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NYSE:FRCFirst Republic Bank Stock Price, Forecast & News

$104.62
-0.41 (-0.39 %)
(As of 07/3/2020 04:00 PM ET)
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Today's Range
$103.92
Now: $104.62▼
$108.43
50-Day Range
$95.91
MA: $106.62▼
$120.11
52-Week Range
$70.06
Now: $104.62▼
$125.12
Volume802,620 shs
Average Volume1.17 million shs
Market Capitalization$17.93 billion
P/E Ratio20.35
Dividend Yield0.76%
Beta1.18
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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Beat the Market (BTM) Rank™

Analyst Opinion: 2.2Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.74 out of 5 stars


Industry, Sector and Symbol

Stock Exchange NYSE
Industry Commercial banks, not elsewhere classified
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNYSE:FRC
Previous Symbol
CUSIP33616C10
CIK1132979
Webwww.firstrepublic.com
Phone415-392-1400

Debt

Debt-to-Equity Ratio1.96
Current Ratio1.06
Quick Ratio1.05

Price-To-Earnings

Trailing P/E Ratio20.35
Forward P/E Ratio20.92
P/E Growth4.01

Sales & Book Value

Annual Sales$4.16 billion
Price / Sales4.31
Cash Flow$6.34 per share
Price / Cash Flow16.50
Book Value$51.68 per share
Price / Book2.02

Profitability

EPS (Most Recent Fiscal Year)$5.20
Net Income$930.33 million
Net Margins21.46%
Return on Equity10.64%
Return on Assets0.81%

Miscellaneous

Employees4,812
Outstanding Shares171,400,000
Market Cap$17.93 billion
Next Earnings Date7/14/2020 (Confirmed)
OptionableOptionable
FRC Rates by TradingView

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First Republic Bank (NYSE:FRC) Frequently Asked Questions

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

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 (WHO). Since then, FRC stock has increased by 17.3% and is now trading at $104.62. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of First Republic Bank?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Republic Bank in the last year. There are currently 1 sell rating, 10 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for First Republic Bank.

When is First Republic Bank's next earnings date?

First Republic Bank is scheduled to release its next quarterly earnings announcement on Tuesday, July 14th 2020. View our earnings forecast for First Republic Bank.

How can I listen to First Republic Bank's earnings call?

First Republic Bank will be holding an earnings conference call on Tuesday, July 14th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were First Republic Bank's earnings last quarter?

First Republic Bank (NYSE:FRC) announced its quarterly earnings results on Tuesday, April, 14th. The bank reported $1.20 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.16 by $0.04. The bank earned $916.20 million during the quarter, compared to the consensus estimate of $882.80 million. First Republic Bank had a return on equity of 10.64% and a net margin of 21.46%. First Republic Bank's revenue for the quarter was up 10.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 earnings per share. View First Republic Bank's earnings history.

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 Tuesday, April 14th. Shareholders of record on Thursday, April 30th will be paid a dividend of $0.20 per share on Thursday, May 14th. This represents a $0.80 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Wednesday, April 29th. This is an increase from First Republic Bank's previous quarterly dividend of $0.19. View First Republic Bank's dividend history.

What price target have analysts set for FRC?

18 brokerages have issued 12-month price targets for First Republic Bank's shares. Their forecasts range from $68.00 to $130.00. On average, they anticipate First Republic Bank's share price to reach $109.25 in the next year. This suggests a possible upside of 4.4% from the stock's current price. View analysts' price targets 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. According to Zacks Investment Research, "Shares of First Republic have outperformed the industry over the past six months. Also, it displays an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters. Improving loan and deposit balances might continue supporting First Republic's profitability. Also, increasing fee income on steady rise in investment management fees reflects top line strength. Net interest income continues to rise with loan growth. The company complies with all regulatory ratio requirements, reflecting a strong capital position. However, contraction of net interest margin due to lower interest rates is a headwind as it impedes top-line growth. Further, rising expenses due to investments in digital initiatives might affect bottom line expansion. Also, it faces credit risk in case of any economic downturn." (6/5/2020)
  • 2. Maxim Group analysts commented, "2Q19 results included record loan originations and excellent credit quality. The NIM was down 12bps linked-quarter, but NIM compression is expected to slow materially. Wealth management fees were down due to departure of an advisor group, but expenses should be down similarly. We are lowering our 2020 EPS estimate to $5.65, from $6.00, and lowering our price target to $110, from $115. Our new price target equates to 19.5x (vs. 19.2x for our previous price target) our new 2020 EPS estimate, which is inline with other best-in-class Smid-Cap Banks." (7/17/2019)

Has First Republic Bank been receiving favorable news coverage?

Headlines about FRC stock have trended negative on Monday, according to InfoTrie. The research firm identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. First Republic Bank earned a media sentiment score of -2.1 on InfoTrie's scale. They also gave news coverage about the bank a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the next several days. View the latest news about First Republic Bank.

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), Endologix (ELGX), Aegean Marine Petroleum Network (ANW), Accenture (ACN), AutoZone (AZO), Micron Technology (MU), NVIDIA (NVDA) and United Rentals (URI).

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 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)

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 institutional and retail investors. Top institutional shareholders include First Financial Bank Trust Division (0.04%) and Nelson Van Denburg & Campbell Wealth Management Group LLC (0.00%).

Which institutional investors are buying First Republic Bank stock?

FRC stock was acquired by a variety of institutional investors in the last quarter, including First Financial Bank Trust Division, and Nelson Van Denburg & Campbell Wealth Management Group LLC.

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, Robinhood, Fidelity, and Charles Schwab.

What is First Republic Bank's stock price today?

One share of FRC stock can currently be purchased for approximately $104.62.

How big of a company is First Republic Bank?

First Republic Bank has a market capitalization of $17.93 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.

What is First Republic Bank's official website?

The official website for First Republic Bank is 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]

This page was last updated on 7/6/2020 by MarketBeat.com Staff

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