NYSE:FRC - First Republic Bank Stock Price, News, & Analysis

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$94.47 -2.31 (-2.39 %)

(As of 12/10/2018 03:35 AM ET)

Previous Close$94.47

Today's Range$94.27 - $97.89

52-Week Range$84.47 - $106.75

Volume1.61 million shs

Average Volume1.18 million shs

Market Capitalization$14.90 billion

P/E Ratio21.92

Dividend Yield0.76%

Beta0.82

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 of 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, and passbook deposits, 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, residential construction 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, 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. As of December 31, 2017, the company offered its services through 76 offices, including 70 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; and New York, New York, as well as 6 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

Stock Exchange NYSE

Industry Commercial banks, not elsewhere classified

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNYSE:FRC

Previous Symbol

CUSIP33616C10

Webwww.firstrepublic.com

Phone415-392-1400

Debt

Debt-to-Equity Ratio1.50

Current Ratio1.00

Quick Ratio1.00

Price-To-Earnings

Trailing P/E Ratio21.92

Forward P/E Ratio19.89

P/E Growth1.64

Sales & Book Value

Annual Sales$2.91 billion

Price / Sales5.12

Cash Flow$5.3860 per share

Price / Cash Flow17.54

Book Value$43.28 per share

Price / Book2.18

Profitability

EPS (Most Recent Fiscal Year)$4.31

Net Income$757.66 million

Net Margins24.05%

Return on Equity11.47%

Return on Assets0.89%

Miscellaneous

Employees4,025

Outstanding Shares157,760,000

Market Cap$14.90 billion

OptionableOptionable

First Republic Bank (NYSE:FRC) Frequently Asked Questions

What is First Republic Bank's stock symbol?

First Republic Bank trades on the New York Stock Exchange (NYSE) under the ticker symbol "FRC."

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, October 12th. Stockholders of record on Thursday, October 25th will be given a dividend of $0.18 per share on Thursday, November 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Wednesday, October 24th. View First Republic Bank's Dividend History.

How were First Republic Bank's earnings last quarter?

First Republic Bank (NYSE:FRC) released its quarterly earnings data on Friday, October, 12th. The bank reported $1.19 EPS for the quarter, missing the Zacks' consensus estimate of $1.20 by $0.01. The bank earned $768.83 million during the quarter, compared to analysts' expectations of $765.80 million. First Republic Bank had a net margin of 24.05% and a return on equity of 11.47%. During the same quarter in the prior year, the firm posted $1.14 EPS. View First Republic Bank's Earnings History.

When is First Republic Bank's next earnings date?

First Republic Bank is scheduled to release their next quarterly earnings announcement on Tuesday, January 15th 2019. View Earnings Estimates for First Republic Bank.

What price target have analysts set for FRC?

14 brokerages have issued 1-year target prices for First Republic Bank's stock. Their forecasts range from $94.00 to $120.00. On average, they expect First Republic Bank's share price to reach $102.4615 in the next year. This suggests a possible upside of 8.5% from the stock's current price. View Analyst Price Targets for First Republic Bank.

What is the consensus analysts' recommendation for First Republic Bank?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Republic Bank in the last year. There are currently 9 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings 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 underperformed the industry over the past six months. Also, its earnings surprise history is not impressive. The bank missed the Zacks Consensus Estimate in three of the trailing four quarters. Though the company remains well positioned for growth, given its simpler business model and non-engagement in additional businesses, escalating costs owing to investments in digital initiatives are expected to hurt the bank’s bottom-line growth further. Additionally, First Republic’s stretched valuation indicates limited upside potential for the stock." (3/20/2018)
2. Maxim Group analysts commented, "In 4Q17, FRC issued 2.875 million shares of common stock. Effective January 1, 2018, the new tax law lowered the corporate tax rate to 21%, from 35%." (1/4/2018)

Has First Republic Bank been receiving favorable news coverage?

Media coverage about FRC stock has trended somewhat positive recently, according to InfoTrie Sentiment. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. First Republic Bank earned a media sentiment score of 0.8 on InfoTrie's scale. They also gave news articles about the bank a news buzz of 1.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future.

Who are some of First Republic Bank's key competitors?

Some companies that are related to First Republic Bank include BNP PARIBAS/S (BNPQY), ANZ (ANZBY), Sumitomo Mitsui Financial Grp (SMFG), Lloyds Banking Group (LYG), Bank of Montreal (BMO), ING Groep (ING), HANG SENG Bk Lt/S (HSNGY), Banco Santander Brasil (BSBR), Canadian Imperial Bank of Commerce (CM), Banco Bilbao Vizcaya Argentaria (BBVA), OVERSEA-CHINESE/ADR (OVCHY), Barclays (BCS), CR AGRICOLE S A/ADR (CRARY), Royal Bank of Scotland Group (RBS) and ICICI Bank (IBN).

Who are First Republic Bank's key executives?

First Republic Bank's management team includes the folowing people:

Mr. James H. Herbert II, Founder, Chairman & CEO (Age 74)
Ms. Hafize Gaye Erkan, Pres (Age 38)
Mr. Michael J. Roffler, Exec. VP & CFO (Age 47)
Mr. David B. Lichtman, Sr. EVP & Chief Credit Officer (Age 55)
Mr. Michael D. Selfridge, Chief Banking Officer & Sr. EVP (Age 51)

Who are First Republic Bank's major shareholders?

First Republic Bank's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (8.71%), BlackRock Inc. (7.66%), Capital Research Global Investors (4.46%), JPMorgan Chase & Co. (4.12%), Baillie Gifford & Co. (3.94%) and Capital International Investors (3.05%).

Which institutional investors are selling First Republic Bank stock?

FRC stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, The Manufacturers Life Insurance Company , Standard Life Aberdeen plc, Eaton Vance Management, FMR LLC, Ceredex Value Advisors LLC, Mitsubishi UFJ Trust & Banking Corp and Diamond Hill Capital Management 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 Capital Research Global Investors, Capital International Investors, Select Equity Group L.P., BlackRock Inc., WCM Investment Management CA, Canada Pension Plan Investment Board, Sarasin & Partners LLP and Pictet Asset Management Ltd..

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, Scottrade, Fidelity and Charles Schwab.

What is First Republic Bank's stock price today?

One share of FRC stock can currently be purchased for approximately $94.47.

How big of a company is First Republic Bank?

First Republic Bank has a market capitalization of $14.90 billion and generates $2.91 billion in revenue each year. The bank earns $757.66 million in net income (profit) each year or $4.31 on an earnings per share basis. First Republic Bank employs 4,025 workers across the globe.

What is First Republic Bank's official website?

The official website for First Republic Bank is http://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]

MarketBeat Community Rating for First Republic Bank (NYSE FRC)

Community Ranking:		2.3 out of 5 ( )
Outperform Votes:		420 (Vote Outperform)
Underperform Votes:		490 (Vote Underperform)
Total Votes:		910

MarketBeat's community ratings are surveys of what our community members think about First Republic Bank and other stocks. Vote "Outperform" if you believe FRC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe FRC will underperform the S&P 500 over the long term. You may vote once every thirty days.

This page was last updated on 12/10/2018 by MarketBeat.com Staff

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