NYSE:FRC - First Republic Bank Stock Price, News, & Analysis

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$105.42 +1.86 (+1.80 %)
(As of 03/18/2019 04:00 PM ET)
Previous Close$103.56
Today's Range$103.85 - $105.46
52-Week Range$79.42 - $106.75
Volume1.02 million shs
Average Volume1.52 million shs
Market Capitalization$16.63 billion
P/E Ratio21.92
Dividend Yield0.70%
Beta0.93
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 offers deposit products, such as checking, money market checking, savings, passbook deposits, and individual retirement accounts, as well as certificates of deposit. It also provides 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, 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, full service and online brokerage, financial and estate planning, and access to alternative investments, as well as investing, insurance, and foreign exchange services; and treasury management services. Additionally, the company offers online and mobile banking services; student loan refinancing services; and ATM and debit cards. As of December 31, 2018, the company offered its services through 82 offices, including 75 preferred banking 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 7 offices that provided lending, wealth management, and trust services. First Republic Bank was founded in 1985 and is headquartered in San Francisco, California.

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Industry, Sector and Symbol

Industry Banks - Regional - US
Sub-IndustryRegional Banks
SectorFinance
CUSIP33616C10
Phone415-392-1400

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$3.58 billion
Cash Flow$5.5397 per share
Book Value$49.05 per share

Profitability

Net Income$853.82 million

Miscellaneous

Employees4,480
Market Cap$16.63 billion
Next Earnings Date4/12/2019 (Estimated)
OptionableOptionable

First Republic Bank (NYSE:FRC) Frequently Asked Questions

What is First Republic Bank's stock symbol?

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

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 Tuesday, January 15th. Shareholders of record on Thursday, January 31st will be paid a dividend of $0.18 per share on Thursday, February 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Wednesday, January 30th. View First Republic Bank's Dividend History.

How were First Republic Bank's earnings last quarter?

First Republic Bank (NYSE:FRC) posted its quarterly earnings data on Tuesday, January, 15th. The bank reported $1.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $1.24 by $0.05. The bank earned $810.75 million during the quarter, compared to analysts' expectations of $812.10 million. First Republic Bank had a return on equity of 11.62% and a net margin of 23.88%. The company's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.10 earnings per share. View First Republic Bank's Earnings History.

When is First Republic Bank's next earnings date?

First Republic Bank is scheduled to release their next quarterly earnings announcement on Friday, April 12th 2019. View Earnings Estimates for First Republic Bank.

What price target have analysts set for FRC?

16 brokerages have issued 12 month price targets for First Republic Bank's shares. Their forecasts range from $92.00 to $120.00. On average, they anticipate First Republic Bank's share price to reach $102.57 in the next year. This suggests that the stock has a possible downside of 2.7%. View Analyst Price Targets for First Republic Bank.

What is the consensus analysts' recommendation for First Republic Bank?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Republic Bank in the last year. There are currently 11 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for First Republic Bank.

What are Wall Street analysts saying about First Republic Bank stock?

Here are some recent quotes from research analysts about First Republic Bank stock:
  • 1. Maxim Group analysts commented, "4Q18 results included very strong growth in loans and deposits, a wider NIM, and excellent credit quality. We are reiterating our Buy rating and price target of $110. Our price target equates to 20.0x our 2019 EPS estimate, inline with other best-in-class Smid- Cap Banks." (1/15/2019)
  • 2. According to Zacks Investment Research, "First Republic’s shares have outperformed the industry over the past three months. Further, the company's earnings surpassed the Zacks Consensus Estimate in only two of the trailing four quarters. Earnings estimates have been revised downward prior to the company's fourth-quarter 2018 results. Despite rising interest rate environment, decline in net interest margin will continue to hurt interest income growth to some extent.  Although increased loan originations are expected to support the company’s growth prospects over the long run, escalating costs owing to investments in digital initiatives are expected to hurt its bottom-line growth." (1/14/2019)

Has First Republic Bank been receiving favorable news coverage?

News articles about FRC stock have been trending somewhat positive this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. First Republic Bank earned a daily sentiment score of 1.1 on InfoTrie's scale. They also assigned news coverage about the bank a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the next several days.

Are investors shorting First Republic Bank?

First Republic Bank saw a decrease in short interest during the month of February. As of February 15th, there was short interest totalling 13,418,012 shares, a decrease of 34.7% from the January 31st total of 20,558,346 shares. Based on an average daily volume of 1,366,561 shares, the days-to-cover ratio is presently 9.8 days. View First Republic Bank's Current Options Chain.

Who are some of First Republic Bank's key 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 General Electric (GE), CA (CA), Alibaba Group (BABA), Mattel (MAT), NVIDIA (NVDA), BlackRock (BLK), JPMorgan Chase & Co. (JPM), Ultra Clean (UCTT), Twitter (TWTR) and General Motors (GM).

Who are First Republic Bank's key executives?

First Republic Bank's management team includes the folowing people:
  • Mr. James H. Herbert II, Founder, Chairman & CEO (Age 75)
  • Ms. Hafize Gaye Erkan, Pres & Director (Age 39)
  • Mr. Michael J. Roffler, Exec. VP & CFO (Age 48)
  • Mr. David B. Lichtman, Sr. EVP & Chief Credit Officer (Age 56)
  • Mr. Michael D. Selfridge, Chief Banking Officer & Sr. EVP (Age 52)

Who are First Republic Bank's major shareholders?

First Republic Bank's stock is owned by a number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.26%), Baillie Gifford & Co. (4.25%), Parnassus Investments CA (3.55%), Principal Financial Group Inc. (2.79%), Standard Life Aberdeen plc (2.78%) and Diamond Hill Capital Management Inc. (1.74%).

Which major investors are selling First Republic Bank stock?

FRC stock was sold by a variety of institutional investors in the last quarter, including Bank of America Corp DE, Millennium Management LLC, First Trust Advisors LP, FMR LLC, State of New Jersey Common Pension Fund D, James Hambro & Partners, Mackenzie Financial Corp and Ceredex Value Advisors LLC.

Which major investors are buying First Republic Bank stock?

FRC stock was purchased by a variety of institutional investors in the last quarter, including Norges Bank, BlackRock Inc., Parnassus Investments CA, Geode Capital Management LLC, Baillie Gifford & Co., Standard Life Aberdeen plc, Bank of New York Mellon Corp and Northern Trust Corp.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is First Republic Bank's stock price today?

One share of FRC stock can currently be purchased for approximately $105.40.

How big of a company is First Republic Bank?

First Republic Bank has a market capitalization of $16.63 billion and generates $3.58 billion in revenue each year. The bank earns $853.82 million in net income (profit) each year or $4.81 on an earnings per share basis. First Republic Bank employs 4,480 workers across the globe.

What is First Republic Bank's official website?

The official website for First Republic Bank is http://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]


MarketBeat Community Rating for First Republic Bank (NYSE FRC)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  449 (Vote Outperform)
Underperform Votes:  514 (Vote Underperform)
Total Votes:  963
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.
This page was last updated on 3/18/2019 by MarketBeat.com Staff

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