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NYSE:FRC

First Republic Bank Stock Forecast, Price & News

$183.03
-3.29 (-1.77 %)
(As of 05/12/2021 12:00 AM ET)
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Today's Range
$182.93
$189.49
50-Day Range
$164.85
$188.64
52-Week Range
$92.13
$191.76
Volume671,923 shs
Average Volume905,362 shs
Market Capitalization$31.52 billion
P/E Ratio31.50
Dividend Yield0.47%
Beta1.06
30 days | 90 days | 365 days | Advanced Chart
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First Republic Bank logo

About First Republic Bank

First Republic Bank, together with its subsidiaries, provides private banking, private business banking, and private 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 and construction loans, personal and business loans, single family construction loans, and other 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 services. Additionally, the company offers online and mobile banking services; refinancing services; and ATM and debit cards. As of December 31, 2020, the company offered its services through 92 offices, including 80 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; and Jackson, Wyoming, as well as 12 additional 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 Commercial banks, not elsewhere classified
Sub-IndustryRegional Banks
SectorFinance
CUSIP33616C10
Phone415-392-1400
Employees5,483
Year Founded1985

Sales & Book Value

Annual Sales$4.16 billion
Cash Flow$7.20 per share
Book Value$51.68 per share

Profitability

Net Income$930.33 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap$31.52 billion
Next Earnings Date7/13/2021 (Estimated)
OptionableOptionable

Social Links


MarketRank

Overall MarketRank

1.97 out of 5 stars

Finance Sector

218th out of 1,953 stocks

Commercial Banks, Not Elsewhere Classified Industry

6th out of 73 stocks

Analyst Opinion: 2.1Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.7Valuation: 1.3 5 -4 -3 -2 -1 -
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First Republic Bank (NYSE:FRC) Frequently Asked Questions

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 3 sell ratings, 7 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 top-rated stocks.

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.

When is First Republic Bank's next earnings date?

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

How were First Republic Bank's earnings last quarter?

First Republic Bank (NYSE:FRC) released its earnings results on Tuesday, April, 13th. The bank reported $1.79 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.25. The bank earned $1.10 billion during the quarter, compared to analysts' expectations of $1.09 billion. First Republic Bank had a trailing twelve-month return on equity of 10.96% and a net margin of 22.95%. The company's revenue was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.20 earnings per share.
View First Republic Bank's earnings history
.

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

First Republic Bank's stock was trading at $89.22 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, FRC shares have increased by 105.1% and is now trading at $183.03.
View which stocks have been most impacted by COVID-19
.

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 Wednesday, April 14th. Shareholders of record on Thursday, April 29th will be paid a dividend of $0.22 per share on Thursday, May 13th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Wednesday, April 28th. This is a boost from First Republic Bank's previous quarterly dividend of $0.20.
View First Republic Bank's dividend history
.

Is First Republic Bank a good dividend stock?

First Republic Bank pays an annual dividend of $0.88 per share and currently has a dividend yield of 0.47%. First Republic Bank has been increasing its dividend for 7 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio of First Republic Bank is 15.15%. 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 13.06% 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 Wall Street analysts have issued twelve-month price targets for First Republic Bank's stock. Their forecasts range from $100.00 to $210.00. On average, they expect First Republic Bank's share price to reach $147.25 in the next year. This suggests that the stock has a possible downside of 19.5%.
View analysts' price targets for First Republic Bank
or view top-rated stocks among Wall Street analysts.

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. Crystal Bryant, Sr. VP & Chief Admin. Officer
  • Mr. Michael Ioanilli, VP & Director of Investor Relations

What is James H. Herbert II's approval rating as First Republic Bank's CEO?

255 employees have rated First Republic Bank CEO James H. Herbert II on Glassdoor.com. James H. Herbert II has an approval rating of 97% among First Republic Bank's employees. This puts James H. Herbert II in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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 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 many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (6.87%), Baillie Gifford & Co. (2.78%), Principal Financial Group Inc. (1.94%), Alecta Pensionsforsakring Omsesidigt (1.82%), Geode Capital Management LLC (1.71%) and C WorldWide Group Holding A S (1.65%).

Which institutional investors are selling First Republic Bank stock?

FRC stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Standard Life Aberdeen plc, M&G Investment Management Ltd., Principal Financial Group Inc., Parnassus Investments CA, Diamond Hill Capital Management Inc., Victory Capital Management Inc., and Hexavest Inc..

Which institutional investors are buying First Republic Bank stock?

FRC stock was purchased by a variety of institutional investors in the last quarter, including Alecta Pensionsforsakring Omsesidigt, Artisan Partners Limited Partnership, Baillie Gifford & Co., BlackRock Inc., Geode Capital Management LLC, Whittier Trust Co., MUFG Securities EMEA plc, and DE Burlo Group Inc..

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.
Compare Top Brokerages Here.

What is First Republic Bank's stock price today?

One share of FRC stock can currently be purchased for approximately $183.03.

How much money does First Republic Bank make?

First Republic Bank has a market capitalization of $31.52 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.

How many employees does First Republic Bank have?

First Republic Bank employs 5,483 workers across the globe.

When was First Republic Bank founded?

First Republic Bank was founded in 1985.

What is First Republic Bank's official website?

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

Where are First Republic Bank's headquarters?

First Republic Bank is headquartered at 111 Pine Street 2nd Floor, San Francisco CA, 94111.

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 5/13/2021 by MarketBeat.com Staff
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