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

$118.18
-0.89 (-0.75 %)
(As of 01/17/2020 04:00 PM ET)
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Today's Range
$118.00
Now: $118.18▼
$119.81
50-Day Range
$109.12
MA: $115.36▼
$120.75
52-Week Range
$87.43
Now: $118.18▼
$122.34
Volume1.62 million shs
Average Volume1.47 million shs
Market Capitalization$19.91 billion
P/E Ratio22.73
Dividend Yield0.64%
Beta0.91
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

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 Ratio1.43
Current Ratio1.02
Quick Ratio1.02

Price-To-Earnings

Trailing P/E Ratio22.73
Forward P/E Ratio22.21
P/E Growth2.96

Sales & Book Value

Annual Sales$4.16 billion
Price / Sales4.79
Cash Flow$5.75 per share
Price / Cash Flow20.57
Book Value$46.92 per share
Price / Book2.52

Profitability

EPS (Most Recent Fiscal Year)$5.20
Net Income$853.83 million
Net Margins22.38%
Return on Equity11.22%
Return on Assets0.88%

Miscellaneous

Employees4,480
Outstanding Shares168,450,000
Market Cap$19.91 billion
Next Earnings Date4/10/2020 (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 Wednesday, January 15th. Stockholders of record on Thursday, January 30th will be given a dividend of $0.19 per share on Thursday, February 13th. This represents a $0.76 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Wednesday, January 29th. View First Republic Bank's Dividend History.

How were First Republic Bank's earnings last quarter?

First Republic Bank (NYSE:FRC) announced its quarterly earnings data on Tuesday, January, 14th. The bank reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.12. The bank had revenue of $877.50 million for the quarter, compared to analyst estimates of $876.90 million. First Republic Bank had a return on equity of 11.22% and a net margin of 22.38%. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter last year, the company posted $1.29 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, April 10th 2020. View Earnings Estimates for First Republic Bank.

What price target have analysts set for FRC?

16 equities research analysts have issued 1 year price targets for First Republic Bank's shares. Their forecasts range from $98.00 to $130.00. On average, they expect First Republic Bank's share price to reach $116.07 in the next twelve months. This suggests that the stock has a possible downside of 1.8%. View Analyst Price Targets for First Republic Bank.

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

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Republic Bank in the last year. There are currently 1 sell rating, 11 hold ratings and 4 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 articles about FRC stock have been trending negative this week, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. First Republic Bank earned a news sentiment score of -2.0 on InfoTrie's scale. They also assigned news articles about the bank a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for First Republic Bank.

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), AutoZone (AZO), 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 many different of institutional and retail investors. Top institutional investors include Douglass Winthrop Advisors LLC (0.32%), Hahn Capital Management LLC (0.13%), Vigilant Capital Management LLC (0.09%), Calamos Advisors LLC (0.08%), Gateway Investment Advisers LLC (0.08%) and Tocqueville Asset Management L.P. (0.07%).

Which major investors are selling First Republic Bank stock?

FRC stock was sold by a variety of institutional investors in the last quarter, including Calamos Advisors LLC, Meag Munich Ergo Kapitalanlagegesellschaft MBH, Reilly Financial Advisors LLC, Hahn Capital Management LLC, SFE Investment Counsel, Gateway Investment Advisers LLC, State of Alaska Department of Revenue and Vigilant Capital Management LLC.

Which major investors are buying First Republic Bank stock?

FRC stock was bought by a variety of institutional investors in the last quarter, including First Financial Bank Trust Division, Zeke Capital Advisors LLC, Assenagon Asset Management S.A., DNB Asset Management AS, Price Wealth LLC, Allred Capital Management LLC, Patten & Patten Inc. TN and Huntington National Bank.

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 $118.18.

How big of a company is First Republic Bank?

First Republic Bank has a market capitalization of $19.91 billion and generates $4.16 billion in revenue each year. The bank earns $853.83 million in net income (profit) each year or $5.20 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:  507 (Vote Outperform)
Underperform Votes:  569 (Vote Underperform)
Total Votes:  1,076
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 1/18/2020 by MarketBeat.com Staff

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