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NYSE:FRC

First Republic Bank - FRC Stock Forecast, Price & News

$139.13
-1.48 (-1.05%)
(As of 10/6/2022 12:00 AM ET)
Add
Compare
Today's Range
$138.31
$141.09
50-Day Range
$130.55
$170.12
52-Week Range
$130.35
$222.86
Volume
658,401 shs
Average Volume
1.21 million shs
Market Capitalization
$24.99 billion
P/E Ratio
17.20
Dividend Yield
0.77%
Price Target
$183.07

First Republic Bank MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
31.6% Upside
$183.07 Price Target
Short Interest
Healthy
1.18% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.39
Upright™ Environmental Score
News Sentiment
-0.24mentions of First Republic Bank in the last 14 days
Based on 18 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.71%
From $8.59 to $9.51 Per Share

Overall MarketRank

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

2.74 out of 5 stars

Finance Sector

221st out of 882 stocks

Commercial Banks, Not Elsewhere Classified Industry

12th out of 35 stocks

FRC stock logo

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

Is First Republic Bank (FRC) a Smart Investment Choice?
FRC.PK First Republic Bank 4.125 DEP PFD K
Two-Minute Drill: FRC
First Week of FRC May 2023 Options Trading
First Republic Bank is Now Oversold (FRC)
First Republic Bank Names Neal Holland CFO
See More Headlines
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FRC Company Calendar

Last Earnings
7/14/2022
Ex-Dividend for 8/11 Dividend
7/27/2022
Dividend Payable
8/11/2022
Today
10/06/2022
Next Earnings (Confirmed)
10/14/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Commercial banks, not elsewhere classified
Sub-Industry
Regional Banks
Sector
Finance
CUSIP
33616C10
Employees
6,295
Year Founded
1985

Price Target and Rating

Average Stock Price Forecast
$183.07
High Stock Price Forecast
$250.00
Low Stock Price Forecast
$145.00
Forecasted Upside/Downside
+31.6%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
13 Analysts

Profitability

Net Income
$1.48 billion
Pretax Margin
35.05%

Debt

Sales & Book Value

Annual Sales
$5.31 billion
Cash Flow
$9.21 per share
Book Value
$69.57 per share

Miscellaneous

Free Float
178,389,000
Market Cap
$24.99 billion
Optionable
Optionable
Beta
1.14

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
  • Ms. Olga Tsokova (Age 49)
    Exec. VP, Chief Accounting Officer & Acting CFO
  • Ms. Susie Cranston
    Exec. VP & COO
  • 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
  • Mr. Carmen Castro-Franceschi
    Exec. Managing Director - San Fransisco - Div













FRC Stock - Frequently Asked Questions

Should I buy or sell First Republic Bank stock right now?

13 Wall Street 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 and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" FRC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FRC, but not buy additional shares or sell existing shares.
View FRC analyst ratings
or view top-rated stocks.

What is First Republic Bank's stock price forecast for 2022?

13 analysts have issued 12-month target prices for First Republic Bank's stock. Their FRC share price forecasts range from $145.00 to $250.00. On average, they anticipate the company's share price to reach $183.07 in the next twelve months. This suggests a possible upside of 31.6% 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 stock has decreased by 32.6% and is now trading at $139.13.
View the best growth stocks for 2022 here
.

Are investors shorting First Republic Bank?

First Republic Bank saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 2,120,000 shares, an increase of 27.7% from the August 31st total of 1,660,000 shares. Based on an average daily trading volume, of 958,000 shares, the short-interest ratio is currently 2.2 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, October 14th 2022.
View our FRC earnings forecast
.

How can I listen to First Republic Bank's earnings call?

First Republic Bank will be holding an earnings conference call on Friday, October 14th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 719-457-0820 with passcode "2879019 #".

How were First Republic Bank's earnings last quarter?

First Republic Bank (NYSE:FRC) posted its quarterly earnings data on Thursday, July, 14th. The bank reported $2.16 earnings per share for the quarter, beating analysts' consensus estimates of $2.05 by $0.11. The bank earned $1.50 billion during the quarter, compared to the consensus estimate of $1.48 billion. First Republic Bank had a trailing twelve-month return on equity of 12.96% and a net margin of 27.65%. The company's revenue was up 22.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.95 earnings per share.
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 announced a quarterly dividend on Thursday, July 14th. Shareholders of record on Thursday, July 28th will be given a dividend of $0.27 per share on Thursday, August 11th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Wednesday, July 27th.
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 0.77%. 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 13.35%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FRC will have a dividend payout ratio of 11.36% 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 shareholders include First Financial Bank Trust Division (0.04%), Beese Fulmer Investment Management Inc. (0.03%) and Enterprise Bank & Trust Co (0.01%).

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 $139.13.

How much money does First Republic Bank make?

First Republic Bank (NYSE:FRC) has a market capitalization of $24.99 billion and generates $5.31 billion in revenue each year. The bank earns $1.48 billion in net income (profit) each year or $8.09 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 10/6/2022 by MarketBeat.com Staff

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