About First Republic Bank (NYSE:FRC)
First Republic Bank is a commercial bank and trust company. The Bank specializes in providing services, including private banking, private business banking, real estate lending and wealth management services, including trust and custody services, to clients in selected metropolitan areas in the United States. It operates through two segments: Commercial Banking and Wealth Management. The Commercial Banking segment is engaged in attracting funds from the public; originating loans, primarily real estate secured mortgage loans, and investing in investment securities. The Wealth Management segment consists of First Republic Investment Management, Inc.; its money market mutual fund activities through third-party providers and the brokerage activities of First Republic Securities Company, LLC; First Republic Trust Company and First Republic Trust Company of Delaware LLC (the Trust Company), and its foreign exchange activities. It offers a range of internally managed investment services.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Commercial Banks
- Sub-Industry: Regional Banks
- Symbol: NYSE:FRC
- CUSIP: 33616C10
- Web: www.firstrepublic.com
- Market Cap: $15.82 billion
- Outstanding Shares: 157,756,000
- 50 Day Moving Avg: $99.62
- 200 Day Moving Avg: $97.42
- 52 Week Range: $72.43 - $105.52
Sales & Book Value:
- Trailing P/E Ratio: 23.65
- Foreward P/E Ratio: 19.82
- P/E Growth: 1.67
- Annual Revenue: $2.46 billion
- Price / Sales: 6.43
- Book Value: $40.76 per share
- Price / Book: 2.46
- Annual Dividend: $0.68
- Dividend Yield: 0.7%
- Net Margins: 26.85%
- Return on Equity: 12.06%
- Return on Assets: 0.94%
- Debt-to-Equity Ratio: 1.55%
- Current Ratio: 0.95%
- Quick Ratio: 0.94%
- Average Volume: 732,337 shs.
- Beta: 1.01
- Short Ratio: 4.66
Frequently Asked Questions for First Republic Bank (NYSE:FRC)
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 announced a quarterly dividend on Monday, October 16th. Shareholders of record on Thursday, October 26th will be paid a dividend of $0.17 per share on Thursday, November 9th. This represents a $0.68 annualized dividend and a yield of 0.68%. The ex-dividend date is Wednesday, October 25th. View First Republic Bank's Dividend History.
How were First Republic Bank's earnings last quarter?
First Republic Bank (NYSE:FRC) released its earnings results on Friday, October, 13th. The company reported $1.14 EPS for the quarter, missing analysts' consensus estimates of $1.16 by $0.02. The business earned $670.30 million during the quarter, compared to the consensus estimate of $678.25 million. First Republic Bank had a return on equity of 12.06% and a net margin of 26.85%. First Republic Bank's revenue was up 20.1% compared to the same quarter last year. During the same period last year, the company earned $1.00 EPS. View First Republic Bank's Earnings History.
When will First Republic Bank make its next earnings announcement?
Where is First Republic Bank's stock going? Where will First Republic Bank's stock price be in 2017?
14 brokers have issued 12 month price objectives for First Republic Bank's shares. Their predictions range from $87.00 to $121.00. On average, they anticipate First Republic Bank's stock price to reach $102.93 in the next year. View Analyst Ratings for First Republic Bank.
Who are some of First Republic Bank's key competitors?
Some companies that are related to First Republic Bank include Fifth Third Bancorp (FITB), Citizens Financial Group (CFG), Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX), Zions Bancorporation (ZION), BOK Financial Corporation (BOKF), Western Alliance Bancorporation (WAL), Pinnacle Financial Partners (PNFP), Prosperity Bancshares (PB), F.N.B. Corporation (FNB), Hancock Holding Company (HBHC), Texas Capital Bancshares (TCBI), First Hawaiian (FHB), Home BancShares (HOMB), IBERIABANK Corporation (IBKC), MB Financial (MBFI), Associated Banc Corp (ASB), Chemical Financial Corporation (CHFC) and UMB Financial Corporation (UMBF).
Who are First Republic Bank's key executives?
First Republic Bank's management team includes the folowing people:
- James H. Herbert II, Chairman of the Board, Chief Executive Officer
- Katherine August-deWilde, Vice Chairman of the Board
- Michael J. Roffler, Chief Financial Officer, Executive Vice President
- Michael J. Harrington, Chairman of First Republic Trust Company
- Kelly Johnston, President - First Republic Trust Company
- David Tateosian, President - First Republic Securities Company
- Jason C. Bender, Chief Operating Officer, Executive Vice President
- Mollie M. Richardson, Executive Vice President, Chief Administrative Officer and Chief People Officer
- Hafize Gaye Erkan, Executive Vice President and Chief Deposit Officer and Chief Investment Officer
- Dale A. Smith, Executive Vice President, Chief Information Officer
Who owns First Republic Bank stock?
First Republic Bank's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Diamond Hill Capital Management Inc. (1.02%), Douglas Lane & Associates LLC (0.26%), Fisher Asset Management LLC (0.21%), Barometer Capital Management Inc. (0.04%), Sit Investment Associates Inc. (0.03%) and Covenant Asset Management LLC (0.02%). View Institutional Ownership Trends for First Republic Bank.
Who sold First Republic Bank stock? Who is selling First Republic Bank stock?
First Republic Bank's stock was sold by a variety of institutional investors in the last quarter, including Shell Asset Management Co., Barometer Capital Management Inc., Fisher Asset Management LLC, Sumitomo Life Insurance Co., Sit Investment Associates Inc. and Covenant Asset Management LLC. View Insider Buying and Selling for First Republic Bank.
Who bought First Republic Bank stock? Who is buying First Republic Bank stock?
How do I buy First Republic Bank stock?
Shares of First Republic Bank can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is First Republic Bank's stock price today?
MarketBeat Community Rating for First Republic Bank (NYSE FRC)MarketBeat's community ratings are surveys of what our community members think about First Republic Bank and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of First Republic Bank stock can currently be purchased for approximately $100.29.
Consensus Ratings for First Republic Bank (NYSE:FRC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||8 Hold Ratings, 6 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.43)|
|Consensus Price Target: ||$102.93 (2.63% upside)|Consensus Price Target History for First Republic Bank (NYSE:FRC)
Analysts' Ratings History for First Republic Bank (NYSE:FRC)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/19/2017||Jefferies Group LLC||Reiterated Rating||Buy||$111.00||N/A|
|10/16/2017||Barclays PLC||Set Price Target||Hold||$104.00 -> $102.00||N/A|
|10/16/2017||Raymond James Financial, Inc.||Lower Price Target||Outperform||$108.00 -> $105.00||N/A|
|10/16/2017||Wells Fargo & Company||Lower Price Target||Market Perform||$100.00 -> $95.00||N/A|
|10/16/2017||BMO Capital Markets||Lower Price Target||Market Perform||$96.00 -> $92.00||N/A|
|10/15/2017||Piper Jaffray Companies||Set Price Target||Hold||$99.00||N/A|
|10/13/2017||Keefe, Bruyette & Woods||Reiterated Rating||Hold||$87.00||N/A|
|9/29/2017||Royal Bank Of Canada||Reiterated Rating||Neutral -> Hold||Low|
|7/14/2017||Maxim Group||Reiterated Rating||Buy -> Buy||$105.00 -> $110.00||Low|
|7/6/2017||Morgan Stanley||Reiterated Rating||Equal Weight||$102.00 -> $104.00||Medium|
|4/18/2017||Deutsche Bank AG||Boost Price Target||Hold||$98.00 -> $101.00||Low|
|2/2/2017||JMP Securities||Initiated Coverage||Outperform||$111.00||N/A|
|1/17/2017||FBR & Co||Boost Price Target||Outperform||$100.00 -> $105.00||N/A|
|7/17/2016||J P Morgan Chase & Co||Reiterated Rating||Buy||N/A|
|5/8/2016||Canaccord Genuity||Reiterated Rating||Buy||N/A|
|2/22/2016||HSBC Holdings plc||Upgrade||Hold -> Buy||N/A|
Earnings History for First Republic Bank (NYSE:FRC)Earnings History by Quarter for First Republic Bank (NYSE FRC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|10/13/2017||Q3 2017||$1.16||$1.14||$678.25 million||$670.30 million||View||N/A|
|7/14/2017||Q2 2017||$1.09||$1.06||$671.27 million||$641.30 million||View||N/A|
|4/13/2017||Q1 2017||$1.01||$1.01||$626.14 million||$601.14 million||View||N/A|
|1/13/2017||Q416||$1.01||$1.03||$623.91 million||$599.50 million||View||Listen|
|10/13/2016||Q316||$0.99||$1.00||$592.65 million||$557.90 million||View||Listen|
|7/14/2016||Q216||$0.91||$0.97||$568.53 million||$535.10 million||View||Listen|
|4/14/2016||Q116||$0.80||$0.88||$542.20 million||$519.60 million||View||Listen|
|1/14/2016||Q415||$0.80||$0.82||$514.20 million||$484.90 million||View||Listen|
|10/15/2015||Q315||$0.81||$0.82||$489.22 million||$468.60 million||View||Listen|
|7/16/2015||Q215||$0.78||$0.80||$450.72 million||$455.30 million||View||Listen|
|4/16/2015||Q115||$0.69||$0.71||$433.70 million||$422.90 million||View||Listen|
|1/15/2015||Q4||$0.72||$0.72||$427.98 million||$416.69 million||View||Listen|
|10/16/2014||Q314||$0.79||$0.81||$433.70 million||$440.60 million||View||Listen|
|7/16/2014||Q214||$0.76||$0.76||$410.56 million||$388.80 million||View||N/A|
|1/16/2014||Q413||$0.75||$0.66||$326.24 million||$371.00 million||View||Listen|
|10/15/2013||Q313||$0.76||$0.75||$319.20 million||$361.80 million||View||Listen|
|7/17/2013||Q2 2013||$0.74||$0.77||$307.01 million||View||Listen|
|4/15/2013||Q1 2013||$0.73||$0.72||$316.45 million||View||Listen|
|1/16/2013||Q4 2012||$0.73||$0.77||$308.21 million||$357.90 million||View||Listen|
Earnings Estimates for First Republic Bank (NYSE:FRC)
2017 EPS Consensus Estimate: $4.48
2018 EPS Consensus Estimate: $5.29
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for First Republic Bank (NYSE:FRC)
|Dividend Growth:||20.50% (3 Year Average)|
|Payout Ratio:||16.04% (Trailing 12 Months of Earnings) |
15.53% (Based on This Year's Estimates)
13.44% (Based on Next Year's Estimates)
|Track Record:||4 Years of Consecutive Dividend Growth|
Dividend History by Quarter for First Republic Bank (NYSE FRC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for First Republic Bank (NYSE:FRC)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for First Republic Bank (NYSE:FRC)
Latest Headlines for First Republic Bank (NYSE:FRC)
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First Republic Bank (FRC) Chart for Monday, October, 23, 2017