NYSE:FRCFirst Republic Bank Stock Price, Forecast & News

$109.34

+0.54 (+0.50 %)

(As of 06/2/2020 04:00 PM ET)

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Today's Range

$107.95

Now: $109.34▼

$111.28

50-Day Range

$93.41

MA: $100.68▼

$111.77

52-Week Range

$70.06

Now: $109.34▼

$122.34

Volume711,814 shs

Average Volume1.38 million shs

Market Capitalization$18.74 billion

P/E Ratio21.27

Dividend Yield0.74%

Beta1.17

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 in 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, passbook deposits, and individual retirement accounts, 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, 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, online investment management services, 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; and treasury management services. Additionally, the company offers online and mobile banking services; student loan refinancing services; and ATM and debit cards. As of December 31, 2018, the company offered its services through 82 offices, including 75 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; New York, New York; Jackson; and Wyoming, as well as 7 offices that provided lending, wealth management, and trust services. First Republic Bank was founded in 1985 and is headquartered in San Francisco, California.

Beat the Market (BTM) Rank^™

2.2 Analyst's Opinion

Consensus Rating
First Republic Bank has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 7 buy ratings, 10 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $106.88, First Republic Bank has a potential downside of 2.3% from its current price of $109.34.
Amount of Analyst Coverage
First Republic Bank has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.4 Community Rank

Outperform Votes
First Republic Bank has received 531 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
First Republic Bank has received 592 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
First Republic Bank has received 52.72% “underperform” votes from our community.

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.

4.2 Dividend Strength

Dividend Leadership
First Republic Bank is a leading dividend payer. It pays a dividend yield of 0.74%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
First Republic Bank has been increasing its dividend for 7 years.
Dividend Coverage
The dividend payout ratio of First Republic Bank is 15.38 %. 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 15.18 % next year. This indicates that First Republic Bank will be able to sustain or increase its dividend.

1.0 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 Institutions
97.91% 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.

0.6 Earnings and Valuation

Earnings Growth
Earnings for First Republic Bank are expected to grow by 7.77% in the coming year, from $4.89 to $5.27 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of First Republic Bank is 21.27, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 15.72.
Price to Earnings Ratio vs. Sector
The P/E ratio of First Republic Bank is 21.27, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 19.01.
Price to Earnings Growth Ratio
First Republic Bank has a PEG Ratio of 2.98. 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 2.12. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.07 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Commercial banks, not elsewhere classified

Sub-IndustryRegional Banks

SectorFinance

Current SymbolNYSE:FRC

Previous Symbol

CUSIP33616C10

CIK1132979

Webwww.firstrepublic.com

Phone415-392-1400

Debt

Debt-to-Equity Ratio1.96

Current Ratio1.06

Quick Ratio1.05

Price-To-Earnings

Trailing P/E Ratio21.27

Forward P/E Ratio22.36

P/E Growth2.98

Sales & Book Value

Annual Sales$4.16 billion

Price / Sales4.51

Cash Flow$6.41 per share

Price / Cash Flow17.06

Book Value$51.68 per share

Price / Book2.12

Profitability

EPS (Most Recent Fiscal Year)$5.20

Net Income$930.33 million

Net Margins21.46%

Return on Equity10.64%

Return on Assets0.81%

Miscellaneous

Employees4,812

Outstanding Shares171,395,000

Market Cap$18.74 billion

Next Earnings Date7/21/2020 (Estimated)

OptionableOptionable

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First Republic Bank (NYSE:FRC) Frequently Asked Questions

How has First Republic Bank's stock been impacted by COVID-19 (Coronavirus)?

First Republic Bank's stock was trading at $89.22 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, FRC stock has increased by 22.6% and is now trading at $109.34. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of First Republic Bank?

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Republic Bank in the last year. There are currently 1 sell rating, 10 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for First Republic Bank.

When is First Republic Bank's next earnings date?

First Republic Bank is scheduled to release its next quarterly earnings announcement on Tuesday, July 21st 2020. View our earnings forecast for First Republic Bank.

How were First Republic Bank's earnings last quarter?

First Republic Bank (NYSE:FRC) announced its earnings results on Tuesday, April, 14th. The bank reported $1.20 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $1.16 by $0.04. The bank earned $916.20 million during the quarter, compared to analysts' expectations of $882.80 million. First Republic Bank had a net margin of 21.46% and a return on equity of 10.64%. The company's revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.26 earnings per share. View First Republic Bank's earnings history.

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 Tuesday, April 14th. Stockholders of record on Thursday, April 30th will be paid a dividend of $0.20 per share on Thursday, May 14th. This represents a $0.80 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date is Wednesday, April 29th. This is a positive change from First Republic Bank's previous quarterly dividend of $0.19. View First Republic Bank's dividend history.

What price target have analysts set for FRC?

18 brokerages have issued twelve-month target prices for First Republic Bank's shares. Their forecasts range from $68.00 to $130.00. On average, they anticipate First Republic Bank's stock price to reach $106.88 in the next twelve months. This suggests that the stock has a possible downside of 2.3%. View analysts' price targets 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. Maxim Group analysts commented, "2Q19 results included record loan originations and excellent credit quality. The NIM was down 12bps linked-quarter, but NIM compression is expected to slow materially. Wealth management fees were down due to departure of an advisor group, but expenses should be down similarly. We are lowering our 2020 EPS estimate to $5.65, from $6.00, and lowering our price target to $110, from $115. Our new price target equates to 19.5x (vs. 19.2x for our previous price target) our new 2020 EPS estimate, which is inline with other best-in-class Smid-Cap Banks." (7/17/2019)
2. According to Zacks Investment Research, "Shares of First Republic have outperformed the industry over the past six months. Also, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters. The company's revenue growth is aided by rising loans and deposits balance. Notably, increasing loan originations are expected to support the company’s growth prospects over the long run. Further, a strong capital position keeps it well poised to undertake expansion moves. However, despite higher interest rates, decline in First Republic's net interest margin is a concern as it hurts interest income growth to some extent. Also, escalating costs owing to investments in digital initiatives might hurt its bottom-line expansion. Additionally, stretched valuation remain a headwind for the company." (7/5/2019)

Has First Republic Bank been receiving favorable news coverage?

Media coverage about FRC stock has been trending very negative recently, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. First Republic Bank earned a news sentiment score of -3.5 on InfoTrie's scale. They also gave media headlines about the bank a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutFirst Republic Bank.

Who are some of First Republic Bank's key competitors?

Some companies that are related to First Republic Bank include Truist Financial (TFC), PNC Financial Services Group (PNC), SunTrust Banks (STI), Fifth Third Bancorp (FITB), M&T Bank (MTB), KeyCorp (KEY), Regions Financial (RF), SVB Financial Group (SIVB), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Prosperity Bancshares (PB), Signature Bank (SBNY), Zions Bancorporation NA (ZION), East West Bancorp (EWBC) and Cullen/Frost Bankers (CFR). View all competitors.

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), Endologix (ELGX), Aegean Marine Petroleum Network (ANW), Accenture (ACN), AutoZone (AZO), Micron Technology (MU), NVIDIA (NVDA) and United Rentals (URI).

Who are First Republic Bank's key executives?

First Republic Bank's management team includes the following people:

Mr. James H. Herbert II, Founder, Chairman & CEO (Age 75)
Ms. Hafize Gaye Erkan, Pres & Director (Age 39)
Mr. Michael J. Roffler, Exec. VP & CFO (Age 48)
Mr. David B. Lichtman, Sr. EVP & Chief Credit Officer (Age 56)
Mr. Michael D. Selfridge, Chief Banking Officer & Sr. EVP (Age 52)

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 many different institutional and retail investors. Top institutional investors include BlackRock Inc. (6.74%), Capital International Investors (5.89%), State Street Corp (5.44%), JPMorgan Chase & Co. (3.43%), Principal Financial Group Inc. (3.03%) and Capital World Investors (2.91%).

Which institutional investors are selling First Republic Bank stock?

FRC stock was sold by a variety of institutional investors in the last quarter, including Capital International Investors, Capital Research Global Investors, Lord Abbett & CO. LLC, 1832 Asset Management L.P., Healthcare of Ontario Pension Plan Trust Fund, The Manufacturers Life Insurance Company , California Public Employees Retirement System, and Thrivent Financial for Lutherans.

Which institutional investors are buying First Republic Bank stock?

FRC stock was acquired by a variety of institutional investors in the last quarter, including APG Asset Management N.V., APG Asset Management N.V., JPMorgan Chase & Co., Morgan Stanley, Morgan Stanley, Balyasny Asset Management LLC, Alecta Pensionsforsakring Omsesidigt, and Parametric Portfolio Associates LLC.

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, Robinhood, Fidelity, and Charles Schwab.

What is First Republic Bank's stock price today?

One share of FRC stock can currently be purchased for approximately $109.34.

How big of a company is First Republic Bank?

First Republic Bank has a market capitalization of $18.74 billion and generates $4.16 billion in revenue each year. The bank earns $930.33 million in net income (profit) each year or $5.20 on an earnings per share basis. First Republic Bank employs 4,812 workers across the globe.

What is First Republic Bank's official website?

The official website for First Republic Bank is 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]

This page was last updated on 6/2/2020 by MarketBeat.com Staff