield: 17.45%
Price Target: $108.29

First Republic Bank MarketRank™ Forecast

Analyst Rating: Hold
2.10 Rating Score
Upside/Downside: ∞ Upside
$108.29 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -0.39
Upright™ Environmental Score
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.77) to $0.49 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.32 out of 5 stars

Finance Sector

477th out of 842 stocks

Commercial Banks, Not Elsewhere Classified Industry

18th out of 28 stocks

3.1

Analyst's Opinion

Consensus Rating
First Republic Bank has received a consensus rating of Hold. The company's average rating score is 2.10, and is based on 5 buy ratings, 12 hold ratings, and 3 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $108.29, First Republic Bank has a forecasted upside of ∞ from its current price of $0.00.
Amount of Analyst Coverage
First Republic Bank has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for FRC.

2.5

Dividend Strength

Dividend Leadership
First Republic Bank is a leading dividend payer. It pays a dividend yield of 17.45%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
First Republic Bank does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of First Republic Bank is 14.44%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on EPS estimates, First Republic Bank will have a dividend payout ratio of 220.41% in the coming year. This indicates that First Republic Bank may not be able to sustain their current dividend.

3.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
First Republic Bank has received a 35.11% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Pension funding services", "Mortgages", "Commercial deposit accounts", and "Consumer savings accounts" products. See details.
Environmental Sustainability
The Environmental Impact score for First Republic Bank is -0.39.

0.6

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for First Republic Bank this week, compared to 13 articles on an average week.
MarketBeat Follows
2 people have added First Republic Bank to their MarketBeat watchlist in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First Republic Bank insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.70% of the stock of First Republic Bank is held by insiders.
Percentage Held by Institutions
95.24% of the stock of First Republic Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for First Republic Bank are expected to grow in the coming year, from ($0.77) to $0.49 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First Republic Bank is 0.31, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.52.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Republic Bank is 0.31, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 81.47.

See Top Rated MarketRank™ Stocks Here

About First Republic Bank (NYSE:FRC) Stock

First Republic Bank was founded by Jim Herbert with the intention of providing exceptional levels of customer service. It was his belief that customer service would set the bank apart and create a profitable investment for its shareholders. After 35 years, his vision has proven true with a 25% CAGR that continues to this day. The initial enterprise value has grown from only $8.8 million in that time, to over $19 billion making it the 14th largest bank in the US. First Republic Bank was founded in 1985 and is headquartered in San Francisco, California.

First Republic Bank with its subsidiaries operates in two segments and provides personal banking, business banking, and wealth management services to individuals, families, organizations, and small businesses in the United States. The company’s services are available in-person at one of the more than 80 offices or via ATM, online, mobile, and debit cards.

The company offers deposit products including checking and saving accounts, money market, and CDs as well as a range of lending products. The full range of lending products includes but is not limited to residential mortgages, home equity lines of credit, commercial real estate and construction loans, and personal and business loans.

The company’s wealth management services include advisory services, online investment management, trusts, estate planning, and alternative investments as well as insurance and foreign exchange. The online brokerage service is available to all clients and can be accessed at any time via a web browser or mobile device.

First Republic Bank operates a network of more than 80 deposit-taking branches and 12 wealth management offices. The network is located primarily in California with additional branches in major metropolitan areas and two destination locations that include Portland, Boston, Palm Beach, Greenwich, New York, and Jackson, Wyoming.

First Republic Bank has proven its worth over the year by maintaining a consistently strong capital level, asset quality, and liquidity position. Its prudent management has allowed it to weather market ups and downs while commanding investment grade ratings for its bonds and preferred stock.

September 20, 2023 | msn.com

JPMorgan Chase has now closed 12 First Republic Bank branches in San Francisco

September 8, 2023 | msn.com

FDIC says supervisors could have been more aggressive before First Republic's failure

September 27, 2023 | Micro-Cap Stock Trader (Ad)

U.S. drive to onshore battery supply chains could create big winners in lithium

Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons

September 8, 2023 | wsj.com

Tiny Bank Called Republic First Faces Test of Depositors’ Faith

August 31, 2023 | usatoday.com

First Republic Bank CD rates August 2023

August 29, 2023 | news.yahoo.com

FDIC set to unveil plan for stricter regional bank rules

August 18, 2023 | bizjournals.com

San Francisco’s Federal Home Loan Bank CEO to retire

August 16, 2023 | msn.com

Michael Burry, of ‘Big Short’ fame, just bet $1.6 billion on a stock market crash

September 27, 2023 | Micro-Cap Stock Trader (Ad)

U.S. drive to onshore battery supply chains could create big winners in lithium

Investor Find Lithium Gold and Crush the Bear Market with 32k Metric Tons

July 23, 2023 | investing.com

FRC_ph Historical Data

July 14, 2023 | theglobeandmail.com

Stock market today: A raucous week for Wall Street closes with a quiet, mixed finish

July 14, 2023 | ft.com

FRC Company Calendar

Last Earnings: 4/24/2023
Today: 9/27/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Commercial banks, not elsewhere classified
Sub-Industry: Regional Banks
Sector: Finance
Current Symbol: NYSE:FRC
CUSIP: 33616C10
CIK: 1132979
Web: www.firstrepublic.com
Phone: (415) 392-1400
Fax: 415-392-1413
Employees: 7,213
Year Founded: 1985

Price Target and Rating

Average Stock Price Forecast: $108.29
High Stock Price Forecast: $185.00
Low Stock Price Forecast: $11.00
Consensus Rating: Hold
Rating Score (0-4): 2.10
Research Coverage: 20 Analysts

Profitability

EPS (Most Recent Fiscal Year): $7.48
Trailing P/E Ratio: 0.31
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $1.67 billion
Net Margins: 20.45%
Pretax Margin: 26.17%
Return on Equity: 11.26%
Return on Assets: 0.72%

Debt

Debt-to-Equity Ratio: 1.83
Current Ratio: 1.00
Quick Ratio: 0.97

Sales & Book Value

Annual Sales: $5.77 billion
Price / Sales: 0.00
Cash Flow: N/A
Price / Cash Flow: 0.60
Book Value: $79.92 per share
Price / Book: N/A

Miscellaneous

Outstanding Shares: 179,647,000
Free Float: 178,389,000
Market Cap: $413.19 million
Optionable: Optionable
Beta: 1.01

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Key Executives

Michael J. Roffler
President, Chief Executive Officer & Director

Susie Cranston
Chief Operating Officer & Executive Vice President

Neal Holland
Chief Financial Officer & Executive Vice President

James D. Hughes
Chief Information Officer & Executive VP

David B. Lichtman
Chief Credit Officer & Senior Executive VP

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

FRC Stock - Frequently Asked Questions

Should I buy or sell First Republic Bank stock right now?: 20 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Republic Bank in the last year. There are currently 3 sell ratings, 12 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" FRC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FRC, but not buy additional shares or sell existing shares.
View FRC analyst ratings or view top-rated stocks.
What is First Republic Bank's stock price forecast for 2023?: 20 Wall Street research analysts have issued 12-month price targets for First Republic Bank's shares. Their FRC share price forecasts range from $11.00 to $185.00. On average, they anticipate the company's share price to reach $108.29 in the next twelve months.
View analysts price targets for FRC or view top-rated stocks among Wall Street analysts.
How were First Republic Bank's earnings last quarter?: First Republic Bank (NYSE:FRC) issued its earnings results on Monday, April, 24th. The bank reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.51. The bank earned $1.21 billion during the quarter, compared to analysts' expectations of $1.13 billion. First Republic Bank had a net margin of 20.45% and a trailing twelve-month return on equity of 11.26%. The firm's revenue was down 13.4% compared to the same quarter last year. During the same quarter last year, the company posted $2.00 EPS.
Read the conference call transcript.
How often does First Republic Bank pay dividends? What is the dividend yield for First Republic Bank?: First Republic Bank announced a quarterly dividend on Friday, January 13th. Investors of record on Thursday, January 26th will be paid a dividend of $0.27 per share on Thursday, February 9th. This represents a $1.08 annualized dividend and a yield of ∞. The ex-dividend date of this dividend is Wednesday, January 25th.
Read our dividend analysis for FRC.
What ETF holds First Republic Bank's stock ?: John Hancock Multifactor Mid Cap ETF holds 53,325 shares of FRC stock, representing 0.24% of its portfolio.
Is First Republic Bank a good dividend stock?: First Republic Bank (NYSE:FRC) pays an annual dividend of $1.08 per share and currently has a dividend yield of 17.45%. FRC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 14.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, FRC will have a dividend payout ratio of 220.41% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for FRC.

What is James H. Herbert II's approval rating as First Republic Bank's CEO?: 255 employees have rated First Republic Bank Chief Executive Officer James H. Herbert II on Glassdoor.com. James H. Herbert II has an approval rating of 97% among the company's employees. This puts James H. Herbert II in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.
What other stocks do shareholders of First Republic Bank own?: Based on aggregate information from My MarketBeat watchlists, some companies that other First Republic Bank investors own include CA (CA), BlackRock (BLK), Chipotle Mexican Grill (CMG), Accenture (ACN), Micron Technology (MU), NVIDIA (NVDA), AbbVie (ABBV), Endologix (ELGX), Costco Wholesale (COST) and AutoZone (AZO).
What is First Republic Bank's stock symbol?: First Republic Bank trades on the New York Stock Exchange (NYSE) under the ticker symbol "FRC."
Who are First Republic Bank's major shareholders?: First Republic Bank's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Simplex Trading LLC (0.00%), FNY Investment Advisers LLC (0.00%), Belvedere Trading LLC (0.00%), Steel Peak Wealth Management LLC (0.00%), CenterStar Asset Management LLC (0.00%) and Cutler Group LLC CA (0.00%).
How much money does First Republic Bank make?: First Republic Bank (NYSE:FRC) has a market capitalization of $0.00 and generates $5.77 billion in revenue each year. The bank earns $1.67 billion in net income (profit) each year or $7.48 on an earnings per share basis.
How many employees does First Republic Bank have?: The company employs 7,213 workers across the globe.
How can I contact First Republic Bank?: First Republic Bank's mailing address is 111 Pine Street 2nd Floor, San Francisco CA, 94111. The official website for the company is www.firstrepublic.com. The bank can be reached via phone at (415) 392-1400, via email at investorrelations@firstrepublic.com, or via fax at 415-392-1413.

This page (NYSE:FRC) was last updated on 9/27/2023 by MarketBeat.com Staff

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First Republic Bank (FRC) Stock Forecast, Price & News

First Republic Bank MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About First Republic Bank (NYSE:FRC) Stock

FRC Stock News Headlines

FRC Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Institutional Ownership

FRC Stock - Frequently Asked Questions

Overall MarketRank^™