First Republic Bank Stock Forecast, Price & 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 stock has increased by 49.0% and is now trading at $132.96.
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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.

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First Republic Bank is scheduled to release its next quarterly earnings announcement on Tuesday, January 12th 2021.
View our earnings forecast for First Republic Bank.

First Republic Bank (NYSE:FRC) released its quarterly earnings results on Sunday, October, 18th. The bank reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.38 by $0.23. First Republic Bank had a return on equity of 10.96% and a net margin of 22.95%. During the same period in the prior year, the company earned $1.31 EPS.
View First Republic Bank's earnings history.

First Republic Bank announced a quarterly dividend on Tuesday, October 13th. Stockholders of record on Thursday, October 29th will be paid a dividend of $0.20 per share on Thursday, November 12th. This represents a $0.80 annualized dividend and a dividend yield of 0.60%. The ex-dividend date of this dividend is Wednesday, October 28th.
View First Republic Bank's dividend history.

17 brokers have issued 1 year price targets for First Republic Bank's stock. Their forecasts range from $95.00 to $155.00. On average, they anticipate First Republic Bank's stock price to reach $123.38 in the next twelve months. This suggests that the stock has a possible downside of 7.2%.
View analysts' price targets for First Republic Bank.

First Republic Bank saw a increase in short interest during the month of October. As of October 30th, there was short interest totaling 4,270,000 shares, an increase of 14.5% from the October 15th total of 3,730,000 shares. Based on an average daily trading volume, of 801,400 shares, the days-to-cover ratio is presently 5.3 days.
View First Republic Bank's Short Interest.

Some companies that are related to First Republic Bank include Truist Financial (TFC), The PNC Financial Services Group (PNC), Fifth Third Bancorp (FITB), SVB Financial Group (SIVB), KeyCorp (KEY), M&T Bank (MTB), Regions Financial (RF), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), First Horizon National (FHN), Zions Bancorporation, National Association (ZION), East West Bancorp (EWBC), Signature Bank (SBNY), Prosperity Bancshares (PB) and Western Alliance Bancorporation (WAL).
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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), 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 variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (6.65%), State Street Corp (5.39%), JPMorgan Chase & Co. (2.79%), Harding Loevner LP (2.22%), Principal Financial Group Inc. (2.10%) and C WorldWide Group Holding A S (1.64%).

FRC stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Principal Financial Group Inc., Public Employees Retirement System of Ohio, Hahn Capital Management LLC, Nuveen Asset Management LLC, Charles Schwab Investment Management Inc., Diamond Hill Capital Management Inc., and Loring Wolcott & Coolidge Fiduciary Advisors LLP MA.

FRC stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., WCM Investment Management LLC, Hexavest Inc., Morgan Stanley, State Street Corp, Allianz Asset Management GmbH, Teacher Retirement System of Texas, and Great West Life Assurance Co. Can.

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 $132.96.

First Republic Bank has a market capitalization of $22.89 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]