About First Republic Bank (NYSE:FRC)
First Republic Bank, Inc. engages in the provision of private banking, private business banking, and private wealth management, including investment, trust and brokerage services through its subsidiaries. Its services includes checking, savings, money market, online and mobile banking, automated teller machine (ATM) card and ATM/debit card, student loan refinancing, residential and personal lending, foreign exchange, business lending by industry, general business loans, commercial real estate and construction loans, business lines of credit, corporate online, treasury services, endowment management, and financial planning. It operates through two segments: Commercial Banking and Wealth Management. The Commercial Banking segment engages in attracting funds from the general public, originating loans and investing in investment securities. The Wealth Management segment engages in mutual fund activities. The company was founded by James H. Herbert II in February 1985 and is headquartered in San Francisco, CA.
Industry, Sector and Symbol
Industry Commercial banks, not elsewhere classified
Sub-IndustryRegional Banks
SectorFinance
SymbolNYSE:FRC
CUSIP33616C10
Phone415-392-1400
Debt
Debt-to-Equity Ratio1.45%
Current Ratio0.97%
Quick Ratio0.96%
Price-To-Earnings
Trailing P/E Ratio21.86
Forward P/E Ratio19.63
P/E Growth1.52
Sales & Book Value
Annual Sales$2.91 billion
Price / Sales5.10
Cash Flow$5.4545 per share
Price / Cash17.27
Book Value$43.28 per share
Price / Book2.18
Profitability
EPS (Most Recent Fiscal Year)$4.31
Net Income$757.66 million
Net Margins25.33%
Return on Equity11.76%
Return on Assets0.91%
Miscellaneous
Employees4,025
Outstanding Shares157,760,000
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 declared a quarterly dividend on Monday, April 16th. Shareholders of record on Thursday, April 26th will be given a dividend of $0.18 per share on Thursday, May 10th. This represents a $0.72 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Wednesday, April 25th. This is a boost from First Republic Bank's previous quarterly dividend of $0.17. View First Republic Bank's Dividend History.
How were First Republic Bank's earnings last quarter?
First Republic Bank (NYSE:FRC) announced its earnings results on Friday, April, 13th. The bank reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.06 by $0.07. The bank had revenue of $720.90 million for the quarter, compared to analyst estimates of $732.68 million. First Republic Bank had a net margin of 25.33% and a return on equity of 11.76%. The firm's revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.01 EPS. View First Republic Bank's Earnings History.
When is First Republic Bank's next earnings date?
What price target have analysts set for FRC?
13 brokers have issued 12-month target prices for First Republic Bank's stock. Their forecasts range from $88.00 to $121.00. On average, they expect First Republic Bank's share price to reach $100.7692 in the next twelve months. 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)
Who are some of First Republic Bank's key competitors?
Some companies that are related to First Republic Bank include Banco Bilbao Vizcaya Argentaria (BBVA), Barclays (BCS), Bank of Montreal (BMO), Hang Seng Bank (HSNGY), Crédit Agricole (CRARY), Royal Bank of Scotland Group (RBS), Soci�t� G�n�rale (SCGLY), Royal Bank of Scotland Group (RBSPF), OCBC Bank (OVCHY), Santander Brasil (BSBR), Nordea Bank (NRBAY), Canadian Imperial Bank of Commerce (CM), KBC Bank (KBCSY), United Overseas Bank (UOVEY) and Dnb Asa (DNHBY).
Who are First Republic Bank's key executives?
First Republic Bank's management team includes the folowing people:
- James H. Herbert, Chairman & Chief Executive Officer
- Hafize Gaye Erkan, President
- Jason C. Bender, Chief Operating Officer & Executive Vice President
- Michael J. Roffler, Chief Financial Officer & Executive Vice President
- Dale A. Smith, Chief Information Officer & Executive VP
Has First Republic Bank been receiving favorable news coverage?
Headlines about FRC stock have trended somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. First Republic Bank earned a media sentiment score of 0.12 on Accern's scale. They also gave media stories about the bank an impact score of 45.04 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
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 $94.20.
How big of a company is First Republic Bank?
First Republic Bank has a market capitalization of $14.67 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.
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 (FRC)
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.
First Republic Bank (NYSE:FRC) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
13 Wall Street analysts have issued ratings and price targets for First Republic Bank in the last 12 months. Their average twelve-month price target is $100.7692, suggesting that the stock has a possible upside of 6.97%. The high price target for FRC is $121.00 and the low price target for FRC is $88.00. There are currently 9 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.31 | 2.29 | 2.29 | 2.43 |
| Ratings Breakdown: | 0 Sell Rating(s)
9 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
10 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
10 Hold Rating(s)
4 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
8 Hold Rating(s)
6 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $100.7692 | $102.6429 | $102.2143 | $102.9286 |
| Price Target Upside: | 6.97% upside | 5.93% upside | 15.63% upside | 6.36% upside |
First Republic Bank (NYSE:FRC) Consensus Price Target History
First Republic Bank (NYSE:FRC) Analyst Ratings History
Show:
(Data available from 4/24/2016 forward)
First Republic Bank (NYSE:FRC) Dividend Information
First Republic Bank pays an annual dividend of $0.68 per share, with a dividend yield of 0.72%. FRC's next quarterly dividend payment will be made on Thursday, May 10. The company has grown its dividend for the last 5 consecutive years and is increasing its dividend by an average of 7.50% each year. First Republic Bank pays out 15.78% of its earnings out as a dividend.
| Next Dividend: | 5/10/2018 |
| Annual Dividend: | $0.68 |
| Dividend Yield: | 0.72% |
| Dividend Growth: | 7.50% (3 Year Average) |
| Payout Ratio: | 15.78% (Trailing 12 Months of Earnings)
14.17% (Based on This Year's Estimates)
12.21% (Based on Next Year's Estimates)
|
| Track Record: | 5 Years of Consecutive Dividend Growth |
| Frequency: | Quarterly Dividend |
First Republic Bank (NYSE:FRC) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 4/16/2018 | quarterly | $0.18 | 0.79% | 4/25/2018 | 4/26/2018 | 5/10/2018 |
| 1/16/2018 | quarterly | $0.17 | 0.73% | 1/24/2018 | 1/25/2018 | 2/8/2018 |
| 10/16/2017 | quarterly | $0.17 | 0.7% | 10/25/2017 | 10/26/2017 | 11/9/2017 |
| 7/14/2017 | Quarterly | $0.17 | 0.68% | 7/25/2017 | 7/27/2017 | 8/10/2017 |
| 4/13/2017 | quarterly | $0.17 | | 4/25/2017 | 4/27/2017 | 5/11/2017 |
| 1/13/2017 | quarterly | $0.16 | 0.7% | 1/24/2017 | 1/26/2017 | 2/9/2017 |
| 10/13/2016 | quarterly | $0.16 | 0.86% | 10/25/2016 | 10/27/2016 | 11/10/2016 |
| 7/14/2016 | quarterly | $0.16 | 0.9% | 7/26/2016 | 7/28/2016 | 8/11/2016 |
| 4/14/2016 | quarterly | $0.16 | 0.92% | 4/26/2016 | 4/28/2016 | 5/12/2016 |
| 1/15/2016 | quarterly | $0.15 | 0.95% | 1/26/2016 | 1/28/2016 | 2/11/2016 |
| 10/16/2015 | quarterly | $0.15 | 0.95% | 10/27/2015 | 10/29/2015 | 11/12/2015 |
| 7/16/2015 | quarterly | $0.15 | 0.94% | 7/28/2015 | 7/30/2015 | 8/13/2015 |
| 4/17/2015 | quarterly | $0.15 | 1.02% | 4/28/2015 | 4/30/2015 | 5/14/2015 |
| 1/15/2015 | quarterly | $0.14 | 1.16% | 1/27/2015 | 1/29/2015 | 2/12/2015 |
| 10/16/2014 | quarterly | $0.14 | 1.19% | 10/28/2014 | 10/30/2014 | 11/13/2014 |
| 7/16/2014 | quarterly | $0.14 | 1.17% | 7/30/2014 | 8/1/2014 | 8/15/2014 |
| 4/16/2014 | quarterly | $0.14 | 1.08% | 4/29/2014 | 5/1/2014 | 5/15/2014 |
| 1/16/2014 | quarterly | $0.12 | 0.94% | 1/29/2014 | 1/31/2014 | 2/14/2014 |
| 10/15/2013 | quarterly | $0.12 | 0.99% | 10/30/2013 | 11/1/2013 | 11/15/2013 |
| 7/17/2013 | quarterly | $0.12 | 1.15% | 7/30/2013 | 8/1/2013 | 8/15/2013 |
| 4/15/2013 | quarterly | $0.12 | 1.27% | 4/29/2013 | 5/1/2013 | 5/15/2013 |
(Data available from 1/1/2013 forward)
First Republic Bank (NYSE FRC) Insider Trading and Institutional Ownership History
Institutional Ownership Percentage: 99.32%
First Republic Bank (NYSE FRC) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
(Data available from 1/1/2013 forward)
First Republic Bank (NYSE FRC) News Headlines
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First Republic Bank (NYSE:FRC) SEC Filings
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First Republic Bank (NYSE:FRC) Income Statement, Balance Sheet and Cash Flow Statement
First Republic Bank (NYSE FRC) Stock Chart for Tuesday, April, 24, 2018
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