First Republic Bank is a commercial bank and trust company. The Bank specializes in providing services, including private banking, private business banking, real estate lending and wealth management services, including trust and custody services, to clients in selected metropolitan areas in the United States. It operates through two segments: Commercial Banking and Wealth Management. The Commercial Banking segment is engaged in attracting funds from the public; originating loans, primarily real estate secured mortgage loans, and investing in investment securities. The Wealth Management segment consists of First Republic Investment Management, Inc.; its money market mutual fund activities through third-party providers and the brokerage activities of First Republic Securities Company, LLC; First Republic Trust Company and First Republic Trust Company of Delaware LLC (the Trust Company), and its foreign exchange activities. It offers a range of internally managed investment services.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Commercial Banks
- Sub-Industry: Regional Banks
- Symbol: NYSE:FRC
- CUSIP: 33616C10
- Web: www.firstrepublic.com
- Market Cap: $15.40143 billion
- Outstanding Shares: 157,686,000
- 50 Day Moving Avg: $99.96
- 200 Day Moving Avg: $95.02
- 52 Week Range: $70.21 - $104.17
Sales & Book Value:
- Trailing P/E Ratio: 24.35
- Foreward P/E Ratio: 18.73
- P/E Growth: 1.43
- Annual Revenue: $2.34 billion
- Price / Sales: 6.73
- Book Value: $39.76 per share
- Price / Book: 2.51
- Annual Dividend: $0.68
- Dividend Yield: 0.7%
- Net Margins: 27.37%
- Return on Equity: 12.16%
- Return on Assets: 0.96%
- Debt-to-Equity Ratio: 1.47%
- Current Ratio: 0.94%
- Quick Ratio: 0.94%
- Average Volume: 848,487 shs.
- Beta: 0.99
- Short Ratio: 4.66
Frequently Asked Questions for FIRST REPUBLIC BANK (NYSE:FRC)
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, July 14th. Investors of record on Thursday, July 27th will be paid a dividend of $0.17 per share on Thursday, August 10th. This represents a $0.68 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date is Tuesday, July 25th. View FIRST REPUBLIC BANK's Dividend History.
How were FIRST REPUBLIC BANK's earnings last quarter?
FIRST REPUBLIC BANK (NYSE:FRC) announced its quarterly earnings results on Friday, July, 14th. The company reported $1.06 EPS for the quarter, missing analysts' consensus estimates of $1.09 by $0.03. The company had revenue of $641.30 million for the quarter, compared to the consensus estimate of $671.27 million. FIRST REPUBLIC BANK had a return on equity of 12.16% and a net margin of 27.37%. The business's revenue was up 19.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.97 EPS. View FIRST REPUBLIC BANK's Earnings History.
When will FIRST REPUBLIC BANK make its next earnings announcement?
Where is FIRST REPUBLIC BANK's stock going? Where will FIRST REPUBLIC BANK's stock price be in 2017?
13 analysts have issued twelve-month price targets for FIRST REPUBLIC BANK's stock. Their forecasts range from $90.00 to $121.00. On average, they anticipate FIRST REPUBLIC BANK's share price to reach $104.50 in the next year. View Analyst Ratings for FIRST REPUBLIC BANK.
Are investors shorting FIRST REPUBLIC BANK?
FIRST REPUBLIC BANK saw a increase in short interest during the month of June. As of June 15th, there was short interest totalling 4,057,174 shares, an increase of 39.7% from the May 31st total of 2,904,125 shares. Based on an average daily volume of 1,034,035 shares, the days-to-cover ratio is currently 3.9 days.
Who are some of FIRST REPUBLIC BANK's key competitors?
Some companies that are related to FIRST REPUBLIC BANK include Fifth Third Bancorp (FITB), Citizens Financial Group (CFG), Zions Bancorporation (ZION), Grupo Financiero Santander Mexico S.A. B. de C.V. (BSMX), BOK Financial Corporation (BOKF), Western Alliance Bancorporation (WAL), Prosperity Bancshares (PB), F.N.B. Corporation (FNB), First Hawaiian (FHB), IBERIABANK Corporation (IBKC), Texas Capital Bancshares (TCBI), Hancock Holding Company (HBHC), UMB Financial Corporation (UMBF), Associated Banc-Corp (ASB), Home BancShares (HOMB), Bank of Hawaii Corporation (BOH), Chemical Financial Corporation (CHFC) and MB Financial (MBFI).
Who are FIRST REPUBLIC BANK's key executives?
FIRST REPUBLIC BANK's management team includes the folowing people:
- James H. Herbert II, Chairman of the Board, Chief Executive Officer
- Katherine August-deWilde, Vice Chairman of the Board
- Michael J. Roffler, Chief Financial Officer, Executive Vice President
- Michael J. Harrington, Chairman of First Republic Trust Company
- Kelly Johnston, President - First Republic Trust Company
- David Tateosian, President - First Republic Securities Company
- Jason C. Bender, Chief Operating Officer, Executive Vice President
- Mollie M. Richardson, Executive Vice President, Chief Administrative Officer and Chief People Officer
- Hafize Gaye Erkan, Executive Vice President and Chief Deposit Officer and Chief Investment Officer
- Dale A. Smith, Executive Vice President, Chief Information Officer
Who owns FIRST REPUBLIC BANK stock?
FIRST REPUBLIC BANK's stock is owned by a number of of retail and institutional investors. Top institutional investors include KAMES CAPITAL plc (0.62%), Handelsbanken Fonder AB (0.48%), Bank of Montreal Can (0.31%), Marathon Asset Management LLP (0.28%), GW&K Investment Management LLC (0.26%) and Douglas Lane & Associates LLC (0.25%). View Institutional Ownership Trends for FIRST REPUBLIC BANK.
Who sold FIRST REPUBLIC BANK stock? Who is selling FIRST REPUBLIC BANK stock?
FIRST REPUBLIC BANK's stock was sold by a variety of institutional investors in the last quarter, including Handelsinvest Investeringsforvaltning, Barometer Capital Management Inc., Rothschild Capital Partners LLC, Fisher Asset Management LLC, GW&K Investment Management LLC, US Bancorp DE, Bank of Montreal Can and Cobiz Wealth LLC. View Insider Buying and Selling for FIRST REPUBLIC BANK.
Who bought FIRST REPUBLIC BANK stock? Who is buying FIRST REPUBLIC BANK stock?
FIRST REPUBLIC BANK's stock was bought by a variety of institutional investors in the last quarter, including Marathon Asset Management LLP, Handelsbanken Fonder AB, Douglas Lane & Associates LLC, Mn Services Vermogensbeheer B.V., National Pension Service, Aperio Group LLC, NN Investment Partners Holdings N.V. and Main Street Research LLC. View Insider Buying and Selling for FIRST REPUBLIC BANK.
How do I buy FIRST REPUBLIC BANK stock?
Shares of FIRST REPUBLIC BANK can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is FIRST REPUBLIC BANK's stock price today?
MarketBeat Community Rating for FIRST REPUBLIC BANK (NYSE FRC)MarketBeat's community ratings are surveys of what our community members think about FIRST REPUBLIC BANK and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of FIRST REPUBLIC BANK stock can currently be purchased for approximately $99.82.
Consensus Ratings for FIRST REPUBLIC BANK (NYSE:FRC) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||8 Hold Ratings, 5 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.38)|
|Consensus Price Target: ||$104.50 (4.69% upside)|
Analysts' Ratings History for FIRST REPUBLIC BANK (NYSE:FRC)
(Data available from 7/24/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|7/16/2017||BMO Capital Markets||Reiterated Rating||Hold||$96.00||Low|
|7/14/2017||Piper Jaffray Companies||Reiterated Rating||Hold||$99.00||Low|
|7/14/2017||Jefferies Group LLC||Reiterated Rating||Buy||$109.00||Low|
|7/14/2017||Maxim Group||Reiterated Rating||Buy -> Buy||$105.00 -> $110.00||Low|
|7/12/2017||Barclays PLC||Reiterated Rating||Equal Weight||$101.00 -> $110.00||Low|
|7/7/2017||Royal Bank Of Canada||Reiterated Rating||Hold||$98.00||Low|
|7/6/2017||Morgan Stanley||Reiterated Rating||Equal Weight||$102.00 -> $104.00||Medium|
|5/26/2017||Keefe, Bruyette & Woods||Set Price Target||Hold||$90.00||N/A|
|4/18/2017||Deutsche Bank AG||Boost Price Target||Hold||$98.00 -> $101.00||Low|
|2/2/2017||JMP Securities||Initiated Coverage||Outperform||$111.00||N/A|
|1/17/2017||FBR & Co||Boost Price Target||Outperform||$100.00 -> $105.00||N/A|
|1/9/2017||Wells Fargo & Company||Downgrade||Outperform -> Market Perform||N/A|
|7/17/2016||J P Morgan Chase & Co||Reiterated Rating||Buy||N/A|
|5/8/2016||Canaccord Genuity||Reiterated Rating||Buy||N/A|
|2/22/2016||HSBC Holdings plc||Upgrade||Hold -> Buy||N/A|
|11/11/2015||Raymond James Financial, Inc.||Upgrade||Market Perform -> Outperform||$75.00||N/A|
Earnings History for FIRST REPUBLIC BANK (NYSE:FRC)Earnings History by Quarter for FIRST REPUBLIC BANK (NYSE FRC)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/14/2017||Q2 2017||$1.09||$1.06||$671.27 million||$641.30 million||View||N/A|
|4/13/2017||Q1 2017||$1.01||$1.01||$626.14 million||$601.14 million||View||N/A|
|1/13/2017||Q416||$1.01||$1.03||$623.91 million||$599.50 million||View||Listen|
|10/13/2016||Q316||$0.99||$1.00||$592.65 million||$557.90 million||View||Listen|
|7/14/2016||Q216||$0.91||$0.97||$568.53 million||$535.10 million||View||Listen|
|4/14/2016||Q116||$0.80||$0.88||$542.20 million||$519.60 million||View||Listen|
|1/14/2016||Q415||$0.80||$0.82||$514.20 million||$484.90 million||View||Listen|
|10/15/2015||Q315||$0.81||$0.82||$489.22 million||$468.60 million||View||Listen|
|7/16/2015||Q215||$0.78||$0.80||$450.72 million||$455.30 million||View||Listen|
|4/16/2015||Q115||$0.69||$0.71||$433.70 million||$422.90 million||View||Listen|
|1/15/2015||Q4||$0.72||$0.72||$427.98 million||$416.69 million||View||Listen|
|10/16/2014||Q314||$0.79||$0.81||$433.70 million||$440.60 million||View||Listen|
|7/16/2014||Q214||$0.76||$0.76||$410.56 million||$388.80 million||View||N/A|
|1/16/2014||Q413||$0.75||$0.66||$326.24 million||$371.00 million||View||Listen|
|10/15/2013||Q313||$0.76||$0.75||$319.20 million||$361.80 million||View||Listen|
|7/17/2013||Q2 2013||$0.74||$0.77||$307.01 million||View||Listen|
|4/15/2013||Q1 2013||$0.73||$0.72||$316.45 million||View||Listen|
|1/16/2013||Q4 2012||$0.73||$0.77||$308.21 million||$357.90 million||View||Listen|
Earnings Estimates for FIRST REPUBLIC BANK (NYSE:FRC)
2017 EPS Consensus Estimate: $4.50
2018 EPS Consensus Estimate: $5.45
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for FIRST REPUBLIC BANK (NYSE:FRC)
|Dividend Growth:||20.50% (3 Year Average)|
|Payout Ratio:||16.59% (Trailing 12 Months of Earnings) |
15.18% (Based on This Year's Estimates)
12.76% (Based on Next Year's Estimates)
|Track Record:||4 Years of Consecutive Dividend Growth|
Dividend History by Quarter for FIRST REPUBLIC BANK (NYSE FRC)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading History for FIRST REPUBLIC BANK (NYSE:FRC)
No insider trades for this company have been tracked by MarketBeat.com
Headline Trends for FIRST REPUBLIC BANK (NYSE:FRC)
Latest Headlines for FIRST REPUBLIC BANK (NYSE:FRC)
|Zacks: Analysts Expect FIRST REPUBLIC BANK (FRC) Will Post Quarterly Sales of $687.58 Million|
www.americanbankingnews.com - July 21 at 2:05 PM
|FY2017 EPS Estimates for First Republic Bank Raised by Analyst (FRC)|
www.americanbankingnews.com - July 20 at 10:34 AM
|FY2018 Earnings Forecast for FIRST REPUBLIC BANK (FRC) Issued By Jefferies Group|
www.americanbankingnews.com - July 19 at 1:56 PM
|Analyst Actions: BMO Capital Trims First Republic Bank PT to $96 Following Q2 EPS Miss, Keeps Market Perform - Nasdaq|
www.nasdaq.com - July 17 at 7:40 PM
|First Republic (FRC) Misses Q2 Earnings on Higher Expenses - Nasdaq|
www.nasdaq.com - July 17 at 7:40 PM
|Edited Transcript of FRC earnings conference call or presentation 14-Jul-17 2:00pm GMT|
finance.yahoo.com - July 17 at 11:52 AM
|First Republic (FRC) Misses Q2 Earnings on Higher Expenses|
finance.yahoo.com - July 17 at 11:52 AM
|FIRST REPUBLIC BANK (FRC) Announces $0.17 Quarterly Dividend|
www.americanbankingnews.com - July 17 at 10:32 AM
|First Republic Bank (FRC) Downgraded by BidaskClub to Hold|
www.americanbankingnews.com - July 16 at 2:20 PM
|FIRST REPUBLIC BANK (NYSE:FRC) Stock Rating Reaffirmed by BMO Capital Markets|
www.americanbankingnews.com - July 16 at 7:32 AM
|First Republic Bank (FRC) Receives "Buy" Rating from Maxim Group|
www.americanbankingnews.com - July 15 at 8:28 PM
|FIRST REPUBLIC BANK's (FRC) "Hold" Rating Reaffirmed at Piper Jaffray Companies|
www.americanbankingnews.com - July 15 at 8:50 AM
|First Republic Bank's (NYSE:FRC) "Buy" Rating Reiterated at Jefferies Group LLC|
www.americanbankingnews.com - July 14 at 9:45 PM
|First Republic Bank Reports 17% Increase In Q2 Earnings|
www.nasdaq.com - July 14 at 7:45 PM
|First Republic Bank misses Street 2Q forecasts|
www.cnbc.com - July 14 at 7:45 PM
|First Republic Bank's (FRC) CEO Jim Herbert on Q2 2017 Results - Earnings Call Transcript|
seekingalpha.com - July 14 at 7:45 PM
|First Republic Reports Strong Second Quarter 2017 Results|
finance.yahoo.com - July 14 at 7:45 PM
|Investor Network: First Republic Bank to Host Earnings Call|
finance.yahoo.com - July 14 at 7:45 PM
|FIRST REPUBLIC BANK (NYSE:FRC) Issues Earnings Results, Misses Expectations By $0.03 EPS|
www.americanbankingnews.com - July 14 at 1:25 PM
|FIRST REPUBLIC BANK (NYSE:FRC) Forecasted to Post Q3 2017 Earnings of $1.14 Per Share|
www.americanbankingnews.com - July 14 at 12:33 PM
|First Republic Bank (FRC) Set to Announce Quarterly Earnings on Friday|
www.americanbankingnews.com - July 13 at 8:35 PM
|What You Should Know About Tomorrow's Bank Earnings Deluge - Benzinga|
www.benzinga.com - July 13 at 8:12 PM
|Pre-Market Earnings Report for July 14, 2017 : JPM, WFC, C, PNC, FRC, INFY, FHN - Nasdaq|
www.nasdaq.com - July 13 at 8:12 PM
|First Republic Bank (FRC) Receives Equal Weight Rating from Barclays PLC|
www.americanbankingnews.com - July 12 at 9:26 AM
|First Republic Bank (FRC): Raising PT To $110 - Barclays - StreetInsider.com|
www.streetinsider.com - July 11 at 7:55 PM
|Royal Bank Of Canada Reiterates Hold Rating for First Republic Bank (NYSE:FRC)|
www.americanbankingnews.com - July 7 at 9:28 PM
|Brokers Issue Forecasts for FIRST REPUBLIC BANK's Q2 2017 Earnings (NYSE:FRC)|
www.americanbankingnews.com - July 7 at 8:54 AM
|First Republic Bank's 5.70% Noncumulative Perpetual Series F Preferred Stock Yield Pushes Past 5.5%|
www.nasdaq.com - July 6 at 8:08 PM
|Moody's assigns provisional ratings to Prime RMBS issued by Sequoia Mortgage Trust 2017-5|
finance.yahoo.com - July 6 at 8:08 PM
|First Republic Bank (FRC) Earns Equal Weight Rating from Morgan Stanley|
www.americanbankingnews.com - July 6 at 4:40 PM
|Two Senior Wealth Managers From Merrill Lynch Join First Republic|
finance.yahoo.com - July 5 at 7:30 PM
|FIRST REPUBLIC BANK (FRC) Short Interest Up 39.7% in June|
www.americanbankingnews.com - July 3 at 7:22 AM
|18 More Companies Offering Gradifi’s Student Loan Repayment Benefit|
finance.yahoo.com - July 1 at 6:18 PM
|First Republic Bank (FRC) Lifted to "Buy" at BidaskClub|
www.americanbankingnews.com - July 1 at 5:38 PM
|Big US banks pack results into one day, overwhelming analysts - Nasdaq|
www.nasdaq.com - June 30 at 7:08 PM
|First Republic Bank (FRC) Given Consensus Recommendation of "Hold" by Brokerages|
www.americanbankingnews.com - June 30 at 11:04 AM
|First Republic Bank (FRC) Forecasted to Earn Q2 2017 Earnings of $1.10 Per Share|
www.americanbankingnews.com - June 30 at 8:06 AM
|Sequoia Mortgage Trust 2017-4 -- Moody's assigns definitive ratings to Prime RMBS issued by Sequoia Mortgage Trust 2017-4|
finance.yahoo.com - June 29 at 10:09 PM
|First Republic Bank Announces Second Quarter 2017 Earnings and Conference Call Date|
finance.yahoo.com - June 28 at 6:27 PM
|First Republic Bank (FRC) Receives "Outperform" Rating from Wedbush|
www.americanbankingnews.com - June 27 at 5:18 PM
|First Republic (FRC) Poised for Growth: Should You Hold? - Nasdaq|
www.nasdaq.com - June 26 at 6:37 PM
|First Republic (FRC) Poised for Growth: Should You Hold?|
finance.yahoo.com - June 26 at 6:37 PM
|Zacks Investment Research Upgrades FIRST REPUBLIC BANK (FRC) to Hold|
www.americanbankingnews.com - June 25 at 3:38 PM
| Brokerages Expect FIRST REPUBLIC BANK (FRC) Will Post Quarterly Sales of $655.82 Million|
www.americanbankingnews.com - June 25 at 8:34 AM
|Two Senior Wealth Managers From UBS Join First Republic - Business Wire (press release)|
www.businesswire.com - June 23 at 11:03 PM
|Two Senior Wealth Managers From UBS Join First Republic|
finance.yahoo.com - June 23 at 5:59 PM
|$1.09 Earnings Per Share Expected for First Republic Bank (FRC) This Quarter|
www.americanbankingnews.com - June 23 at 4:52 PM
|First Republic Bank Releases Results of 2017 Dodd-Frank Act Company-Run Capital Stress Test - Business Wire (press release)|
www.businesswire.com - June 22 at 5:58 PM
|First Republic Bank Releases Results of 2017 Dodd-Frank Act Company-Run Capital Stress Test|
finance.yahoo.com - June 22 at 5:58 PM
|First Republic Bank's Series E Preferred Stock Crosses Above 6.5% Yield Territory|
www.nasdaq.com - June 15 at 7:27 PM
FIRST REPUBLIC BANK (FRC) Chart for Monday, July, 24, 2017