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NYSE:FRC - First Republic Bank Stock Price, Forecast & News

$112.53
+1.56 (+1.41 %)
(As of 12/8/2019 05:16 AM ET)
Today's Range
$112.06
Now: $112.53
$113.18
50-Day Range
$103.55
MA: $108.50
$112.56
52-Week Range
$79.42
Now: $112.53
$113.18
Volume820,321 shs
Average Volume1.20 million shs
Market Capitalization$18.96 billion
P/E Ratio23.40
Dividend Yield0.68%
Beta0.9
First Republic Bank, together with its subsidiaries, provides private banking, private business banking, real estate lending, and wealth management services to clients in metropolitan areas in the United States. It operates through two segments, Commercial Banking and Wealth Management. The company offers deposit products, such as checking, money market checking, savings, passbook deposits, and individual retirement accounts, as well as certificates of deposit. Read More…

Industry, Sector and Symbol

Industry Commercial banks, not elsewhere classified
Sub-IndustryRegional Banks
SectorFinance
CUSIP33616C10
Phone415-392-1400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.58 billion
Cash Flow$6.01 per share
Book Value$46.92 per share

Profitability

Net Income$853.83 million

Miscellaneous

Employees4,480
Market Cap$18.96 billion
Next Earnings Date1/21/2020 (Estimated)
OptionableOptionable

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First Republic Bank (NYSE:FRC) Frequently Asked Questions

What is First Republic Bank's stock symbol?

First Republic Bank trades on the New York Stock Exchange (NYSE) under the ticker symbol "FRC."

How often does First Republic Bank pay dividends? What is the dividend yield for First Republic Bank?

First Republic Bank declared a quarterly dividend on Tuesday, October 15th. Investors of record on Thursday, October 31st will be given a dividend of $0.19 per share on Thursday, November 14th. This represents a $0.76 annualized dividend and a yield of 0.68%. The ex-dividend date of this dividend is Wednesday, October 30th. View First Republic Bank's Dividend History.

How were First Republic Bank's earnings last quarter?

First Republic Bank (NYSE:FRC) posted its quarterly earnings results on Tuesday, October, 15th. The bank reported $1.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.21 by $0.10. The bank had revenue of $837.19 million for the quarter, compared to analyst estimates of $830.60 million. First Republic Bank had a return on equity of 11.23% and a net margin of 22.69%. During the same period last year, the business posted $1.19 EPS. View First Republic Bank's Earnings History.

When is First Republic Bank's next earnings date?

First Republic Bank is scheduled to release their next quarterly earnings announcement on Tuesday, January 21st 2020. View Earnings Estimates for First Republic Bank.

What price target have analysts set for FRC?

15 equities research analysts have issued 1 year target prices for First Republic Bank's stock. Their forecasts range from $92.00 to $125.00. On average, they expect First Republic Bank's share price to reach $106.23 in the next twelve months. This suggests that the stock has a possible downside of 5.6%. View Analyst Price Targets for First Republic Bank.

What is the consensus analysts' recommendation for First Republic Bank?

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Republic Bank in the last year. There are currently 10 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for First Republic Bank.

What are Wall Street analysts saying about First Republic Bank stock?

Here are some recent quotes from research analysts about First Republic Bank stock:
  • 1. Maxim Group analysts commented, "2Q19 results included record loan originations and excellent credit quality. The NIM was down 12bps linked-quarter, but NIM compression is expected to slow materially. Wealth management fees were down due to departure of an advisor group, but expenses should be down similarly. We are lowering our 2020 EPS estimate to $5.65, from $6.00, and lowering our price target to $110, from $115. Our new price target equates to 19.5x (vs. 19.2x for our previous price target) our new 2020 EPS estimate, which is inline with other best-in-class Smid-Cap Banks." (7/17/2019)
  • 2. According to Zacks Investment Research, "Shares of First Republic have outperformed the industry over the past six months. Also, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters. The company's revenue growth is aided by rising loans and deposits balance. Notably, increasing loan originations are expected to support the company’s growth prospects over the long run. Further, a strong capital position keeps it well poised to undertake expansion moves. However, despite higher interest rates, decline in First Republic's net interest margin is a concern as it hurts interest income growth to some extent. Also, escalating costs owing to investments in digital initiatives might hurt its bottom-line expansion. Additionally, stretched valuation remain a headwind for the company." (7/5/2019)

Has First Republic Bank been receiving favorable news coverage?

News coverage about FRC stock has been trending somewhat positive recently, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. First Republic Bank earned a daily sentiment score of 2.0 on InfoTrie's scale. They also gave news articles about the bank a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for First Republic Bank.

Are investors shorting First Republic Bank?

First Republic Bank saw a increase in short interest during the month of October. As of October 31st, there was short interest totalling 13,230,000 shares, an increase of 16.2% from the September 30th total of 11,390,000 shares. Based on an average daily trading volume, of 1,160,000 shares, the days-to-cover ratio is presently 11.4 days. Currently, 7.9% of the company's shares are sold short. View First Republic Bank's Current Options Chain.

Who are some of First Republic Bank's key competitors?

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), Endologix (ELGX), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Accenture (ACN), Micron Technology (MU), Bank Of The Ozarks (OZRK), United Rentals (URI) and NVIDIA (NVDA).

Who are First Republic Bank's key executives?

First Republic Bank's management team includes the folowing people:
  • Mr. James H. Herbert II, Founder, Chairman & CEO (Age 75)
  • Ms. Hafize Gaye Erkan, Pres & Director (Age 39)
  • Mr. Michael J. Roffler, Exec. VP & CFO (Age 48)
  • Mr. David B. Lichtman, Sr. EVP & Chief Credit Officer (Age 56)
  • Mr. Michael D. Selfridge, Chief Banking Officer & Sr. EVP (Age 52)

Who are First Republic Bank's major shareholders?

First Republic Bank's stock is owned by a number of of retail and institutional investors. Top institutional investors include State Street Corp (5.69%), Select Equity Group L.P. (2.56%), C WorldWide Group Holding A S (1.79%), Diamond Hill Capital Management Inc. (1.69%), WCM Investment Management LLC (1.01%) and Congress Asset Management Co. MA (0.86%).

Which major investors are selling First Republic Bank stock?

FRC stock was sold by a variety of institutional investors in the last quarter, including Parnassus Investments CA, Barclays PLC, Russell Investments Group Ltd., First Trust Advisors LP, Systematic Financial Management LP, C WorldWide Group Holding A S, Miracle Mile Advisors LLC and GW&K Investment Management LLC.

Which major investors are buying First Republic Bank stock?

FRC stock was purchased by a variety of institutional investors in the last quarter, including Select Equity Group L.P., Alecta Pensionsforsakring Omsesidigt, Diamond Hill Capital Management Inc., Anchor Capital Advisors LLC, State Street Corp, California Public Employees Retirement System, State of New Jersey Common Pension Fund D and SG Americas Securities LLC.

How do I buy shares of First Republic Bank?

Shares of FRC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is First Republic Bank's stock price today?

One share of FRC stock can currently be purchased for approximately $112.53.

How big of a company is First Republic Bank?

First Republic Bank has a market capitalization of $18.96 billion and generates $3.58 billion in revenue each year. The bank earns $853.83 million in net income (profit) each year or $4.81 on an earnings per share basis. First Republic Bank employs 4,480 workers across the globe.View Additional Information About First Republic Bank.

What is First Republic Bank's official website?

The official website for First Republic Bank is http://www.firstrepublic.com/.

How can I contact First Republic Bank?

First Republic Bank's mailing address is 111 Pine Street 2nd Floor, San Francisco CA, 94111. The bank can be reached via phone at 415-392-1400 or via email at [email protected]


MarketBeat Community Rating for First Republic Bank (NYSE FRC)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  500 (Vote Outperform)
Underperform Votes:  556 (Vote Underperform)
Total Votes:  1,056
MarketBeat's community ratings are surveys of what our community members think about First Republic Bank and other stocks. Vote "Outperform" if you believe FRC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FRC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/8/2019 by MarketBeat.com Staff

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