NYSE:FRC - First Republic Bank Stock Price, News, & Analysis

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$85.40 -1.94 (-2.22 %)
(As of 12/19/2018 06:27 AM ET)
Previous Close$87.34
Today's Range$85.3005 - $87.96
52-Week Range$84.47 - $106.75
Volume1.21 million shs
Average Volume1.25 million shs
Market Capitalization$13.78 billion
P/E Ratio19.81
Dividend Yield0.82%
Beta0.82
First 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.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Commercial banks, not elsewhere classified
Sub-IndustryRegional Banks
SectorFinance
Current SymbolNYSE:FRC
Previous Symbol
CUSIP33616C10
Phone415-392-1400

Debt

Debt-to-Equity Ratio1.50
Current Ratio1.00
Quick Ratio1.00

Price-To-Earnings

Trailing P/E Ratio19.81
Forward P/E Ratio17.98
P/E Growth1.51

Sales & Book Value

Annual Sales$2.91 billion
Price / Sales4.63
Cash Flow$5.2651 per share
Price / Cash Flow16.22
Book Value$43.28 per share
Price / Book1.97

Profitability

EPS (Most Recent Fiscal Year)$4.31
Net Income$757.66 million
Net Margins24.05%
Return on Equity11.47%
Return on Assets0.89%

Miscellaneous

Employees4,025
Outstanding Shares157,760,000
Market Cap$13.78 billion
OptionableOptionable

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 Friday, October 12th. Shareholders of record on Thursday, October 25th will be paid a dividend of $0.18 per share on Thursday, November 8th. This represents a $0.72 annualized dividend and a dividend yield of 0.84%. The ex-dividend date is Wednesday, October 24th. View First Republic Bank's Dividend History.

How were First Republic Bank's earnings last quarter?

First Republic Bank (NYSE:FRC) announced its earnings results on Friday, October, 12th. The bank reported $1.19 EPS for the quarter, missing the Thomson Reuters' consensus estimate of $1.20 by $0.01. The bank earned $768.83 million during the quarter, compared to the consensus estimate of $765.80 million. First Republic Bank had a return on equity of 11.47% and a net margin of 24.05%. During the same quarter last year, the company earned $1.14 EPS. 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 Tuesday, January 15th 2019. View Earnings Estimates for First Republic Bank.

What price target have analysts set for FRC?

14 equities research analysts have issued 12 month price objectives for First Republic Bank's stock. Their forecasts range from $94.00 to $120.00. On average, they anticipate First Republic Bank's share price to reach $101.6154 in the next twelve months. This suggests a possible upside of 19.0% from the stock's current price. View Analyst Price Targets for First Republic Bank.

What is the consensus analysts' recommendation for First Republic Bank?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Republic Bank in the last year. There are currently 9 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Hold." 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)

Has First Republic Bank been receiving favorable news coverage?

Media coverage about FRC stock has trended neutral recently, according to InfoTrie. The research firm ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. First Republic Bank earned a news impact score of 0.5 on InfoTrie's scale. They also assigned media coverage about the bank a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future.

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)

Who are First Republic Bank's major shareholders?

First Republic Bank's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc (8.71%), BlackRock Inc. (7.66%), Capital Research Global Investors (4.46%), JPMorgan Chase & Co. (4.12%), Baillie Gifford & Co. (3.94%) and Capital International Investors (3.05%).

Which major investors are selling First Republic Bank stock?

FRC stock was sold by a variety of institutional investors in the last quarter, including Capital World Investors, The Manufacturers Life Insurance Company, Standard Life Aberdeen plc, Eaton Vance Management, FMR LLC, Ceredex Value Advisors LLC, Mitsubishi UFJ Trust & Banking Corp and Diamond Hill Capital Management Inc..

Which major investors are buying First Republic Bank stock?

FRC stock was bought by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Capital International Investors, Select Equity Group L.P., BlackRock Inc., WCM Investment Management CA, Canada Pension Plan Investment Board, Sarasin & Partners LLP and Pictet Asset Management Ltd..

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 $85.40.

How big of a company is First Republic Bank?

First Republic Bank has a market capitalization of $13.78 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.

What is First Republic Bank's official website?

The official website for First Republic Bank is http://www.firstrepublic.com.

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 (NYSE FRC)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  422 (Vote Outperform)
Underperform Votes:  492 (Vote Underperform)
Total Votes:  914
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 12/19/2018 by MarketBeat.com Staff

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