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

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$99.08 -0.84 (-0.84 %)

(As of 05/24/2019 08:00 AM ET)

Previous Close$99.92

Today's Range$98.15 - $99.21

52-Week Range$79.42 - $107.75

Volume592,800 shs

Average Volume1.34 million shs

Market Capitalization$15.63 billion

P/E Ratio20.60

Dividend Yield0.76%

Beta0.92

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. It also provides a range of lending products that comprise residential mortgage loans, home equity lines of credit, multifamily loans, commercial real estate loans, personal loans, business loans, and smaller loans and lines of credit to businesses and individuals. The company's loans are secured by single family residences, multifamily buildings, and commercial real estate properties. In addition, it provides wealth management services, which include various investment strategies and products, online investment management services, trust and custody services, full service and online brokerage, financial and estate planning, and access to alternative investments, as well as investing, insurance, and foreign exchange services; and treasury management services. Additionally, the company offers online and mobile banking services; student loan refinancing services; and ATM and debit cards. As of December 31, 2018, the company offered its services through 82 offices, including 75 preferred banking licensed deposit-taking offices in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, and San Diego, California; Portland, Oregon; Boston, Massachusetts; Palm Beach, Florida; Greenwich, Connecticut; New York, New York; Jackson; and Wyoming, as well as 7 offices that provided lending, wealth management, and trust services. First Republic Bank was founded in 1985 and is headquartered in San Francisco, California.

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Industry, Sector and Symbol

Stock Exchange NYSE

Industry Commercial banks, not elsewhere classified

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNYSE:FRC

Previous Symbol

CUSIP33616C10

CIK1132979

Webhttp://www.firstrepublic.com/

Phone415-392-1400

Debt

Debt-to-Equity Ratio1.19

Current Ratio0.99

Quick Ratio0.99

Price-To-Earnings

Trailing P/E Ratio20.60

Forward P/E Ratio18.73

P/E Growth1.69

Sales & Book Value

Annual Sales$3.58 billion

Price / Sales4.37

Cash Flow$6.0231 per share

Price / Cash Flow16.45

Book Value$51.38 per share

Price / Book1.93

Profitability

EPS (Most Recent Fiscal Year)$4.81

Net Income$853.83 million

Net Margins23.61%

Return on Equity11.56%

Return on Assets0.90%

Miscellaneous

Employees4,480

Outstanding Shares157,757,000

Market Cap$15.63 billion

Next Earnings Date7/12/2019 (Estimated)

OptionableOptionable

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 Monday, April 15th. Stockholders of record on Thursday, April 25th will be paid a dividend of $0.19 per share on Thursday, May 9th. This represents a $0.76 annualized dividend and a dividend yield of 0.77%. The ex-dividend date of this dividend is Wednesday, April 24th. This is a boost from First Republic Bank's previous quarterly dividend of $0.18. View First Republic Bank's Dividend History.

How were First Republic Bank's earnings last quarter?

First Republic Bank (NYSE:FRC) issued its quarterly earnings results on Friday, April, 12th. The bank reported $1.26 EPS for the quarter, beating the Zacks' consensus estimate of $1.22 by $0.04. The bank had revenue of $807.36 million for the quarter, compared to analyst estimates of $813.99 million. First Republic Bank had a net margin of 23.61% and a return on equity of 11.56%. During the same quarter in the previous year, the company posted $1.13 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 Friday, July 12th 2019. View Earnings Estimates for First Republic Bank.

What price target have analysts set for FRC?

14 brokerages have issued 12-month price targets for First Republic Bank's stock. Their predictions range from $92.00 to $120.00. On average, they expect First Republic Bank's stock price to reach $104.5369 in the next twelve months. This suggests a possible upside of 5.5% from the stock's current price. View Analyst Price Targets for First Republic Bank.

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

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Republic Bank in the last year. There are currently 9 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, "4Q18 results included very strong growth in loans and deposits, a wider NIM, and excellent credit quality. We are reiterating our Buy rating and price target of $110. Our price target equates to 20.0x our 2019 EPS estimate, inline with other best-in-class Smid- Cap Banks." (1/15/2019)
2. According to Zacks Investment Research, "First Republic’s shares have outperformed the industry over the past three months. Further, the company's earnings surpassed the Zacks Consensus Estimate in only two of the trailing four quarters. Earnings estimates have been revised downward prior to the company's fourth-quarter 2018 results. Despite rising interest rate environment, decline in net interest margin will continue to hurt interest income growth to some extent. Although increased loan originations are expected to support the company’s growth prospects over the long run, escalating costs owing to investments in digital initiatives are expected to hurt its bottom-line growth." (1/14/2019)

Has First Republic Bank been receiving favorable news coverage?

Media stories about FRC stock have been trending negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. First Republic Bank earned a news impact score of -2.7 on InfoTrie's scale. They also gave press coverage about the bank a news buzz of 5.0 out of 10, meaning that recent press coverage is somewhat likely to have an impact on the company's share price in the next few days.

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

Some companies that are related to First Republic Bank include BNP PARIBAS/S (BNPQY), Mitsubishi UFJ Financial Group (MUFG), ANZ (ANZBY), Lloyds Banking Group (LYG), Sumitomo Mitsui Financial Grp (SMFG), Bank of Montreal (BMO), ING Groep (ING), Banco Santander Brasil (BSBR), Canadian Imperial Bank of Commerce (CM), Royal Bank of Scotland Group (RBS), Barclays (BCS), OVERSEA-CHINESE/ADR (OVCHY), Royal Bank of Scotland Group (RBSPF), CR AGRICOLE S A/ADR (CRARY) and NORDEA Bk AB SW/S (NRDBY).

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), Mattel (MAT), General Electric (GE), Ultra Clean (UCTT), BlackRock (BLK), Twitter (TWTR), American National BankShares (AMNB), Enterprise Bancorp (EBTC), Endologix (ELGX) and General Motors (GM).

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 institutional and retail investors. Top institutional shareholders include BlackRock Inc. (7.48%), Baillie Gifford & Co. (4.24%), JPMorgan Chase & Co. (3.70%), Parnassus Investments CA (3.49%), Principal Financial Group Inc. (2.78%) and Wellington Management Group LLP (2.65%).

Which institutional investors are selling First Republic Bank stock?

FRC stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Wells Fargo & Company MN, FMR LLC, Wellington Management Group LLP, Marsico Capital Management LLC, JPMorgan Chase & Co., Diamond Hill Capital Management Inc. and Parnassus Investments CA.

Which institutional investors are buying First Republic Bank stock?

FRC stock was purchased by a variety of institutional investors in the last quarter, including Northern Trust Corp, Charles Schwab Investment Management Inc., Geode Capital Management LLC, Commerce Bank, SeaTown Holdings Pte. Ltd., Natixis Advisors L.P., California Public Employees Retirement System and First Trust Advisors LP.

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, Scottrade, Fidelity and Charles Schwab.

What is First Republic Bank's stock price today?

One share of FRC stock can currently be purchased for approximately $99.08.

How big of a company is First Republic Bank?

First Republic Bank has a market capitalization of $15.63 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.

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:		2.3 out of 5 ( )
Outperform Votes:		462 (Vote Outperform)
Underperform Votes:		525 (Vote Underperform)
Total Votes:		987

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 5/24/2019 by MarketBeat.com Staff