NYSE:FRC - First Republic Bank Stock Price, Price Target & More

Sign in or create an account to add this stock to your watchlist.
$100.28 -0.66 (-0.65 %)
(As of 06/22/2018 04:00 PM ET)
Previous Close$100.94
Today's Range$100.06 - $102.03
52-Week Range$84.56 - $105.52
Volume2.40 million shs
Average Volume1.34 million shs
Market Capitalization$15.91 billion
P/E Ratio23.27
Dividend Yield0.71%
Beta0.85
First Republic Bank logoFirst 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.

Receive FRC News and Ratings via Email

Sign-up to receive the latest news and ratings for FRC and its competitors with MarketBeat's FREE daily newsletter.

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 Ratio23.27
Forward P/E Ratio20.89
P/E Growth1.65

Sales & Book Value

Annual Sales$2.91 billion
Price / Sales5.43
Cash Flow$5.3568 per share
Price / Cash18.72
Book Value$43.28 per share
Price / Book2.32

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 announced a quarterly dividend on Monday, April 16th. Stockholders of record on Thursday, April 26th will be paid a dividend of $0.18 per share on Thursday, May 10th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Wednesday, April 25th. This is an increase 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) issued its quarterly earnings data on Friday, April, 13th. The bank reported $1.13 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.06 by $0.07. The bank earned $720.90 million during the quarter, compared to the consensus estimate of $732.68 million. First Republic Bank had a net margin of 25.33% and a return on equity of 11.76%. The company's quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.01 earnings per share. 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 Friday, July, 13th 2018. View Earnings Estimates for First Republic Bank.

What price target have analysts set for FRC?

14 Wall Street analysts have issued twelve-month target prices for First Republic Bank's shares. Their forecasts range from $88.00 to $121.00. On average, they anticipate First Republic Bank's share price to reach $102.1429 in the next year. 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?

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)

Has First Republic Bank been receiving favorable news coverage?

Media coverage about FRC stock has trended somewhat positive on Friday, according to Accern. Accern scores the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Republic Bank earned a coverage optimism score of 0.11 on Accern's scale. They also assigned news stories about the bank an impact score of 48.19 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.

Who are First Republic Bank's major shareholders?

First Republic Bank's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.66%), JPMorgan Chase & Co. (4.38%), Baillie Gifford & Co. (3.79%), C WorldWide Group Holding A S (2.05%), Diamond Hill Capital Management Inc. (1.96%) and Royal Bank of Canada (1.71%). View Institutional Ownership Trends for First Republic Bank.

Which institutional investors are selling First Republic Bank stock?

FRC stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, JPMorgan Chase & Co., Ontario Teachers Pension Plan Board, BlackRock Inc., Atlantic Trust Group LLC, Baird Financial Group Inc., Eaton Vance Management and Schroder Investment Management Group. View Insider Buying and Selling for First Republic Bank.

Which institutional investors are buying First Republic Bank stock?

FRC stock was bought by a variety of institutional investors in the last quarter, including The Manufacturers Life Insurance Company, Principal Financial Group Inc., Principal Financial Group Inc., Ceredex Value Advisors LLC, Diamond Hill Capital Management Inc., Douglass Winthrop Advisors LLC, Cortland Advisers LLC and State of New Jersey Common Pension Fund D. View Insider Buying and Selling for First Republic Bank.

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 $100.28.

How big of a company is First Republic Bank?

First Republic Bank has a market capitalization of $15.91 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)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  375 (Vote Outperform)
Underperform Votes:  444 (Vote Underperform)
Total Votes:  819
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 6/22/2018 by MarketBeat.com Staff

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.