First Republic Bank (FRC) Stock Forecast, Price & News

20 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for First Republic Bank in the last twelve months. There are currently 3 sell ratings, 12 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" FRC shares. 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 FRC analyst ratings or view top-rated stocks.

20 equities research analysts have issued 12 month price objectives for First Republic Bank's shares. Their FRC share price forecasts range from $11.00 to $188.00. On average, they expect the company's share price to reach $115.79 in the next twelve months. This suggests a possible upside of 4,934.3% from the stock's current price.
View analysts price targets for FRC or view top-rated stocks among Wall Street analysts.

First Republic Bank's stock was trading at $121.89 at the beginning of the year. Since then, FRC stock has decreased by 98.1% and is now trading at $2.30.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 13th 2023.
View our FRC earnings forecast.

First Republic Bank (NYSE:FRC) issued its earnings results on Monday, April, 24th. The bank reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.51. The bank had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.13 billion. First Republic Bank had a trailing twelve-month return on equity of 11.26% and a net margin of 20.45%. First Republic Bank's revenue was down 13.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.00 earnings per share.
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First Republic Bank announced a quarterly dividend on Friday, January 13th. Shareholders of record on Thursday, January 26th will be given a dividend of $0.27 per share on Thursday, February 9th. This represents a $1.08 annualized dividend and a yield of 46.96%. The ex-dividend date is Wednesday, January 25th.
Read our dividend analysis for FRC.

ETFs with the largest weight of First Republic Bank (NYSE:FRC) stock in their portfolio include Roundhill MEME ETF (MEME), Natixis Vaughan Nelson Mid Cap ETF (VNMC), Putnam Sustainable Future ETF (PFUT), Putnam Sustainable Leaders ETF (PLDR), Gabelli Financial Services Opportunities ETF (GABF), iShares U.S. Regional Banks ETF (IAT), Invesco KBW Bank ETF (KBWB) and SPDR S&P Regional Banking ETF (KRE).

First Republic Bank (NYSE:FRC) pays an annual dividend of $1.08 per share and currently has a dividend yield of 17.45%. FRC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 14.44%. This payout ratio is at a healthy, sustainable level, below 75%. Based on EPS estimates, FRC will have a dividend payout ratio of 220.41% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for FRC.

255 employees have rated First Republic Bank Chief Executive Officer James H. Herbert II on Glassdoor.com. James H. Herbert II has an approval rating of 97% among the company's employees. This puts James H. Herbert II in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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).

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

First Republic Bank's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Susquehanna International Group LLP (0.00%), Geode Capital Management LLC (2.13%), Jane Street Group LLC (0.00%), Simplex Trading LLC (0.00%), Group One Trading L.P. (0.00%) and Ursa Fund Management LLC (0.00%).

Shares of FRC stock 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.
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One share of FRC stock can currently be purchased for approximately $2.30.

First Republic Bank (NYSE:FRC) has a market capitalization of $413.19 million and generates $5.77 billion in revenue each year. The bank earns $1.67 billion in net income (profit) each year or $7.48 on an earnings per share basis.

The company employs 7,213 workers across the globe.

First Republic Bank's mailing address is 111 Pine Street 2nd Floor, San Francisco CA, 94111. The official website for the company is www.firstrepublic.com. The bank can be reached via phone at (415) 392-1400, via email at investorrelations@firstrepublic.com, or via fax at 415-392-1413.