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NYSE:FRC

First Republic Bank - FRC Stock Forecast, Price & News

$166.02
-0.90 (-0.54%)
(As of 08/18/2022 04:34 PM ET)
Add
Compare
Today's Range
$164.93
$166.92
50-Day Range
$134.30
$170.12
52-Week Range
$133.37
$222.86
Volume
976,187 shs
Average Volume
1.28 million shs
Market Capitalization
$29.82 billion
P/E Ratio
20.52
Dividend Yield
0.65%
Price Target
$187.33

First Republic Bank MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
12.9% Upside
$187.33 Price Target
Short Interest
Healthy
1.39% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.39
Upright™ Environmental Score
News Sentiment
0.05mentions of First Republic Bank in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.20%
From $8.57 to $9.53 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.95 out of 5 stars

Finance Sector

97th out of 914 stocks

Commercial Banks, Not Elsewhere Classified Industry

5th out of 31 stocks

FRC stock logo

About First Republic Bank (NYSE:FRC) Stock

First Republic Bank, together with its subsidiaries, provides private banking, private business banking, and private wealth management services to clients in metropolitan areas in the United States. It operates in two segments, Commercial Banking and Wealth Management. The company accepts deposit products, such as noninterest-bearing checking, interest-bearing checking, money market checking accounts, money market savings accounts, and passbook accounts, as well as certificates of deposit. It also offers a range of lending products that comprise residential mortgage loans, home equity lines of credit, multifamily loans, commercial real estate and construction loans, personal and business loans, single family construction loans, and other loans and lines of credit to businesses and individuals. The company's loans are secured by single family residences, multifamily buildings, and commercial real estate properties. In addition, it provides wealth management services, which include various investment strategies and products, online investment management, trust and custody, full service and online brokerage, financial and estate planning, and access to alternative investments, as well as investing, insurance, and foreign exchange services. Further, the company offers online and mobile banking services; refinancing services; and ATM and debit cards. As of December 31, 2021, it offered its services through 82 licensed deposit taking offices primarily in the San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach and San Diego, California; Portland, Oregon; Boston, Massachusetts; Palm Beach, Florida; Greenwich, Connecticut; New York, New York; and Jackson, Wyoming. It also has 12 additional offices that offer lending, wealth management, or trust services. First Republic Bank was founded in 1985 and is headquartered in San Francisco, California.

First Republic Bank Trading Down 1.9 %

Shares of NYSE:FRC opened at $166.92 on Thursday. The stock's 50 day moving average price is $152.67 and its two-hundred day moving average price is $157.82. First Republic Bank has a 52-week low of $133.37 and a 52-week high of $222.86. The stock has a market capitalization of $29.99 billion, a P/E ratio of 20.63, a PEG ratio of 2.26 and a beta of 1.11. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 0.47.

First Republic Bank (NYSE:FRC - Get Rating) last announced its quarterly earnings data on Thursday, July 14th. The bank reported $2.16 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.05 by $0.11. First Republic Bank had a return on equity of 12.96% and a net margin of 27.65%. The firm had revenue of $1.50 billion for the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter in the prior year, the firm posted $1.95 earnings per share. First Republic Bank's revenue for the quarter was up 22.6% compared to the same quarter last year. On average, analysts anticipate that First Republic Bank will post 8.57 earnings per share for the current fiscal year.

First Republic Bank Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 11th. Shareholders of record on Thursday, July 28th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend was Wednesday, July 27th. First Republic Bank's payout ratio is currently 13.35%.

Analyst Ratings Changes

A number of brokerages have commented on FRC. Jefferies Financial Group boosted their price objective on First Republic Bank from $170.00 to $171.00 in a research note on Monday, July 11th. TheStreet upgraded First Republic Bank from a "c+" rating to a "b" rating in a research note on Tuesday, August 9th. Atlantic Securities upgraded First Republic Bank from a "neutral" rating to an "overweight" rating and cut their price target for the stock from $210.00 to $188.00 in a research note on Friday, July 1st. Morgan Stanley cut their price target on First Republic Bank from $180.00 to $160.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 12th. Finally, StockNews.com upgraded First Republic Bank from a "sell" rating to a "hold" rating in a research note on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, First Republic Bank has an average rating of "Hold" and an average target price of $187.33.

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FRC Stock News Headlines

TheStreet Upgrades First Republic Bank (NYSE:FRC) to B
StockNews.com Upgrades First Republic Bank (NYSE:FRC) to Hold
10 Key Quarterly Reports from The Financial Sector
First Republic Reports Second Quarter 2022 Results
First Republic Bank - Stock Dividends FRC
See More Headlines
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FRC Company Calendar

Last Earnings
7/14/2022
Ex-Dividend for 8/11 Dividend
7/27/2022
Dividend Payable
8/11/2022
Today
8/18/2022
Next Earnings (Estimated)
10/12/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Commercial banks, not elsewhere classified
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
33616C10
Employees
6,295
Year Founded
1985

Price Target and Rating

Average Stock Price Forecast
$187.33
High Stock Price Forecast
$250.00
Low Stock Price Forecast
$157.00
Forecasted Upside/Downside
+12.8%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
13 Analysts

Profitability

Net Income
$1.48 billion
Pretax Margin
35.04%

Debt

Sales & Book Value

Annual Sales
$5.31 billion
Cash Flow
$9.20 per share
Book Value
$71.21 per share

Miscellaneous

Free Float
N/A
Market Cap
$29.82 billion
Optionable
Optionable
Beta
1.11

Social Links


Key Executives

  • Mr. Michael J. Roffler (Age 51)
    Pres, CEO & Director
    Comp: $1.65M
  • Mr. David B. Lichtman (Age 59)
    Sr. EVP & Chief Credit Officer
    Comp: $2.27M
  • Mr. Robert Lee Thornton (Age 64)
    Exec. VP & Pres of First Republic Private Wealth Management
    Comp: $2.23M
  • Mr. Michael D. Selfridge (Age 55)
    Sr. EVP & Chief Banking Officer
    Comp: $2.09M
  • Ms. Olga Tsokova (Age 49)
    Exec. VP, Chief Accounting Officer & Acting CFO
  • Mr. Michael Ioanilli
    VP & Director of Investor Relations
  • Mr. Edward Joseph Dobranski (Age 72)
    Exec. VP, Gen. Counsel & Sec.
  • Ms. Mollie M. Richardson (Age 43)
    Exec. VP & Chief People Officer
  • Mr. Carmen Castro-Franceschi
    Exec. Managing Director - San Fransisco - Div
  • Mr. William G. Dessoffy
    Regional Managing Director of New York













FRC Stock - Frequently Asked Questions

Should I buy or sell First Republic Bank stock right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Republic Bank in the last year. 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.

What is First Republic Bank's stock price forecast for 2022?

13 brokers have issued 12-month price targets for First Republic Bank's shares. Their FRC share price forecasts range from $157.00 to $250.00. On average, they expect the company's share price to reach $187.33 in the next twelve months. This suggests a possible upside of 12.2% from the stock's current price.
View analysts price targets for FRC
or view top-rated stocks among Wall Street analysts.

How have FRC shares performed in 2022?

First Republic Bank's stock was trading at $206.51 at the beginning of 2022. Since then, FRC shares have decreased by 19.2% and is now trading at $166.92.
View the best growth stocks for 2022 here
.

Are investors shorting First Republic Bank?

First Republic Bank saw a drop in short interest in the month of July. As of July 31st, there was short interest totaling 2,490,000 shares, a drop of 23.6% from the July 15th total of 3,260,000 shares. Based on an average trading volume of 1,110,000 shares, the short-interest ratio is presently 2.2 days.
View First Republic Bank's Short Interest
.

When is First Republic Bank's next earnings date?

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

How were First Republic Bank's earnings last quarter?

First Republic Bank (NYSE:FRC) posted its quarterly earnings results on Thursday, July, 14th. The bank reported $2.16 EPS for the quarter, beating the consensus estimate of $2.05 by $0.11. The bank had revenue of $1.50 billion for 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 for the quarter was up 22.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.95 EPS.
Read the conference call transcript
.

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 Thursday, July 14th. Investors 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 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Wednesday, July 27th.
Read our dividend analysis for FRC
.

Is First Republic Bank a good dividend stock?

First Republic Bank (NYSE:FRC) pays an annual dividend of $1.08 per share and currently has a dividend yield of 0.63%. 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.

What is James H. Herbert II's approval rating as First Republic Bank's CEO?

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.

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), Chipotle Mexican Grill (CMG), Accenture (ACN), Micron Technology (MU), NVIDIA (NVDA), AbbVie (ABBV), Endologix (ELGX), Costco Wholesale (COST) and AutoZone (AZO).

What is First Republic Bank's stock symbol?

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

Who are First Republic Bank's major shareholders?

First Republic Bank's stock is owned by a variety of retail and institutional investors. Top institutional investors 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%).

How do I buy shares of First Republic Bank?

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.
Compare Top Brokerages Here.

What is First Republic Bank's stock price today?

One share of FRC stock can currently be purchased for approximately $166.92.

How much money does First Republic Bank make?

First Republic Bank (NYSE:FRC) has a market capitalization of $29.99 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.

How many employees does First Republic Bank have?

The company employs 6,295 workers across the globe.

When was First Republic Bank founded?

First Republic Bank was founded in 1985.

How can I contact First Republic Bank?

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.

This page (NYSE:FRC) was last updated on 8/18/2022 by MarketBeat.com Staff

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