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NYSE:FRC

First Republic Bank - FRC Stock Forecast, Price & News

$138.77
+1.05 (+0.76%)
(As of 01/26/2023 12:00 AM ET)
Add
Compare
Today's Range
$138.03
$140.89
50-Day Range
$116.83
$138.77
52-Week Range
$106.86
$181.75
Volume
1.53 million shs
Average Volume
1.75 million shs
Market Capitalization
$24.93 billion
P/E Ratio
16.82
Dividend Yield
0.78%
Price Target
$145.65

First Republic Bank MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.59 Rating Score
Upside/​Downside
4.4% Upside
$144.90 Price Target
Short Interest
Healthy
1.88% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.39
Upright™ Environmental Score
News Sentiment
0.08mentions of First Republic Bank in the last 14 days
Based on 21 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
32.17%
From $6.28 to $8.30 Per Share

Overall MarketRank

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

2.67 out of 5 stars

Finance Sector

204th out of 891 stocks

Commercial Banks, Not Elsewhere Classified Industry

13th out of 35 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

FRC.PJ First Republic Bank 4.7% DEP RP PF J
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
FRC.PI First Republic Bank 5.5% NON CUM PERP REP SER I
FRC.PM First Republic Bank 4% DEP PFD M
First Republic Bank (FRC) To Go Ex-Dividend on January 25th
The Next Big Crisis Is Here
You just can’t see it yet because it’s NOT a banking, financial, or economic crisis… it’s far worse and threatens every dollar in your retirement account.
First Republic Bank (NYSE:FRC) Price Target Cut to $185.00
First Republic Bank (NYSE:FRC) PT Raised to $150.00
Wedbush Keeps Their Buy Rating on First Republic Bank (FRC)
First Republic Bank Q4 Net Income Declines; Revenues Up 5.2%
First Republic Bank (FRC) Surpasses Q4 Earnings Estimates
First Republic Reports 2022 Results
Seven-Member Wealth Management Team Joins First Republic
First Republic Bank Plans IPO
See More Headlines
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FRC Company Calendar

Ex-Dividend for 11/10 Dividend
10/26/2022
Dividend Payable
11/10/2022
Last Earnings
1/13/2023
Ex-Dividend for 2/9 Dividend
1/25/2023
Today
1/26/2023
Dividend Payable
2/09/2023
Next Earnings (Estimated)
4/12/2023
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
6,295
Year Founded
1985

Price Target and Rating

Average Stock Price Forecast
$144.90
High Stock Price Forecast
$194.00
Low Stock Price Forecast
$97.00
Forecasted Upside/Downside
+5.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.59
Research Coverage
17 Analysts

Profitability

Net Income
$1.67 billion
Pretax Margin
31.70%

Debt

Sales & Book Value

Annual Sales
$6.75 billion
Cash Flow
$9.60 per share
Book Value
$76.89 per share

Miscellaneous

Free Float
178,389,000
Market Cap
$24.93 billion
Optionable
Optionable
Beta
1.07

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?

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, 6 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" FRC shares.
View FRC analyst ratings
or view top-rated stocks.

What is First Republic Bank's stock price forecast for 2023?

17 Wall Street analysts 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 4.4% 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 on January 1st, 2023. Since then, FRC shares have increased by 13.8% and is now trading at $138.77.
View the best growth stocks for 2023 here
.

Are investors shorting First Republic Bank?

First Republic Bank saw a increase in short interest during the month of December. As of December 30th, there was short interest totaling 3,160,000 shares, an increase of 9.3% from the December 15th total of 2,890,000 shares. Based on an average daily trading volume, of 1,720,000 shares, the short-interest ratio is currently 1.8 days.
View First Republic Bank's Short Interest
.

When is First Republic Bank's next earnings date?

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

How were First Republic Bank's earnings last quarter?

First Republic Bank (NYSE:FRC) released its earnings results on Friday, January, 13th. The bank reported $1.88 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.08. The bank had revenue of $1.40 billion for 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 company's quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the firm posted $2.02 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. Stockholders of record on Thursday, January 26th will be paid a dividend of $0.27 per share on Thursday, February 9th. This represents a $1.08 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend 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 0.78%. 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 13.01% next year. This indicates that the company will be able to sustain or increase its 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 retail and institutional investors. Top institutional shareholders include Baillie Gifford & Co. (1.52%), Cottage Street Advisors LLC (1.14%), Congress Asset Management Co. MA (0.71%), Douglas Lane & Associates LLC (0.45%), AEGON ASSET MANAGEMENT UK Plc (0.35%) and Pendal Group Ltd (0.35%).

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 $138.77.

How much money does First Republic Bank make?

First Republic Bank (NYSE:FRC) has a market capitalization of $24.93 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.

How many employees does First Republic Bank have?

The company employs 6,295 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 1/27/2023 by MarketBeat.com Staff