First Republic Bank (NYSE:FRC) will be announcing its earnings results before the market opens on Friday, October 13th. Analysts expect the company to announce earnings of $1.17 per share for the quarter.
First Republic Bank (NYSE:FRC) last posted its quarterly earnings data on Friday, July 14th. The bank reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.03). The company had revenue of $641.30 million during the quarter, compared to analyst estimates of $671.27 million. First Republic Bank had a net margin of 27.37% and a return on equity of 12.16%. The company’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.97 EPS. On average, analysts expect First Republic Bank to post $4.45 EPS for the current fiscal year and $5.29 EPS for the next fiscal year.
Shares of First Republic Bank (FRC) opened at 104.13 on Wednesday. The firm has a 50-day moving average of $99.33 and a 200 day moving average of $97.16. The firm has a market cap of $16.43 billion, a PE ratio of 25.40 and a beta of 1.01. First Republic Bank has a 52-week low of $72.40 and a 52-week high of $105.52.
Several research analysts have recently issued reports on the company. Royal Bank Of Canada reaffirmed a “hold” rating on shares of First Republic Bank in a research note on Friday, September 29th. BidaskClub downgraded shares of First Republic Bank from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Maxim Group reissued a “buy” rating and set a $110.00 target price (up previously from $105.00) on shares of First Republic Bank in a research report on Friday, July 14th. Barclays PLC reissued an “equal weight” rating and set a $110.00 target price (up previously from $101.00) on shares of First Republic Bank in a research report on Wednesday, July 12th. Finally, BMO Capital Markets reissued a “hold” rating and set a $96.00 target price on shares of First Republic Bank in a research report on Sunday, July 16th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $104.92.
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First Republic Bank Company Profile
First 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.
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