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NYSE:FRC

First Republic Bank Stock Forecast, Price & News

$125.18
+1.38 (+1.11 %)
(As of 10/29/2020 12:00 AM ET)
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Today's Range
$122.73
Now: $125.18▼
$125.80
50-Day Range
$100.94
MA: $116.22▼
$130.98
52-Week Range
$70.06
Now: $125.18▼
$131.60
Volume722,031 shs
Average Volume1.10 million shs
Market Capitalization$21.54 billion
P/E Ratio22.35
Dividend Yield0.65%
Beta1.16
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 accepts deposit products, such as checking, money market checking, savings, passbook deposits, and individual retirement accounts, as well as certificates of deposit. It also offers 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, construction 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, online brokerage, financial and estate planning, and access to alternative investments, as well as investing, insurance, and foreign exchange services; and treasury services. Additionally, the company offers online and mobile banking services; student loan refinancing services; and ATM and debit cards. As of December 31, 2019, the company offered its services through 89 offices, including 78 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 11 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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Beat the Market (BTM) Rank™

Analyst Opinion: 2.2Community Rank: 2.3Dividend Strength: 2.5Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank™

1.72 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
Employees4,812

Debt

Debt-to-Equity Ratio1.58
Current Ratio1.03
Quick Ratio1.03

Price-To-Earnings

Trailing P/E Ratio22.35
Forward P/E Ratio22.04
P/E Growth2.41

Sales & Book Value

Annual Sales$4.16 billion
Price / Sales5.18
Cash Flow$6.30 per share
Price / Cash Flow19.86
Book Value$56.36 per share
Price / Book2.22

Profitability

EPS (Most Recent Fiscal Year)$5.20
Net Income$930.33 million
Net Margins22.95%
Return on Equity10.96%
Return on Assets0.81%

Miscellaneous

Outstanding Shares172,094,000
Market Cap$21.54 billion
Next Earnings Date1/12/2021 (Estimated)
OptionableOptionable
$125.18
+1.38 (+1.11 %)
(As of 10/29/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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First Republic Bank (NYSE:FRC) Frequently Asked Questions

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

First Republic Bank's stock was trading at $89.22 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, FRC shares have increased by 40.3% and is now trading at $125.18.
View which stocks have been most impacted by COVID-19.

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

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for First Republic Bank in the last year. There are currently 1 sell rating, 9 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, January 12th 2021.
View our earnings forecast for First Republic Bank.

How were First Republic Bank's earnings last quarter?

First Republic Bank (NYSE:FRC) issued its quarterly earnings data on Sunday, October, 18th. The bank reported $1.61 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $1.38 by $0.23. First Republic Bank had a net margin of 22.95% and a return on equity of 10.96%. During the same quarter in the prior year, the company posted $1.31 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, October 13th. Shareholders of record on Thursday, October 29th will be given a dividend of $0.20 per share on Thursday, November 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Wednesday, October 28th.
View First Republic Bank's dividend history.

What price target have analysts set for FRC?

17 brokerages have issued 1-year price objectives for First Republic Bank's stock. Their forecasts range from $95.00 to $150.00. On average, they expect First Republic Bank's share price to reach $119.94 in the next year. This suggests that the stock has a possible downside of 4.2%.
View analysts' price targets for First 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), Fifth Third Bancorp (FITB), SVB Financial Group (SIVB), M&T Bank (MTB), Regions Financial (RF), KeyCorp (KEY), Huntington Bancshares (HBAN), Commerce Bancshares (CBSH), Zions Bancorporation, National Association (ZION), East West Bancorp (EWBC), Prosperity Bancshares (PB), First Citizens BancShares (FCNCA), Cullen/Frost Bankers (CFR) and South State (SSB).
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), Accenture (ACN), Micron Technology (MU), NVIDIA (NVDA), AbbVie (ABBV), Endologix (ELGX), Costco Wholesale (COST) and AutoZone (AZO).

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 76, Pay $3.94M)
  • Ms. Hafize Gaye Erkan, Pres & Director (Age 40, Pay $2.8M)
  • Mr. Michael J. Roffler, Exec. VP & CFO (Age 49, Pay $1.6M)
  • Mr. David B. Lichtman, Sr. EVP & Chief Credit Officer (Age 57, Pay $2.07M)
  • Mr. Michael D. Selfridge, Chief Banking Officer & Sr. EVP (Age 53, Pay $1.96M)
  • Mr. Jason C. Bender, Exec. VP & COO (Age 51)
  • Ms. Olga Tsokova, Sr. VP & Chief Accounting Officer (Age 47)
  • Mr. Jim Hughes, Exec. VP & Chief Information Officer
  • Ms. Mollie M. Richardson, Chief Admin. Officer, Exec. VP & Chief People Officer (Age 41)
  • Mr. Michael Ioanilli, VP & Director of Investor Relations

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 number of retail and institutional investors. Top institutional shareholders include Standard Life Aberdeen plc (0.89%), M&G Investment Management Ltd. (0.61%), Douglas Lane & Associates LLC (0.51%), Hexavest Inc. (0.15%), Envestnet Asset Management Inc. (0.14%) and DekaBank Deutsche Girozentrale (0.12%).

Which major investors are selling First Republic Bank stock?

FRC stock was sold by a variety of institutional investors in the last quarter, including Hahn Capital Management LLC, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA, State of Alaska Department of Revenue, Standard Life Aberdeen plc, Private Wealth Partners LLC, Nissay Asset Management Corp Japan ADV, State of New Jersey Common Pension Fund D, and Retirement Systems of Alabama.

Which major investors are buying First Republic Bank stock?

FRC stock was acquired by a variety of institutional investors in the last quarter, including Hexavest Inc., DekaBank Deutsche Girozentrale, Rheos Capital Works Inc., KBC Group NV, Envestnet Asset Management Inc., M&G Investment Management Ltd., Aptus Capital Advisors LLC, and Nisa Investment Advisors 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 $125.18.

How big of a company is First Republic Bank?

First Republic Bank has a market capitalization of $21.54 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 10/30/2020 by MarketBeat.com Staff
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