First Republic Bank - FRC Stock Forecast, Price & News

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Republic Bank in the last twelve months. There are currently 1 sell rating, 12 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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.

20 brokers have issued 12-month price objectives for First Republic Bank's stock. Their FRC share price forecasts range from $97.00 to $194.00. On average, they expect the company's share price to reach $144.90 in the next year. This suggests a possible upside of 1,050.0% 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 $121.89 at the start of the year. Since then, FRC shares have decreased by 89.7% and is now trading at $12.60.
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First Republic Bank saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 5,000,000 shares, an increase of 7.3% from the February 13th total of 4,660,000 shares. Based on an average daily trading volume, of 1,650,000 shares, the days-to-cover ratio is currently 3.0 days.
View First Republic Bank's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 12th 2023.
View our FRC earnings forecast.

First Republic Bank (NYSE:FRC) released its quarterly earnings results on Friday, January, 13th. The bank reported $1.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.82 by $0.06. The bank earned $1.40 billion during the quarter, compared to the consensus estimate of $1.45 billion. First Republic Bank had a trailing twelve-month return on equity of 12.66% and a net margin of 24.66%. The business's revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.02 EPS.
Read the conference call transcript.

First Republic Bank declared a quarterly dividend on Friday, January 13th. Investors of record on Thursday, January 26th will be given a dividend of $0.27 per share on Thursday, February 9th. This represents a $1.08 annualized dividend and a dividend yield of 8.57%. The ex-dividend date is Wednesday, January 25th.
Read our dividend analysis for FRC.

ETFs with the largest weight of First Republic Bank (NYSE:FRC) stock in their portfolio include iShares U.S. Regional Banks ETF (IAT), Invesco KBW Bank ETF (KBWB), Natixis Vaughan Nelson Mid Cap ETF (VNMC), Invesco Zacks Mid-Cap ETF (CZA), BNY Mellon Sustainable US Equity ETF (BKUS), Putnam Sustainable Future ETF (PFUT), Direxion Daily Regional Banks Bull 3x Shares (DPST) and Putnam Sustainable Leaders ETF (PLDR).

First Republic Bank (NYSE:FRC) pays an annual dividend of $1.08 per share and currently has a dividend yield of 8.74%. FRC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 13.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FRC will have a dividend payout ratio of 15.61% 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 number of retail and institutional investors. Top institutional shareholders include Alecta Tjanstepension Omsesidigt (3.96%), Select Equity Group L.P. (2.79%), Geode Capital Management LLC (2.06%), Principal Financial Group Inc. (1.61%), Baillie Gifford & Co. (1.52%) and Morgan Stanley (1.26%).

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 $12.60.

First Republic Bank (NYSE:FRC) has a market capitalization of $2.26 billion and generates $6.75 billion in revenue each year. The bank earns $1.67 billion in net income (profit) each year or $8.25 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.