First Republic Bank - FRC Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Republic Bank in the last twelve months. There are currently 1 sell rating, 6 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" FRC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FRC, but not buy additional shares or sell existing shares.
View FRC analyst ratings or view top-rated stocks.

13 brokerages have issued 1-year price objectives for First Republic Bank's stock. Their FRC share price forecasts range from $157.00 to $250.00. On average, they expect the company's stock price to reach $187.33 in the next year. This suggests a possible upside of 40.7% from the stock's current price.
View analysts price targets for FRC or view top-rated stocks among Wall Street analysts.

First Republic Bank's stock was trading at $206.51 at the beginning of 2022. Since then, FRC stock has decreased by 35.5% and is now trading at $133.12.
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First Republic Bank saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 2,120,000 shares, an increase of 27.7% from the August 31st total of 1,660,000 shares. Based on an average daily trading volume, of 958,000 shares, the short-interest ratio is presently 2.2 days.
View First Republic Bank's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, October 12th 2022.
View our FRC earnings forecast.

First Republic Bank (NYSE:FRC) issued its quarterly earnings results on Thursday, July, 14th. The bank reported $2.16 earnings per share for the quarter, topping analysts' consensus estimates of $2.05 by $0.11. The bank earned $1.50 billion during the quarter, compared to analyst estimates of $1.48 billion. First Republic Bank had a net margin of 27.65% and a trailing twelve-month return on equity of 12.96%. The company's revenue was up 22.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.95 earnings per share.
Read the conference call transcript.

First Republic Bank announced a quarterly dividend on Thursday, July 14th. Stockholders of record on Thursday, July 28th will be paid a dividend of $0.27 per share on Thursday, August 11th. This represents a $1.08 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Wednesday, July 27th.
Read our dividend analysis for FRC.

First Republic Bank (NYSE:FRC) pays an annual dividend of $1.08 per share and currently has a dividend yield of 0.80%. The company has been increasing its dividend for 10 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 13.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FRC will have a dividend payout ratio of 11.33% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FRC.

255 employees have rated First Republic Bank Chief Executive Officer James H. Herbert II on Glassdoor.com. James H. Herbert II has an approval rating of 97% among the company's employees. This puts James H. Herbert II in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other First Republic Bank investors own include CA (CA), BlackRock (BLK), Chipotle Mexican Grill (CMG), Accenture (ACN), Micron Technology (MU), NVIDIA (NVDA), AbbVie (ABBV), Endologix (ELGX), Costco Wholesale (COST) and AutoZone (AZO).

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

First Republic Bank's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include State Street Corp (5.20%), Alecta Tjanstepension Omsesidigt (3.49%), Principal Financial Group Inc. (1.73%), Baillie Gifford & Co. (1.52%), JPMorgan Chase & Co. (1.29%) and C WorldWide Group Holding A S (1.21%).

Shares of FRC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of FRC stock can currently be purchased for approximately $133.12.

First Republic Bank (NYSE:FRC) has a market capitalization of $23.91 billion and generates $5.31 billion in revenue each year. The bank earns $1.48 billion in net income (profit) each year or $8.09 on an earnings per share basis.

The company employs 6,295 workers across the globe.

First Republic Bank's mailing address is 111 Pine Street 2nd Floor, San Francisco CA, 94111. The official website for the company is www.firstrepublic.com. The bank can be reached via phone at (415) 392-1400, via email at investorrelations@firstrepublic.com, or via fax at 415-392-1413.