First Republic Bank Company Profile (NYSE:FRC)

About First Republic Bank (NYSE:FRC)

First Republic Bank logoFirst 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: Money Center Banks
  • Sub-Industry: Regional Banks
  • Symbol: NYSE:FRC
  • CUSIP: 33616C10
  • Web: www.firstrepublic.com
Capitalization:
  • Market Cap: $14.57 billion
  • Outstanding Shares: 157,240,000
Average Prices:
  • 50 Day Moving Avg: $92.04
  • 200 Day Moving Avg: $91.35
  • 52 Week Range: $63.97 - $97.43
P/E:
  • Trailing P/E Ratio: 23.11
  • Foreward P/E Ratio: 17.31
  • P/E Growth: 1.32
Sales & Book Value:
  • Annual Revenue: $2.24 billion
  • Price / Sales: 6.50
  • Book Value: $39.13 per share
  • Price / Book: 2.37
Dividend:
  • Annual Dividend: $0.64
  • Dividend Yield: 0.8%
Profitability:
  • Net Margins: 27.98%
  • Return on Equity: 12.38%
  • Return on Assets: 0.97%
Debt:
  • Debt-to-Equity Ratio: 1.16%
  • Current Ratio: 0.92%
  • Quick Ratio: 0.92%
Misc:
  • Average Volume: 1.15 million shs.
  • Beta: 1.03
  • Short Ratio: 1.98
 

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 declared a quarterly dividend on Thursday, April 13th. Stockholders of record on Thursday, April 27th will be given a dividend of $0.17 per share on Thursday, May 11th. This represents a $0.68 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Tuesday, April 25th. This is a boost from First Republic Bank's previous quarterly dividend of $0.16. View First Republic Bank's Dividend History.

How were First Republic Bank's earnings last quarter?

First Republic Bank (NYSE:FRC) released its quarterly earnings results on Thursday, April, 13th. The company reported $1.01 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.01. The business had revenue of $601.14 million for the quarter, compared to analysts' expectations of $626.14 million. First Republic Bank had a net margin of 27.98% and a return on equity of 12.38%. During the same period last year, the firm earned $0.88 earnings per share. View First Republic Bank's Earnings History.

When will First Republic Bank make its next earnings announcement?

First Republic Bank is scheduled to release their next quarterly earnings announcement on Wednesday, July, 12th 2017. View Earnings Estimates for First Republic Bank.

Where is First Republic Bank's stock going? Where will First Republic Bank's stock price be in 2017?

13 analysts have issued 12 month price objectives for First Republic Bank's shares. Their forecasts range from $83.00 to $111.00. On average, they anticipate First Republic Bank's stock price to reach $98.08 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 in April. As of April 28th, there was short interest totalling 3,472,506 shares, an increase of 73.0% from the April 13th total of 2,006,834 shares. Based on an average trading volume of 1,142,865 shares, the days-to-cover ratio is currently 3.0 days.

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

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 Vanguard Group Inc. (7.79%), BlackRock Inc. (6.26%), Baillie Gifford & Co. (4.65%), JPMorgan Chase & Co. (3.79%), State Street Corp (3.17%) and FMR LLC (2.77%). 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 Baillie Gifford & Co., Harding Loevner LP, Goldman Sachs Group Inc., IronBridge Capital Management LP, FMR LLC, Marshall Wace LLP, Public Employees Retirement Association of Colorado and UBS Asset Management Americas Inc.. 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 acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., MARSHALL WACE ASIA Ltd, Marshall Wace North America L.P., JPMorgan Chase & Co., Vanguard Group Inc., WCM Investment Management CA, C WorldWide Group Holding A S and Renaissance Technologies 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.

How much does a share of First Republic Bank stock cost?

One share of First Republic Bank stock can currently be purchased for approximately $92.63.

Analyst Ratings

Consensus Ratings for First Republic Bank (NYSE:FRC) (?)
Ratings Breakdown: 7 Hold Ratings, 6 Buy Ratings
Consensus Rating:Hold (Score: 2.46)
Consensus Price Target: $98.08 (5.89% upside)

Analysts' Ratings History for First Republic Bank (NYSE:FRC)
Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
5/26/2017Keefe, Bruyette & WoodsSet Price TargetHold$90.00N/AView Rating Details
5/26/2017BMO Capital MarketsReiterated RatingHold$97.00LowView Rating Details
5/15/2017Jefferies Group LLCReiterated RatingBuy$109.00N/AView Rating Details
4/19/2017Barclays PLCBoost Price TargetOverweight$100.00 -> $101.00LowView Rating Details
4/18/2017Deutsche Bank AGBoost Price TargetHold$98.00 -> $101.00LowView Rating Details
4/17/2017Piper Jaffray CompaniesLower Price TargetNeutral$97.00 -> $92.00LowView Rating Details
3/10/2017Royal Bank of CanadaBoost Price TargetSector Perform -> Sector Perform$95.00 -> $98.00LowView Rating Details
2/2/2017JMP SecuritiesInitiated CoverageOutperform$111.00N/AView Rating Details
1/17/2017Maxim GroupBoost Price TargetBuy$100.00 -> $105.00N/AView Rating Details
1/17/2017FBR & CoBoost Price TargetOutperform$100.00 -> $105.00N/AView Rating Details
1/9/2017Wells Fargo & CoDowngradeOutperform -> Market PerformN/AView Rating Details
11/16/2016Morgan StanleyDowngradeOverweight -> Equal Weight$77.00 -> $85.00N/AView Rating Details
7/17/2016JPMorgan Chase & Co.Reiterated RatingBuyN/AView Rating Details
5/8/2016Canaccord GenuityReiterated RatingBuyN/AView Rating Details
2/22/2016HSBC Holdings plcUpgradeHold -> BuyN/AView Rating Details
11/11/2015Raymond James Financial, Inc.UpgradeMarket Perform -> Outperform$75.00N/AView Rating Details
6/19/2015Evercore ISIBoost Price TargetHold$59.00 -> $63.00N/AView Rating Details
(Data available from 5/28/2015 forward)

Earnings

Earnings History for First Republic Bank (NYSE:FRC)
Earnings by Quarter for First Republic Bank (NYSE:FRC)
Earnings History by Quarter for First Republic Bank (NYSE:FRC)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
7/12/2017        
4/13/2017Q1 2017$1.01$1.01$626.14 million$601.14 millionViewN/AView Earnings Details
1/13/2017Q416$1.01$1.03$623.91 million$599.50 millionViewListenView Earnings Details
10/13/2016Q316$0.99$1.00$592.65 million$557.90 millionViewListenView Earnings Details
7/14/2016Q216$0.91$0.97$568.53 million$535.10 millionViewListenView Earnings Details
4/14/2016Q116$0.80$0.88$542.20 million$519.60 millionViewListenView Earnings Details
1/14/2016Q415$0.80$0.82$514.20 million$484.90 millionViewListenView Earnings Details
10/15/2015Q315$0.81$0.82$489.22 million$468.60 millionViewListenView Earnings Details
7/16/2015Q215$0.78$0.80$450.72 million$455.30 millionViewListenView Earnings Details
4/16/2015Q115$0.69$0.71$433.70 million$422.90 millionViewListenView Earnings Details
1/15/2015Q4$0.72$0.72$427.98 million$416.69 millionViewListenView Earnings Details
10/16/2014Q314$0.79$0.81$433.70 million$440.60 millionViewListenView Earnings Details
7/16/2014Q214$0.76$0.76$410.56 million$388.80 millionViewN/AView Earnings Details
4/16/2014Q114$0.64$0.73$395.92 millionViewListenView Earnings Details
1/16/2014Q413$0.75$0.66$326.24 million$371.00 millionViewListenView Earnings Details
10/15/2013Q313$0.76$0.75$319.20 million$361.80 millionViewListenView Earnings Details
7/17/2013Q2 2013$0.74$0.77$307.01 millionViewListenView Earnings Details
4/15/2013Q1 2013$0.73$0.72$316.45 millionViewListenView Earnings Details
1/16/2013Q4 2012$0.73$0.77$308.21 million$357.90 millionViewListenView Earnings Details
10/17/2012$0.68$0.72ViewN/AView Earnings Details
7/18/2012$0.59$0.60ViewN/AView Earnings Details
4/18/2012$0.61$0.67ViewN/AView Earnings Details
1/17/2012$0.67$0.68ViewN/AView Earnings Details
10/20/2011$0.60$0.66ViewN/AView Earnings Details
7/20/2011$0.61$0.64ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for First Republic Bank (NYSE:FRC)
2017 EPS Consensus Estimate: $4.53
2018 EPS Consensus Estimate: $5.50
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20173$0.99$1.03$1.01
Q2 20173$1.07$1.13$1.10
Q3 20173$1.11$1.23$1.17
Q4 20173$1.21$1.31$1.25
Q1 20182$1.20$1.33$1.27
Q2 20182$1.30$1.41$1.36
Q3 20182$1.34$1.45$1.40
Q4 20182$1.41$1.55$1.48
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for First Republic Bank (NYSE:FRC)
Most Recent Dividend:5/11/2017
Annual Dividend:$0.64
Dividend Yield:0.69%
Dividend Growth:20.50% (3 Year Average)
Payout Ratio:16.49% (Trailing 12 Months of Earnings)
14.22% (Based on This Year's Estimates)
11.96% (Based on Next Year's Estimates)
Track Record:4 Years of Consecutive Dividend Growth
Dividend Payments by Quarter for First Republic Bank (NYSE:FRC)

Dividend History by Quarter for First Republic Bank (NYSE:FRC)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
4/13/2017quarterly$0.174/25/20174/27/20175/11/2017
1/13/2017quarterly$0.160.7%1/24/20171/26/20172/9/2017
10/13/2016quarterly$0.160.86%10/25/201610/27/201611/10/2016
7/14/2016quarterly$0.160.9%7/26/20167/28/20168/11/2016
4/14/2016quarterly$0.160.92%4/26/20164/28/20165/12/2016
1/15/2016quarterly$0.150.95%1/26/20161/28/20162/11/2016
10/16/2015quarterly$0.150.95%10/27/201510/29/201511/12/2015
7/16/2015quarterly$0.150.94%7/28/20157/30/20158/13/2015
4/17/2015quarterly$0.151.02%4/28/20154/30/20155/14/2015
1/15/2015quarterly$0.141.16%1/27/20151/29/20152/12/2015
10/16/2014quarterly$0.141.19%10/28/201410/30/201411/13/2014
7/16/2014quarterly$0.141.17%7/30/20148/1/20148/15/2014
4/16/2014quarterly$0.141.08%4/29/20145/1/20145/15/2014
1/16/2014quarterly$0.120.94%1/29/20141/31/20142/14/2014
10/15/2013quarterly$0.120.99%10/30/201311/1/201311/15/2013
7/17/2013quarterly$0.121.15%7/30/20138/1/20138/15/2013
4/15/2013quarterly$0.121.27%4/29/20135/1/20135/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for First Republic Bank (NYSE:FRC)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for First Republic Bank (NYSE:FRC)
Latest Headlines for First Republic Bank (NYSE:FRC)
Source:
DateHeadline
americanbankingnews.com logoKeefe, Bruyette & Woods Analysts Give First Republic Bank (FRC) a $90.00 Price Target
www.americanbankingnews.com - May 27 at 8:24 AM
americanbankingnews.com logoFirst Republic Bank (FRC) Stock Rating Reaffirmed by BMO Capital Markets
www.americanbankingnews.com - May 26 at 8:12 AM
finance.yahoo.com logoFirst Republic Bank, Inc. – Value Analysis (NYSE:FRC) : May 25, 2017
finance.yahoo.com - May 25 at 7:26 PM
businesswire.com logoGradifi Signs 20 More Companies For Its Student Loan Repayment Benefit - Business Wire (press release)
www.businesswire.com - May 24 at 12:07 PM
finance.yahoo.com logoFirst Republic Bank, Inc. breached its 50 day moving average in a Bullish Manner : FRC-US : May 24, 2017
finance.yahoo.com - May 24 at 12:07 PM
finance.yahoo.com logoGradifi Signs 20 More Companies For Its Student Loan Repayment Benefit
finance.yahoo.com - May 24 at 12:07 PM
nasdaq.com logoFirst Republic Bank's Series C Preferred Stock Shares Cross 5.5% Yield Mark
www.nasdaq.com - May 19 at 5:03 PM
businesswire.com logoFirst Republic Bank Issues Notice of Redemption of Series B Preferred Shares - Business Wire (press release)
www.businesswire.com - May 17 at 5:16 PM
finance.yahoo.com logoFirst Republic Bank Issues Notice of Redemption of Series B Preferred Shares
finance.yahoo.com - May 17 at 5:16 PM
americanbankingnews.com logoFirst Republic Bank (FRC) Short Interest Up 73.0% in April
www.americanbankingnews.com - May 16 at 7:14 AM
americanbankingnews.com logoFirst Republic Bank (FRC) Given Daily News Impact Score of 0.28
www.americanbankingnews.com - May 12 at 12:57 AM
businesswire.com logoFirst Republic Bank Extends Contract of Chairman and Founding CEO Jim Herbert - Business Wire (press release)
www.businesswire.com - May 11 at 10:56 PM
nasdaq.com logoFirst Republic Bank Extends CEO's Contract Through 2020
www.nasdaq.com - May 11 at 5:54 PM
finance.yahoo.com logoFirst Republic Bank Extends Contract of Chairman and Founding CEO Jim Herbert
finance.yahoo.com - May 10 at 5:25 PM
americanbankingnews.com logoFirst Republic Bank (FRC) Given Consensus Recommendation of "Buy" by Brokerages
www.americanbankingnews.com - May 9 at 9:24 AM
americanbankingnews.com logoFirst Republic Bank (FRC) Given Buy Rating at Jefferies Group LLC
www.americanbankingnews.com - May 6 at 8:32 AM
americanbankingnews.com logo$649.3 Million in Sales Expected for First Republic Bank (FRC) This Quarter
www.americanbankingnews.com - May 6 at 8:22 AM
americanbankingnews.com logo Analysts Expect First Republic Bank (FRC) Will Announce Earnings of $1.09 Per Share
www.americanbankingnews.com - May 4 at 8:36 PM
finance.yahoo.com logoFirst Republic Bank, Inc. breached its 50 day moving average in a Bearish Manner : FRC-US : May 1, 2017
finance.yahoo.com - May 1 at 10:19 AM
americanbankingnews.com logoFirst Republic Bank (FRC) Given Daily Coverage Optimism Score of 0.16
www.americanbankingnews.com - April 29 at 9:57 PM
americanbankingnews.com logoSomewhat Favorable News Coverage Somewhat Likely to Impact First Republic Bank (FRC) Share Price
www.americanbankingnews.com - April 27 at 12:06 AM
seekingalpha.com logoCash In On This Rocket And Switch To A Better FRC Preferred Stock
seekingalpha.com - April 26 at 8:06 PM
finance.yahoo.com logoFirst Republic Bank, Inc. : FRC-US: Dividend Analysis : April 27th, 2017 (record date) : By the numbers : April 25, 2017
finance.yahoo.com - April 25 at 4:54 PM
americanbankingnews.com logoFirst Republic Bank (FRC) Price Target Raised to $101.00 at Barclays PLC
www.americanbankingnews.com - April 25 at 12:02 PM
seekingalpha.com logoFirst Republic Bank goes ex-dividend tomorrow
seekingalpha.com - April 24 at 5:03 PM
americanbankingnews.com logoFavorable Press Coverage Somewhat Unlikely to Affect First Republic Bank (FRC) Stock Price
www.americanbankingnews.com - April 23 at 8:55 PM
americanbankingnews.com logoBarclays PLC Boosts First Republic Bank (FRC) Price Target to $101.00
www.americanbankingnews.com - April 23 at 12:38 AM
nasdaq.com logoReminder - First Republic Bank (FRC) Goes Ex-Dividend Soon
www.nasdaq.com - April 21 at 11:40 AM
americanbankingnews.com logoJefferies Group Equities Analysts Reduce Earnings Estimates for First Republic Bank (FRC)
www.americanbankingnews.com - April 21 at 10:08 AM
americanbankingnews.com logoFirst Republic Bank's (FRC) "Hold" Rating Reiterated at Deutsche Bank AG
www.americanbankingnews.com - April 18 at 11:14 AM
americanbankingnews.com logoFirst Republic Bank (FRC) Receives Daily Media Impact Score of 0.06
www.americanbankingnews.com - April 17 at 7:53 PM
americanbankingnews.com logoFirst Republic Bank (FRC) Stock Rating Reaffirmed by Piper Jaffray Companies
www.americanbankingnews.com - April 17 at 5:56 PM
zacks.com logoFirst Republic's (FRC) Q1 Earnings in Line, Dividend Up
www.zacks.com - April 17 at 11:27 AM
finance.yahoo.com logoFirst Republic's (FRC) Q1 Earnings in Line, Dividend Up
finance.yahoo.com - April 17 at 11:27 AM
americanbankingnews.com logo$656.13 Million in Sales Expected for First Republic Bank (FRC) This Quarter
www.americanbankingnews.com - April 15 at 8:20 AM
americanbankingnews.com logoSomewhat Favorable News Coverage Likely to Impact First Republic Bank (FRC) Share Price
www.americanbankingnews.com - April 14 at 7:33 PM
americanbankingnews.com logoFirst Republic Bank to Post Q2 2017 Earnings of $1.09 Per Share, Jefferies Group Forecasts (FRC)
www.americanbankingnews.com - April 14 at 10:22 AM
americanbankingnews.com logoFirst Republic Bank (FRC) Receives Average Rating of "Buy" from Analysts
www.americanbankingnews.com - April 14 at 10:16 AM
finance.yahoo.com logoEdited Transcript of FRC earnings conference call or presentation 13-Apr-17 2:00pm GMT
finance.yahoo.com - April 13 at 10:11 PM
americanbankingnews.com logo$1.01 Earnings Per Share Expected for First Republic Bank (FRC) This Quarter
www.americanbankingnews.com - April 13 at 6:08 PM
seekingalpha.com logoFirst Republic's (FRC) CEO Jim Herbert on Q1 2017 Results - Earnings Call Transcript
seekingalpha.com - April 13 at 5:10 PM
americanbankingnews.com logoFirst Republic Bank (FRC) Announces Earnings Results
www.americanbankingnews.com - April 13 at 3:02 PM
americanbankingnews.com logoFirst Republic Bank (FRC) to Issue Quarterly Dividend of $0.17
www.americanbankingnews.com - April 13 at 11:26 AM
nasdaq.com logoFirst Republic Bank Q1 Income Climbs 15%
www.nasdaq.com - April 13 at 10:57 AM
seekingalpha.com logoFirst Republic Bank EPS in-line, misses on revenue
seekingalpha.com - April 13 at 10:57 AM
finance.yahoo.com logoFirst Republic Reports Strong First Quarter 2017 Results
finance.yahoo.com - April 13 at 10:57 AM
americanbankingnews.com logoFirst Republic Bank (FRC) Earns "Overweight" Rating from Barclays PLC
www.americanbankingnews.com - April 11 at 11:58 AM
americanbankingnews.com logoFirst Republic Bank (FRC) Scheduled to Post Earnings on Thursday
www.americanbankingnews.com - April 11 at 7:05 AM
zacks.com logoThe Hottest Big Bank Earnings Charts
www.zacks.com - April 10 at 5:03 PM
americanbankingnews.com logoQ1 2017 Earnings Estimate for First Republic Bank Issued By Jefferies Group (FRC)
www.americanbankingnews.com - April 7 at 7:13 PM

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Chart

First Republic Bank (FRC) Chart for Sunday, May, 28, 2017

This page was last updated on 5/28/2017 by MarketBeat.com Staff