First Republic Bank - FRC Stock Forecast, Price & News

17 Wall Street equities 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, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" FRC shares.
View FRC analyst ratings or view top-rated stocks.

17 Wall Street analysts have issued twelve-month price objectives for First Republic Bank's stock. Their FRC share price forecasts range from $97.00 to $194.00. On average, they expect the company's share price to reach $144.90 in the next twelve months. This suggests a possible upside of 2.8% 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 on January 1st, 2023. Since then, FRC shares have increased by 15.7% and is now trading at $141.01.
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First Republic Bank saw a increase in short interest in December. As of December 30th, there was short interest totaling 3,160,000 shares, an increase of 9.3% from the December 15th total of 2,890,000 shares. Based on an average daily volume of 1,720,000 shares, the days-to-cover ratio is presently 1.8 days.
View First Republic Bank's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 12th 2023.
View our FRC earnings forecast.

First Republic Bank (NYSE:FRC) announced its quarterly earnings results on Friday, January, 13th. The bank reported $1.88 EPS for the quarter, beating the consensus estimate of $1.80 by $0.08. The bank had revenue of $1.40 billion for the quarter, compared to analysts' expectations of $1.45 billion. First Republic Bank had a trailing twelve-month return on equity of 12.66% and a net margin of 24.66%. First Republic Bank's revenue was up .0% on a year-over-year basis. During the same period last year, the company posted $2.02 EPS.
Read the conference call transcript.

First Republic Bank declared a quarterly dividend on Friday, January 13th. Investors of record on Thursday, January 26th will be paid a dividend of $0.27 per share on Thursday, February 9th. This represents a $1.08 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Wednesday, January 25th.
Read our dividend analysis for FRC.

First Republic Bank (NYSE:FRC) pays an annual dividend of $1.08 per share and currently has a dividend yield of 0.78%. The company 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 is 13.09%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FRC will have a dividend payout ratio of 13.01% next year. This indicates that the company will be able to sustain or increase its 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 many different institutional and retail investors. Top institutional investors include Baillie Gifford & Co. (1.52%), Cottage Street Advisors LLC (1.14%), Congress Asset Management Co. MA (0.71%), Douglas Lane & Associates LLC (0.45%), AEGON ASSET MANAGEMENT UK Plc (0.35%) and Pendal Group Ltd (0.35%).

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 $141.01.

First Republic Bank (NYSE:FRC) has a market capitalization of $25.33 billion and generates $5.70 billion in revenue each year. The bank earns $1.67 billion in net income (profit) each year or $8.25 on an earnings per share basis.

The company employs 6,295 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.