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S&P 500   4,205.45
DOW   33,093.34
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10 Ways Entrepreneurs Can Navigate a Down Economy
How to Invest in AI's Fast-Growing Market (Ad)
Get the Most Out of Remote Meetings and Avoid Meeting Burn Out
A Woman Co-founder's Guide to Empowering Women in the Workplace and Advocating for Gender Equality
How to Invest in AI's Fast-Growing Market (Ad)
Open vs. Anonymous Employee Feedback — Which is Better?
PwC Australia sidelines 9 directors as leak of tax information investigated
How to Invest in AI's Fast-Growing Market (Ad)
South African president appoints judge to oversee weapons-for-Russia inquiry
Drought-struck Barcelona quenches thirst with costly desalination
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
10 Ways Entrepreneurs Can Navigate a Down Economy
How to Invest in AI's Fast-Growing Market (Ad)
Get the Most Out of Remote Meetings and Avoid Meeting Burn Out
A Woman Co-founder's Guide to Empowering Women in the Workplace and Advocating for Gender Equality
How to Invest in AI's Fast-Growing Market (Ad)
Open vs. Anonymous Employee Feedback — Which is Better?
PwC Australia sidelines 9 directors as leak of tax information investigated
How to Invest in AI's Fast-Growing Market (Ad)
South African president appoints judge to oversee weapons-for-Russia inquiry
Drought-struck Barcelona quenches thirst with costly desalination
S&P 500   4,205.45
DOW   33,093.34
QQQ   348.40
10 Ways Entrepreneurs Can Navigate a Down Economy
How to Invest in AI's Fast-Growing Market (Ad)
Get the Most Out of Remote Meetings and Avoid Meeting Burn Out
A Woman Co-founder's Guide to Empowering Women in the Workplace and Advocating for Gender Equality
How to Invest in AI's Fast-Growing Market (Ad)
Open vs. Anonymous Employee Feedback — Which is Better?
PwC Australia sidelines 9 directors as leak of tax information investigated
How to Invest in AI's Fast-Growing Market (Ad)
South African president appoints judge to oversee weapons-for-Russia inquiry
Drought-struck Barcelona quenches thirst with costly desalination
NYSE:FRC

First Republic Bank (FRC) Stock Forecast, Price & News

$2.30
-1.21 (-34.47%)
(As of 05/1/2023)
Compare
Today's Range
$2.30
$2.30
50-Day Range
$2.30
$123.22
52-Week Range
$2.30
$171.09
Volume
16.16 million shs
Average Volume
36.30 million shs
Market Capitalization
$413.19 million
P/E Ratio
0.31
Dividend Yield
46.96%
Price Target
$116.58

First Republic Bank MarketRank™ Forecast

Analyst Rating
Hold
2.10 Rating Score
Upside/​Downside
4,934.3% Upside
$115.79 Price Target
Short Interest
Bearish
31.18% of Shares Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-0.39
Upright™ Environmental Score
News Sentiment
0.55mentions of First Republic Bank in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.77) to $0.49 Per Share

Overall MarketRank

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

2.80 out of 5 stars

Finance Sector

252nd out of 902 stocks

Commercial Banks, Not Elsewhere Classified Industry

9th out of 33 stocks


FRC stock logo

About First Republic Bank (NYSE:FRC) Stock

First Republic Bank was founded by Jim Herbert with the intention of providing exceptional levels of customer service. It was his belief that customer service would set the bank apart and create a profitable investment for its shareholders. After 35 years, his vision has proven true with a 25% CAGR that continues to this day. The initial enterprise value has grown from only $8.8 million in that time, to over $19 billion making it the 14th largest bank in the US. First Republic Bank was founded in 1985 and is headquartered in San Francisco, California.

First Republic Bank with its subsidiaries operates in two segments and provides personal banking, business banking, and wealth management services to individuals, families, organizations, and small businesses in the United States. The company’s services are available in-person at one of the more than 80 offices or via ATM, online, mobile, and debit cards.

The company offers deposit products including checking and saving accounts, money market, and CDs as well as a range of lending products. The full range of lending products includes but is not limited to residential mortgages, home equity lines of credit, commercial real estate and construction loans, and personal and business loans.

The company’s wealth management services include advisory services, online investment management, trusts, estate planning, and alternative investments as well as insurance and foreign exchange. The online brokerage service is available to all clients and can be accessed at any time via a web browser or mobile device.

First Republic Bank operates a network of more than 80 deposit-taking branches and 12 wealth management offices. The network is located primarily in California with additional branches in major metropolitan areas and two destination locations that include Portland, Boston, Palm Beach, Greenwich, New York, and Jackson, Wyoming.

First Republic Bank has proven its worth over the year by maintaining a consistently strong capital level, asset quality, and liquidity position. Its prudent management has allowed it to weather market ups and downs while commanding investment grade ratings for its bonds and preferred stock.


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FRC Stock News Headlines

California regulators seize First Republic Bank; JP Morgan Chase is taking over all deposits and most assets
California regulators seize First Republic Bank; JP Morgan Chase is taking over all deposits and most assets
How to Invest in AI's Fast-Growing Market
The AI market stands at $160 billion in 2023. Estimates are the AI market will grow 20-fold to $1.8 TRILLION by 2030. One little-known company is looking to win big with a new network technology no one else has. AI could explode... and soon.
Here’s How Wall Street Fleeces Investors
How to Invest in AI's Fast-Growing Market
The AI market stands at $160 billion in 2023. Estimates are the AI market will grow 20-fold to $1.8 TRILLION by 2030. One little-known company is looking to win big with a new network technology no one else has. AI could explode... and soon.
Stocks Rally to Cap Tumultuous Week
See More Headlines
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FRC Company Calendar

Last Earnings
4/24/2023
Today
5/29/2023
Next Earnings (Estimated)
7/13/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Commercial banks, not elsewhere classified
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
33616C10
Employees
7,213
Year Founded
1985

Price Target and Rating

Average Stock Price Forecast
$115.79
High Stock Price Forecast
$188.00
Low Stock Price Forecast
$11.00
Forecasted Upside/Downside
+4,968.6%
Consensus Rating
Hold
Rating Score (0-4)
2.10
Research Coverage
20 Analysts

Profitability

Net Income
$1.67 billion
Pretax Margin
26.17%

Debt

Sales & Book Value

Annual Sales
$5.77 billion
Cash Flow
$3.83 per share
Book Value
$79.92 per share

Miscellaneous

Free Float
178,389,000
Market Cap
$413.19 million
Optionable
Optionable
Beta
1.01

Social Links


Key Executives

  • Michael J. Roffler
    President, Chief Executive Officer & Director
  • Susie Cranston
    Chief Operating Officer & Executive Vice President
  • Neal Holland
    Chief Financial Officer & Executive Vice President
  • James D. Hughes
    Chief Information Officer & Executive VP
  • David B. Lichtman
    Chief Credit Officer & Senior Executive VP













FRC Stock - Frequently Asked Questions

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

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First Republic Bank in the last twelve months. There are currently 3 sell ratings, 12 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities 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 2023?

20 equities research analysts have issued 12 month price objectives for First Republic Bank's shares. Their FRC share price forecasts range from $11.00 to $188.00. On average, they expect the company's share price to reach $115.79 in the next twelve months. This suggests a possible upside of 4,934.3% 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 2023?

First Republic Bank's stock was trading at $121.89 at the beginning of the year. Since then, FRC stock has decreased by 98.1% and is now trading at $2.30.
View the best growth stocks for 2023 here
.

When is First Republic Bank's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, July 13th 2023.
View our FRC earnings forecast
.

How were First Republic Bank's earnings last quarter?

First Republic Bank (NYSE:FRC) issued its earnings results on Monday, April, 24th. The bank reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.51. The bank had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.13 billion. First Republic Bank had a trailing twelve-month return on equity of 11.26% and a net margin of 20.45%. First Republic Bank's revenue was down 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.00 earnings per share.
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 Friday, January 13th. Shareholders 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 yield of 46.96%. The ex-dividend date is Wednesday, January 25th.
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 17.45%. FRC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 14.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, FRC will have a dividend payout ratio of 220.41% in the coming year. This indicates that the company may not be able to sustain their current 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 number of institutional and retail investors. Top institutional shareholders include Susquehanna International Group LLP (0.00%), Geode Capital Management LLC (2.13%), Jane Street Group LLC (0.00%), Simplex Trading LLC (0.00%), Group One Trading L.P. (0.00%) and Ursa Fund Management LLC (0.00%).

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 $2.30.

How much money does First Republic Bank make?

First Republic Bank (NYSE:FRC) has a market capitalization of $413.19 million and generates $5.77 billion in revenue each year. The bank earns $1.67 billion in net income (profit) each year or $7.48 on an earnings per share basis.

How many employees does First Republic Bank have?

The company employs 7,213 workers across the globe.

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 5/30/2023 by MarketBeat.com Staff

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