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

First Republic Bank's stock was trading at $89.22 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, FRC stock has decreased by 7.7% and is now trading at $82.34. View which stocks have been mosted impacted by Coronavirus.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Republic Bank in the last year. There are currently 1 sell rating, 10 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for First Republic Bank.

First Republic Bank is scheduled to release its next quarterly earnings announcement on Friday, April 10th 2020. View our earnings forecast for First Republic Bank.

First Republic Bank (NYSE:FRC) released its quarterly earnings data on Tuesday, January, 14th. The bank reported $1.39 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $1.27 by $0.12. The bank had revenue of $877.50 million for the quarter, compared to the consensus estimate of $876.90 million. First Republic Bank had a net margin of 22.38% and a return on equity of 11.08%. The business's revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the firm earned $1.29 EPS. View First Republic Bank's earnings history.

First Republic Bank declared a quarterly dividend on Wednesday, January 15th. Investors of record on Thursday, January 30th will be paid a dividend of $0.19 per share on Thursday, February 13th. This represents a $0.76 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date of this dividend is Wednesday, January 29th. View First Republic Bank's dividend history.

15 brokers have issued 12 month price targets for First Republic Bank's shares. Their forecasts range from $88.00 to $130.00. On average, they expect First Republic Bank's stock price to reach $113.23 in the next twelve months. This suggests a possible upside of 37.5% from the stock's current price. View analysts' price targets for First Republic Bank.

Press coverage about FRC stock has been trending somewhat positive this week, InfoTrie reports. The research firm identifies positive and negative news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. First Republic Bank earned a coverage optimism score of 1.2 on InfoTrie's scale. They also gave news headlines about the bank a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutFirst Republic Bank.

Some companies that are related to First Republic Bank include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), M&T Bank (MTB), Fifth Third Bancorp (FITB), KeyCorp (KEY), Regions Financial (RF), SVB Financial Group (SIVB), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION), East West Bancorp (EWBC) and First Financial Bankshares (FFIN).

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).

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

First Republic Bank's stock is owned by many different retail and institutional investors. Top institutional shareholders include Capital International Investors (6.72%), State Street Corp (5.67%), Goldman Sachs Group Inc. (3.69%), Capital Research Global Investors (3.34%), Principal Financial Group Inc. (3.19%) and Capital World Investors (2.90%).

FRC stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Citigroup Inc., Standard Life Aberdeen plc, Rheos Capital Works Inc., Renaissance Technologies LLC, Goldman Sachs Group Inc., Bank of New York Mellon Corp, and Diamond Hill Capital Management Inc..

FRC stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, M&G Investment Management Ltd., 1832 Asset Management L.P., Lord Abbett & CO. LLC, Cowen AND Company LLC, Anchor Capital Advisors LLC, Nicholas Investment Partners LP, and Parnassus Investments CA.

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.

One share of FRC stock can currently be purchased for approximately $82.34.

First Republic Bank has a market capitalization of $13.87 billion and generates $4.16 billion in revenue each year. The bank earns $930.33 million in net income (profit) each year or $5.20 on an earnings per share basis. First Republic Bank employs 4,812 workers across the globe. View additional information about First Republic Bank.

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

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]