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DOW   30,775.43
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S&P 500   3,785.38
DOW   30,775.43
QQQ   280.28
S&P 500   3,785.38
DOW   30,775.43
QQQ   280.28
S&P 500   3,785.38
DOW   30,775.43
QQQ   280.28
NYSE:FRC

First Republic Bank Stock Forecast, Price & News

$144.20
-1.66 (-1.14%)
(As of 06/30/2022 05:49 PM ET)
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Today's Range
$141.51
$146.48
50-Day Range
$134.30
$157.41
52-Week Range
$133.37
$222.86
Volume
960,741 shs
Average Volume
1.35 million shs
Market Capitalization
$25.91 billion
P/E Ratio
18.30
Dividend Yield
0.74%
Price Target
$199.69
30 days | 90 days | 365 days | Advanced Chart

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FRC Stock Forecast (MarketRank)

Overall MarketRank

3.29 out of 5 stars

Finance Sector

89th out of 1,394 stocks

Commercial Banks, Not Elsewhere Classified Industry

1st out of 39 stocks

Analyst Opinion: 4.2Community Rank: 4.1Dividend Strength: 3.3Insider Behavior: 1.7Valuation: 3.1 5 -4 -3 -2 -1 -
First Republic Bank logo

About First Republic Bank (NYSE:FRC)

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 in two segments, Commercial Banking and Wealth Management. The company accepts deposit products, such as noninterest-bearing checking, interest-bearing checking, money market checking accounts, money market savings accounts, and passbook 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, trust and custody, full service and online brokerage, financial and estate planning, and access to alternative investments, as well as investing, insurance, and foreign exchange services. Further, the company offers online and mobile banking services; refinancing services; and ATM and debit cards. As of December 31, 2021, it offered its services through 82 licensed deposit taking offices primarily in the 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. It also has 12 additional offices that offer lending, wealth management, or trust services. First Republic Bank was founded in 1985 and is headquartered in San Francisco, California.

FRC Stock News Headlines

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Industry, Sector and Symbol

Industry
Commercial banks, not elsewhere classified
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
33616C10
Employees
6,295
Year Founded
1985

Company Calendar

Last Earnings
4/13/2022
Ex-Dividend for 5/12 Dividend
4/27/2022
Dividend Payable
5/12/2022
Today
7/01/2022
Next Earnings (Estimated)
7/12/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$199.69
High Stock Price Forecast
$250.00
Low Stock Price Forecast
$157.00
Forecasted Upside/Downside
+38.5%
Consensus Rating
Hold
Rating Score (0-4)
2.38461538461538
Research Coverage
13 Analysts

Profitability

Net Income
$1.48 billion
Pretax Margin
34.72%

Debt

Sales & Book Value

Annual Sales
$5.31 billion
Cash Flow
$9.26 per share
Book Value
$69.57 per share

Miscellaneous

Free Float
N/A
Market Cap
$25.91 billion
Optionable
Optionable
Beta
1.11

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First Republic Bank Frequently Asked Questions

Should I buy or sell First Republic Bank stock right now?

13 Wall Street research 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 and 6 buy ratings 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 is First Republic Bank's stock price forecast for 2022?

13 analysts have issued 1-year target prices for First Republic Bank's stock. Their FRC stock forecasts range from $157.00 to $250.00. On average, they anticipate First Republic Bank's share price to reach $199.69 in the next twelve months. This suggests a possible upside of 38.5% from the stock's current price.
View analysts' price targets for First Republic Bank
or view top-rated stocks among Wall Street analysts.

How has First Republic Bank's stock performed in 2022?

First Republic Bank's stock was trading at $206.51 at the beginning of 2022. Since then, FRC stock has decreased by 30.2% and is now trading at $144.20.
View the best growth stocks for 2022 here
.

Are investors shorting First Republic Bank?

First Republic Bank saw a increase in short interest in June. As of June 15th, there was short interest totaling 3,160,000 shares, an increase of 18.8% from the May 31st total of 2,660,000 shares. Based on an average daily volume of 1,200,000 shares, the short-interest ratio is currently 2.6 days. Approximately 1.9% of the shares of the stock are short sold.
View First Republic Bank's Short Interest
.

When is First Republic Bank's next earnings date?

First Republic Bank is scheduled to release its next quarterly earnings announcement on Tuesday, July 12th 2022.
View our earnings forecast for First Republic Bank
.

How were First Republic Bank's earnings last quarter?

First Republic Bank (NYSE:FRC) posted its quarterly earnings results on Wednesday, April, 13th. The bank reported $2.00 earnings per share for the quarter, beating analysts' consensus estimates of $1.90 by $0.10. The bank had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.40 billion. First Republic Bank had a net margin of 27.93% and a trailing twelve-month return on equity of 12.91%. First Republic Bank's revenue was up 27.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.79 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 declared a quarterly dividend on Wednesday, April 13th. Stockholders of record on Thursday, April 28th will be paid a dividend of $0.27 per share on Thursday, May 12th. This represents a $1.08 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, April 27th. This is a boost from First Republic Bank's previous quarterly dividend of $0.22.
View First Republic Bank's dividend history
.

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 0.74%. First Republic Bank 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 of First Republic Bank is 13.71%. 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 11.11% next year. This indicates that First Republic Bank will be able to sustain or increase its dividend.
View First Republic Bank's dividend history.

Who are First Republic Bank's key executives?

First Republic Bank's management team includes the following people:
  • Mr. Michael J. Roffler, Pres, CEO & Director (Age 51, Pay $1.65M)
  • Mr. David B. Lichtman, Sr. EVP & Chief Credit Officer (Age 59, Pay $2.27M)
  • Mr. Robert Lee Thornton, Exec. VP & Pres of First Republic Private Wealth Management (Age 64, Pay $2.23M)
  • Mr. Michael D. Selfridge, Sr. EVP & Chief Banking Officer (Age 55, Pay $2.09M)
  • Ms. Olga Tsokova, Exec. VP, Chief Accounting Officer & Acting CFO (Age 49)
  • Mr. Michael Ioanilli, VP & Director of Investor Relations
  • Mr. Edward Joseph Dobranski, Exec. VP, Gen. Counsel & Sec. (Age 72)
  • Ms. Mollie M. Richardson, Exec. VP & Chief People Officer (Age 43)
  • Mr. Carmen Castro-Franceschi, Exec. Managing Director - San Fransisco - Div
  • Mr. William G. Dessoffy, Regional Managing Director of New York

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.

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."

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 $144.20.

How much money does First Republic Bank make?

First Republic Bank (NYSE:FRC) has a market capitalization of $25.91 billion and generates $5.31 billion in revenue each year. The bank earns $1.48 billion in net income (profit) each year or $7.88 on an earnings per share basis.

How many employees does First Republic Bank have?

First Republic Bank employs 6,295 workers across the globe.

When was First Republic Bank founded?

First Republic Bank was founded in 1985.

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 First Republic Bank is www.firstrepublic.com. The bank can be reached via phone at (415) 392-1400, via email at [email protected], or via fax at 415-392-1413.

This page (NYSE:FRC) was last updated on 7/1/2022 by MarketBeat.com Staff

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