NYSE:FRCFirst 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 shares have increased by 31.5% and is now trading at $117.34.
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17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Republic Bank in the last year. There are currently 1 sell rating, 9 hold ratings and 7 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 Tuesday, October 20th 2020.
View our earnings forecast for First Republic Bank.

First Republic Bank (NYSE:FRC) posted its quarterly earnings data on Tuesday, July, 14th. The bank reported $1.40 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.23. The bank had revenue of $943.40 million for the quarter, compared to the consensus estimate of $937.90 million. First Republic Bank had a return on equity of 10.68% and a net margin of 22.03%. The company's revenue was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.24 earnings per share.
View First Republic Bank's earnings history.

First Republic Bank announced a quarterly dividend on Tuesday, July 14th. Stockholders of record on Thursday, July 30th will be paid a dividend of $0.20 per share on Thursday, August 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date is Wednesday, July 29th.
View First Republic Bank's dividend history.

17 equities research analysts have issued 1 year price targets for First Republic Bank's shares. Their forecasts range from $85.00 to $140.00. On average, they anticipate First Republic Bank's share price to reach $113.81 in the next twelve months. This suggests that the stock has a possible downside of 3.0%.
View analysts' price targets for First Republic Bank.

Media coverage about FRC stock has been trending somewhat negative this week, InfoTrie reports. The research firm ranks the sentiment of media coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. First Republic Bank earned a media sentiment score of -1.8 on InfoTrie's scale. They also gave news headlines about the bank a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future.
View the latest news about First Republic Bank.

First Republic Bank saw a decline in short interest in April. As of April 15th, there was short interest totaling 5,240,000 shares, a decline of 14.8% from the March 31st total of 6,150,000 shares. Based on an average daily trading volume, of 1,490,000 shares, the short-interest ratio is currently 3.5 days.
View First Republic Bank's Short Interest.

Some companies that are related to First Republic Bank include Truist Financial (TFC), PNC Financial Services Group (PNC), Fifth Third Bancorp (FITB), M&T Bank (MTB), SVB Financial Group (SIVB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Signature Bank (SBNY), Zions Bancorporation NA (ZION), East West Bancorp (EWBC), Prosperity Bancshares (PB), Cullen/Frost Bankers (CFR) and First Financial Bankshares (FFIN).
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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), Endologix (ELGX), Micron Technology (MU), Accenture (ACN), NVIDIA (NVDA), Costco Wholesale (COST), AbbVie (ABBV) and Aegean Marine Petroleum Network (ANW).

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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (10.98%), Principal Financial Group Inc. (2.31%), C WorldWide Group Holding A S (1.66%), Diamond Hill Capital Management Inc. (1.59%), Ensign Peak Advisors Inc (1.56%) and APG Asset Management N.V. (1.10%).

FRC stock was sold by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., Marshall Wace North America L.P., Thrivent Financial for Lutherans, Bank of Nova Scotia, Balyasny Asset Management LLC, Goldman Sachs Group Inc., Mar Vista Investment Partners LLC, and California Public Employees Retirement System.

FRC stock was acquired by a variety of institutional investors in the last quarter, including Alecta Pensionsforsakring Omsesidigt, Nordea Investment Management AB, Ensign Peak Advisors Inc, Marathon Asset Management LLP, KAMES CAPITAL plc, Victory Capital Management Inc., Natixis Advisors L.P., and Robeco Institutional Asset Management B.V..

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 $117.34.

First Republic Bank has a market capitalization of $20.19 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.

The official website for First Republic Bank is 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]