NYSE:FRC

First Republic Bank - FRC Stock Forecast, Price & News

$127.61

+6.04 (+4.97%)

(As of 11/30/2022 12:00 AM ET)

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Today's Range: $120.73
▼
$128.14
50-Day Range: $111.47
▼
$142.35
52-Week Range: $106.86
▼
$217.36

Volume: 2.07 million shs
Average Volume: 1.32 million shs
Market Capitalization: $22.92 billion

P/E Ratio: 15.21
Dividend Yield: 0.89%
Price Target: $151.32

First Republic Bank MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 18.6% Upside
$151.32 Price Target
Short Interest: Healthy
1.71% of Shares Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.39
Upright™ Environmental Score
News Sentiment: -0.59
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: -11.97%
From $8.19 to $7.21 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.43 out of 5 stars

Finance Sector

389th out of 907 stocks

Commercial Banks, Not Elsewhere Classified Industry

17th out of 36 stocks

3.3

Analyst's Opinion

Consensus Rating
First Republic Bank has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 7 buy ratings, 7 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $151.32, First Republic Bank has a forecasted upside of 18.6% from its current price of $127.61.
Amount of Analyst Coverage
First Republic Bank has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

3.0

Short Interest

Percentage of Shares Shorted
1.71% of the outstanding shares of First Republic Bank have been sold short.
Short Interest Ratio / Days to Cover
First Republic Bank has a short interest ratio ("days to cover") of 2.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in First Republic Bank has recently increased by 78.03%, indicating that investor sentiment is decreasing significantly.

3.3

Dividend Strength

Dividend Yield
First Republic Bank has a dividend yield of 0.89%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
First Republic Bank has been increasing its dividend for 10 years.
Dividend Coverage
The dividend payout ratio of First Republic Bank is 12.87%. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, First Republic Bank will have a dividend payout ratio of 14.98% next year. This indicates that First Republic Bank will be able to sustain or increase its dividend.

3.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
First Republic Bank has received a 35.11% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Pension funding services", "Mortgages", "Commercial deposit accounts", and "Consumer savings accounts" products. See details.
Environmental Sustainability
The Environmental Impact score for First Republic Bank is -0.39.

0.8

News and Social Media Coverage

News Sentiment
First Republic Bank has a news sentiment score of -0.59. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.65 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for First Republic Bank this week, compared to 4 articles on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, First Republic Bank insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.70% of the stock of First Republic Bank is held by insiders.
Percentage Held by Institutions
95.17% of the stock of First Republic Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for First Republic Bank are expected to decrease by -11.97% in the coming year, from $8.19 to $7.21 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First Republic Bank is 15.21, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.88.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Republic Bank is 15.21, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 175.04.
Price to Earnings Growth Ratio
First Republic Bank has a PEG Ratio of 5.64. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
First Republic Bank has a P/B Ratio of 1.70. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About First Republic Bank (NYSE:FRC) Stock

First Republic Bank was founded by Jim Herbert with the intention of providing exceptional levels of customer service. It was his belief that customer service would set the bank apart and create a profitable investment for its shareholders. After 35 years, his vision has proven true with a 25% CAGR that continues to this day. The initial enterprise value has grown from only $8.8 million in that time, to over $19 billion making it the 14th largest bank in the US. First Republic Bank was founded in 1985 and is headquartered in San Francisco, California.

First Republic Bank with its subsidiaries operates in two segments and provides personal banking, business banking, and wealth management services to individuals, families, organizations, and small businesses in the United States. The company’s services are available in-person at one of the more than 80 offices or via ATM, online, mobile, and debit cards.

The company offers deposit products including checking and saving accounts, money market, and CDs as well as a range of lending products. The full range of lending products includes but is not limited to residential mortgages, home equity lines of credit, commercial real estate and construction loans, and personal and business loans.

The company’s wealth management services include advisory services, online investment management, trusts, estate planning, and alternative investments as well as insurance and foreign exchange. The online brokerage service is available to all clients and can be accessed at any time via a web browser or mobile device.

First Republic Bank operates a network of more than 80 deposit-taking branches and 12 wealth management offices. The network is located primarily in California with additional branches in major metropolitan areas and two destination locations that include Portland, Boston, Palm Beach, Greenwich, New York, and Jackson, Wyoming.

First Republic Bank has proven its worth over the year by maintaining a consistently strong capital level, asset quality, and liquidity position. Its prudent management has allowed it to weather market ups and downs while commanding investment grade ratings for its bonds and preferred stock.

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FRC Stock News Headlines

November 29, 2022 | americanbankingnews.com

First Republic Bank (NYSE:FRC) Receives $151.32 Average Target Price from Analysts

November 3, 2022 | finance.yahoo.com

Republic Bank to open new store in Broomall, PA

October 21, 2022 | msn.com

First Republic Bank: Dividend Insights

October 18, 2022 | finance.yahoo.com

Wealth Manager Michael Brodnik Joins First Republic in Florida

October 17, 2022 | seekingalpha.com

First Republic Bank upgraded to Strong Buy at RayJay as stock drop overdone

October 14, 2022 | seekingalpha.com

First Republic Bank (FRC) Q3 2022 Earnings Call Transcript

October 14, 2022 | barrons.com

First Republic Stock Is Having a Bad Day. Its Year Is Even Worse.

October 14, 2022 | nasdaq.com

First Republic (FRC) Q3 Earnings Beat Estimates, Revenues Lag

October 14, 2022 | markets.businessinsider.com

First Republic Down 10% Respite Upbeat Quarterly Results

October 14, 2022 | msn.com

$1000 Invested In First Republic Bank 15 Years Ago Would Be Worth This Much Today

October 14, 2022 | seekingalpha.com

First Republic Bank down despite strong Q3 results as funding costs hit margins

October 14, 2022 | finance.yahoo.com

First Republic Reports Third Quarter 2022 Results

October 13, 2022 | msn.com

First Republic Bank's Earnings Outlook

October 10, 2022 | finance.yahoo.com

Key Factors Influencing First Republic's (FRC) Q3 Earnings

October 5, 2022 | finance.yahoo.com

Republic First Bancorp, Inc. Receives Anticipated Nasdaq Notice of Delisting; Plans to Appeal Determination

September 30, 2022 | finance.yahoo.com

First Republic Bank Announces Third Quarter 2022 Earnings and Conference Call Date

September 29, 2022 | finance.yahoo.com

Is First Republic Bank (FRC) a Smart Investment Choice?

September 27, 2022 | seekingalpha.com

FRC.PK First Republic Bank 4.125 DEP PFD K

September 27, 2022 | cnbc.com

Two-Minute Drill: FRC

September 27, 2022 | seekingalpha.com

Tracking David Rolfe's Wedgewood Partners Portfolio - Q2 2022 Update

September 18, 2022 | nasdaq.com

First Week of FRC May 2023 Options Trading

September 12, 2022 | nasdaq.com

First Republic Bank To Present At Barclays Conference; Webcast At 12;00 PM ET

September 7, 2022 | nasdaq.com

First Republic Bank is Now Oversold (FRC)

September 3, 2022 | seekingalpha.com

RiverPark Advisors - First Republic Bank: Compounding Revenues At +18%

September 2, 2022 | finance.yahoo.com

First Republic Bank Declares Dividends on Two Series of Perpetual Preferred Stock for Third Quarter 2022

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30 days | 90 days | 365 days | Advanced Chart

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FRC Company Calendar

Last Earnings: 10/14/2022
Ex-Dividend for 11/10 Dividend: 10/26/2022
Dividend Payable: 11/10/2022
Today: 11/30/2022
Fiscal Year End: 12/31/2022
Next Earnings (Estimated): 1/13/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Commercial banks, not elsewhere classified
Sub-Industry: Regional Banks
Sector: Finance
Current Symbol: NYSE:FRC
CUSIP: 33616C10
CIK: 1132979
Web: www.firstrepublic.com
Phone: (415) 392-1400
Fax: 415-392-1413
Employees: 6,295
Year Founded: 1985

Price Target and Rating

Average Stock Price Forecast: $151.32
High Stock Price Forecast: $200.00
Low Stock Price Forecast: $100.00
Forecasted Upside/Downside: +18.6%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 16 Analysts

Profitability

EPS (Most Recent Fiscal Year): $8.39
Trailing P/E Ratio: 15.21
Forward P/E Ratio: 15.58
P/E Growth: 5.64
Net Income: $1.48 billion
Net Margins: 27.06%
Pretax Margin: 34.34%
Return on Equity: 13.15%
Return on Assets: 0.87%

Debt

Debt-to-Equity Ratio: 0.53
Current Ratio: 0.92
Quick Ratio: 0.91

Sales & Book Value

Annual Sales: $5.31 billion
Price / Sales: 4.32
Cash Flow: $9.98 per share
Price / Cash Flow: 12.79
Book Value: $75.07 per share
Price / Book: 1.70

Miscellaneous

Outstanding Shares: 179,647,000
Free Float: 178,389,000
Market Cap: $22.92 billion
Optionable: Optionable
Beta: 1.07

Social Links

Key Executives

Mr. Michael J. Roffler (Age 51)
Pres, CEO & Director
Comp: $1.65M

Mr. David B. Lichtman (Age 59)
Sr. EVP & Chief Credit Officer
Comp: $2.27M

Mr. Robert Lee Thornton (Age 64)
Exec. VP & Pres of First Republic Private Wealth Management
Comp: $2.23M

Mr. Michael D. Selfridge (Age 55)
Sr. EVP & Chief Banking Officer
Comp: $2.09M

Mr. Neal Holland C.F.A.
CPA, Exec. VP & CFO

Ms. Susie Cranston
Exec. VP & COO

Ms. Olga Tsokova (Age 49)
Exec. VP, Chief Accounting Officer & Deputy CFO

Mr. Michael Ioanilli
VP & Director of Investor Relations

Mr. Edward Joseph Dobranski (Age 72)
Exec. VP, Gen. Counsel & Sec.

Ms. Mollie M. Richardson (Age 43)
Exec. VP & Chief People Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

FRC Stock - Frequently Asked Questions

Should I buy or sell First Republic Bank stock right now?: 16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Republic Bank in the last twelve months. There are currently 1 sell rating, 7 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" FRC shares.
View FRC analyst ratings or view top-rated stocks.
What is First Republic Bank's stock price forecast for 2023?: 16 analysts have issued 1 year target prices for First Republic Bank's shares. Their FRC share price forecasts range from $100.00 to $200.00. On average, they predict the company's stock price to reach $151.32 in the next twelve months. This suggests a possible upside of 18.9% from the stock's current price.
View analysts price targets for FRC or view top-rated stocks among Wall Street analysts.
How have FRC shares performed in 2022?: First Republic Bank's stock was trading at $206.51 on January 1st, 2022. Since then, FRC shares have decreased by 38.4% and is now trading at $127.26.
View the best growth stocks for 2022 here.
Are investors shorting First Republic Bank?: First Republic Bank saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 3,080,000 shares, an increase of 78.0% from the October 31st total of 1,730,000 shares. Based on an average trading volume of 1,480,000 shares, the days-to-cover ratio is presently 2.1 days.
View First Republic Bank's Short Interest.
When is First Republic Bank's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Friday, January 13th 2023.
View our FRC earnings forecast.
How were First Republic Bank's earnings last quarter?: First Republic Bank (NYSE:FRC) issued its quarterly earnings data on Friday, October, 14th. The bank reported $2.21 earnings per share for the quarter, beating analysts' consensus estimates of $2.18 by $0.03. First Republic Bank had a net margin of 27.06% and a trailing twelve-month return on equity of 13.15%. During the same period last year, the firm earned $1.91 EPS.
Read the conference call transcript.
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 Friday, October 14th. Stockholders of record on Thursday, October 27th will be given a dividend of $0.27 per share on Thursday, November 10th. This represents a $1.08 annualized dividend and a yield of 0.85%. The ex-dividend date is Wednesday, October 26th.
Read our dividend analysis for FRC.
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 0.90%. 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 12.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FRC will have a dividend payout ratio of 14.98% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FRC.

What is James H. Herbert II's approval rating as First Republic Bank's CEO?: 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.
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."
Who are First Republic Bank's major shareholders?: First Republic Bank's stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.23%), BlackRock Inc. (7.04%), State Street Corp (5.31%), Alecta Tjanstepension Omsesidigt (3.68%), Royal Bank of Canada (3.15%) and Baillie Gifford & Co. (1.50%).
How do I buy shares of First Republic Bank?: 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.
Compare Top Brokerages Here.
What is First Republic Bank's stock price today?: One share of FRC stock can currently be purchased for approximately $127.26.
How much money does First Republic Bank make?: First Republic Bank (NYSE:FRC) has a market capitalization of $22.86 billion and generates $5.31 billion in revenue each year. The bank earns $1.48 billion in net income (profit) each year or $8.39 on an earnings per share basis.
How many employees does First Republic Bank have?: The company employs 6,295 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 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.

This page (NYSE:FRC) was last updated on 11/30/2022 by MarketBeat.com Staff

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