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MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.
2.74 out of 5 stars
193rd out of 862 stocks
6th out of 36 stocks
First Republic Bank has received a consensus rating of Hold. The company’s average rating score is 2.44, and is based on 7 buy ratings, 6 hold ratings, and 2 sell ratings.
According to analysts’ consensus price target of $146.84, First Republic Bank has a forecasted upside of 25.5% from its current price of $116.98.
First Republic Bank has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.
First Republic Bank has a dividend yield of 0.92%, which is in the bottom 25% of all stocks that pay dividends.
First Republic Bank has been increasing its dividend for 10 years.
The dividend payout ratio of First Republic Bank is 12.87%. This payout ratio is at a healthy, sustainable level, below 75%.
Based on earnings estimates, First Republic Bank will have a dividend payout ratio of 15.00% next year. This indicates that First Republic Bank will be able to sustain or increase its dividend.
In the past three months, First Republic Bank insiders have not sold or bought any company stock.
Only 0.70% of the stock of First Republic Bank is held by insiders.
95.17% 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.
Earnings for First Republic Bank are expected to decrease by -12.09% in the coming year, from $8.19 to $7.20 per share.
The P/E ratio of First Republic Bank is 13.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.34.
The P/E ratio of First Republic Bank is 13.94, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 173.94.
First Republic Bank has a PEG Ratio of 5.48. PEG Ratios above 1 indicate that a company could be overvalued.
First Republic Bank has a P/B Ratio of 1.68. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.
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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16 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for First Republic Bank in the last year. There are currently 2 sell ratings, 6 hold ratings, 7 buy ratings and 1 strong buy rating 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.
16 analysts have issued twelve-month price targets for First Republic Bank’s shares. Their FRC share price forecasts range from $100.00 to $200.00. On average, they anticipate the company’s share price to reach $146.84 in the next twelve months. This suggests a possible upside of 25.5% from the stock’s current price.
View analysts price targets for FRC or view top-rated stocks among Wall Street analysts.
First Republic Bank’s stock was trading at $206.51 at the start of the year. Since then, FRC shares have decreased by 43.4% and is now trading at $116.98.
View the best growth stocks for 2022 here.
First Republic Bank saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 3,080,000 shares, an increase of 78.0% from the October 31st total of 1,730,000 shares. Based on an average daily trading volume, of 1,480,000 shares, the short-interest ratio is presently 2.1 days.
View First Republic Bank’s Short Interest.
The company is scheduled to release its next quarterly earnings announcement on Friday, January 13th 2023.
View our FRC earnings forecast.
First Republic Bank (NYSE:FRC) issued its quarterly earnings data on Friday, October, 14th. The bank reported $2.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.18 by $0.03. First Republic Bank had a trailing twelve-month return on equity of 13.15% and a net margin of 27.06%. During the same quarter in the previous year, the company posted $1.91 EPS.
Read the conference call transcript.
First Republic Bank declared a quarterly dividend on Friday, October 14th. Investors of record on Thursday, October 27th will be given a dividend of $0.27 per share on Thursday, November 10th. This represents a $1.08 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Wednesday, October 26th.
Read our dividend analysis for FRC.
First Republic Bank (NYSE:FRC) pays an annual dividend of $1.08 per share and currently has a dividend yield of 0.92%. 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 12.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FRC will have a dividend payout ratio of 15.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FRC.
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.
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).
First Republic Bank trades on the New York Stock Exchange (NYSE) under the ticker symbol “FRC.”
First Republic Bank’s stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (11.23%), BlackRock Inc. (7.04%), State Street Corp (5.31%), Alecta Tjanstepension Omsesidigt (3.68%), Royal Bank of Canada (3.15%) and Baillie Gifford & Co. (1.50%).
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.
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One share of FRC stock can currently be purchased for approximately $116.98.
First Republic Bank (NYSE:FRC) has a market capitalization of $21.02 billion and generates $5.31 billion in revenue each year. The bank earns $1.48 billion in net income (profit) each year or $8.39 on an earnings per share basis.
The company employs 6,295 workers across the globe.
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.
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