NYSE:FRC

First Republic Bank Stock Forecast, Price & News

$154.06

-1.53 (-0.98 %)

(As of 01/21/2021 05:11 PM ET)

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Today's Range

$153.45

Now: $154.06▼

$155.73

50-Day Range

$129.26

MA: $143.47▼

$163.63

52-Week Range

$70.06

Now: $154.06▼

$166.82

Volume957,159 shs

Average Volume1.22 million shs

Market Capitalization$26.53 billion

P/E Ratio26.52

Dividend Yield0.51%

Beta1.06

First Republic Bank, together with its subsidiaries, provides private banking, private business banking, real estate lending, and wealth management services to clients in metropolitan areas in the United States. It operates through two segments, Commercial Banking and Wealth Management. The company accepts deposit products, such as checking, money market checking, savings, passbook deposits, and individual retirement 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 loans, personal loans, business loans, construction loans, and smaller 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 services, trust and custody services, online brokerage, financial and estate planning, and access to alternative investments, as well as investing, insurance, and foreign exchange services; and treasury services. Additionally, the company offers online and mobile banking services; student loan refinancing services; and ATM and debit cards. As of December 31, 2019, the company offered its services through 89 offices, including 78 licensed deposit-taking offices in 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; Jackson; and Wyoming, as well as 11 offices that provided lending, wealth management, and trust services. First Republic Bank was founded in 1985 and is headquartered in San Francisco, California.

MarketRank^™

Overall MarketRank^™

1.97 out of 5 stars

Finance Sector

254th out of 1,942 stocks

Commercial Banks, Not Elsewhere Classified Industry

7th out of 73 stocks

2.2 Analyst's Opinion

Consensus Rating
First Republic Bank has received a consensus rating of Hold. The company's average rating score is 2.31, and is based on 5 buy ratings, 8 hold ratings, and 2 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $133.93, First Republic Bank has a forecasted downside of 13.1% from its current price of $154.06.
Amount of Analyst Coverage
First Republic Bank has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.3 Community Rank

Outperform Votes
First Republic Bank has received 541 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
First Republic Bank has received 616 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
First Republic Bank has received 53.24% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about First Republic Bank and other stocks. Vote “Outperform” if you believe FRC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe FRC will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Yield
First Republic Bank has a dividend yield of 0.51%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
First Republic Bank has been increasing its dividend for 6 years.
Dividend Coverage
The dividend payout ratio of First Republic Bank is 13.77%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, First Republic Bank will have a dividend payout ratio of 11.87% next year. This indicates that First Republic Bank will be able to sustain or increase its dividend.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First Republic Bank insiders have not sold or bought any company stock.
Percentage Held by Institutions
95.47% of the stock of First Republic Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for First Republic Bank are expected to grow by 10.13% in the coming year, from $6.12 to $6.74 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First Republic Bank is 26.52, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.88.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Republic Bank is 26.52, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 22.01.
Price to Earnings Growth Ratio
First Republic Bank has a PEG Ratio of 3.26. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
First Republic Bank has a P/B Ratio of 2.98. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Commercial banks, not elsewhere classified

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNYSE:FRC

Previous Symbol

CUSIP33616C10

CIK1132979

Webwww.firstrepublic.com

Phone415-392-1400

Employees4,812

Debt

Debt-to-Equity Ratio1.58

Current Ratio1.03

Quick Ratio1.03

Price-To-Earnings

Trailing P/E Ratio26.52

Forward P/E Ratio25.17

P/E Growth3.26

Sales & Book Value

Annual Sales$4.16 billion

Price / Sales6.38

Cash Flow$6.06 per share

Price / Cash Flow25.43

Book Value$51.68 per share

Price / Book2.98

Profitability

EPS (Most Recent Fiscal Year)$5.81

Net Income$930.33 million

Net Margins22.95%

Return on Equity10.96%

Return on Assets0.81%

Miscellaneous

Outstanding Shares172,188,000

Market Cap$26.53 billion

Next Earnings Date4/13/2021 (Estimated)

OptionableOptionable

$154.06

-1.53 (-0.98 %)

(As of 01/21/2021 05:11 PM ET)

30 days | 90 days | 365 days | Advanced Chart

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First Republic Bank (NYSE:FRC) Frequently Asked Questions

How has First Republic Bank's stock been impacted by COVID-19 (Coronavirus)?

First Republic Bank's stock was trading at $89.22 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, FRC shares have increased by 72.7% and is now trading at $154.06.
View which stocks have been most impacted by COVID-19.

Is First Republic Bank a buy right now?

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for First Republic Bank in the last twelve months. There are currently 2 sell ratings, 8 hold ratings, 5 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" First Republic Bank stock. 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 analyst ratings for First Republic Bank or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than First Republic Bank?

Wall Street analysts have given First Republic Bank a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but First Republic Bank wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

What is Larry J. Merlo's approval rating as First Republic Bank's CEO?

6,978 employees have rated First Republic Bank CEO Larry J. Merlo on Glassdoor.com. Larry J. Merlo has an approval rating of 37% among First Republic Bank's employees. This puts Larry J. Merlo in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

When is First Republic Bank's next earnings date?

First Republic Bank is scheduled to release its next quarterly earnings announcement on Tuesday, April 13th 2021.
View our earnings forecast for First Republic Bank.

How were First Republic Bank's earnings last quarter?

First Republic Bank (NYSE:FRC) announced its quarterly earnings data on Wednesday, January, 13th. The bank reported $1.60 EPS for the quarter, beating analysts' consensus estimates of $1.52 by $0.08. The bank had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.04 billion. First Republic Bank had a net margin of 22.95% and a return on equity of 10.96%. The company's revenue was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.39 earnings per share.
View First Republic Bank's earnings history.

How often does First Republic Bank pay dividends? What is the dividend yield for First Republic Bank?

First Republic Bank declared a quarterly dividend on Thursday, January 14th. Investors of record on Thursday, January 28th will be paid a dividend of $0.20 per share on Thursday, February 11th. This represents a $0.80 annualized dividend and a yield of 0.52%. The ex-dividend date is Wednesday, January 27th.
View First Republic Bank's dividend history.

Is First Republic Bank a good dividend stock?

First Republic Bank pays an annual dividend of $0.80 per share and currently has a dividend yield of 0.52%. First Republic Bank has been increasing its dividend for 6 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of First Republic Bank is 13.77%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First Republic Bank will have a dividend payout ratio of 11.87% next year. This indicates that First Republic Bank will be able to sustain or increase its dividend.
View First Republic Bank's dividend history.

What price target have analysts set for FRC?

16 equities research analysts have issued 1 year price targets for First Republic Bank's shares. Their forecasts range from $95.00 to $200.00. On average, they expect First Republic Bank's stock price to reach $133.93 in the next year. This suggests that the stock has a possible downside of 13.1%.
View analysts' price targets for First Republic Bank or view Wall Street analyst' top-rated stocks.

Are investors shorting First Republic Bank?

First Republic Bank saw a drop in short interest during the month of December. As of December 31st, there was short interest totaling 2,510,000 shares, a drop of 14.6% from the December 15th total of 2,940,000 shares. Based on an average daily trading volume, of 896,800 shares, the short-interest ratio is currently 2.8 days.
View First Republic Bank's Short Interest.

Who are some of First Republic Bank's key competitors?

Some companies that are related to First Republic Bank include Truist Financial (TFC), The PNC Financial Services Group (PNC), SVB Financial Group (SIVB), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), Huntington Bancshares (HBAN), East West Bancorp (EWBC), Signature Bank (SBNY), First Horizon (FHN), Commerce Bancshares (CBSH), Zions Bancorporation, National Association (ZION), Western Alliance Bancorporation (WAL) and Prosperity Bancshares (PB).
View all of FRC's competitors.

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).

Who are First Republic Bank's key executives?

First Republic Bank's management team includes the following people:

Mr. James H. Herbert II, Founder, Chairman & CEO (Age 77, Pay $3.94M)
Ms. Hafize Gaye Erkan, Pres & Director (Age 41, Pay $2.8M)
Mr. Michael J. Roffler, Exec. VP & CFO (Age 50, Pay $1.6M)
Mr. David B. Lichtman, Sr. EVP & Chief Credit Officer (Age 58, Pay $2.07M)
Mr. Michael D. Selfridge, Chief Banking Officer & Sr. EVP (Age 54, Pay $1.96M)
Mr. Jason C. Bender, Exec. VP & COO (Age 52)
Ms. Olga Tsokova, Sr. VP & Chief Accounting Officer (Age 48)
Mr. Jim Hughes, Exec. VP & Chief Information Officer
Ms. Mollie M. Richardson, Chief Admin. Officer, Exec. VP & Chief People Officer (Age 42)
Mr. Michael Ioanilli, VP & Director of Investor Relations

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 many different retail and institutional investors. Top institutional investors include Sarasin & Partners LLP (0.56%), Douglas Lane & Associates LLC (0.50%), Vigilant Capital Management LLC (0.09%), Hexavest Inc. (0.08%), Baldwin Brothers Inc. MA (0.06%) and First Financial Bank Trust Division (0.04%).

Which major investors are selling First Republic Bank stock?

FRC stock was sold by a variety of institutional investors in the last quarter, including Hexavest Inc., Douglas Lane & Associates LLC, Vigilant Capital Management LLC, Baldwin Brothers Inc. MA, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA, State of Alaska Department of Revenue, Beese Fulmer Investment Management Inc., and Pacer Advisors Inc..

Which major investors are buying First Republic Bank stock?

FRC stock was acquired by a variety of institutional investors in the last quarter, including Sarasin & Partners LLP, IFM Investors Pty Ltd, DNB Asset Management AS, Louisiana State Employees Retirement System, JustInvest LLC, YorkBridge Wealth Partners LLC, Park Avenue Securities LLC, and OneAscent Financial Services LLC.

How do I buy shares of First Republic Bank?

Shares of FRC 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.

What is First Republic Bank's stock price today?

One share of FRC stock can currently be purchased for approximately $154.06.

How big of a company is First Republic Bank?

First Republic Bank has a market capitalization of $26.53 billion and generates $4.16 billion in revenue each year. The bank earns $930.33 million in net income (profit) each year or $5.81 on an earnings per share basis. First Republic Bank employs 4,812 workers across the globe.

What is First Republic Bank's official website?

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

How can I contact First Republic Bank?

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]

This page was last updated on 1/21/2021 by MarketBeat.com Staff

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