Somewhat Favorable Press Coverage Somewhat Unlikely to Affect First Republic Bank (FRC) Share Price

Media coverage about First Republic Bank (NYSE:FRC) has been trending somewhat positive recently, Accern reports. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Republic Bank earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news headlines about the bank an impact score of 46.1219292736933 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

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FRC has been the topic of a number of recent research reports. Barclays lifted their price target on First Republic Bank from $98.00 to $101.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 2nd. Maxim Group reiterated a “buy” rating and set a $110.00 price target on shares of First Republic Bank in a report on Thursday, January 4th. Sandler O’Neill reiterated a “hold” rating and set a $94.00 price target on shares of First Republic Bank in a report on Wednesday, January 17th. Royal Bank of Canada reiterated a “hold” rating on shares of First Republic Bank in a report on Wednesday, January 17th. Finally, Keefe, Bruyette & Woods reissued a “hold” rating on shares of First Republic Bank in a research report on Wednesday, January 17th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the stock. First Republic Bank presently has a consensus rating of “Hold” and an average price target of $102.43.



NYSE:FRC traded down $1.26 during trading hours on Tuesday, hitting $89.91. 1,035,790 shares of the company’s stock traded hands, compared to its average volume of 1,584,585. The firm has a market capitalization of $14,418.94, a price-to-earnings ratio of 21.24, a P/E/G ratio of 1.51 and a beta of 0.82. First Republic Bank has a 52 week low of $84.56 and a 52 week high of $105.52. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.96 and a current ratio of 0.97.

First Republic Bank (NYSE:FRC) last posted its quarterly earnings data on Friday, April 13th. The bank reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.07. First Republic Bank had a return on equity of 11.76% and a net margin of 25.33%. The company had revenue of $720.90 million during the quarter, compared to analyst estimates of $732.68 million. During the same quarter last year, the company earned $1.01 earnings per share. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. equities analysts forecast that First Republic Bank will post 4.76 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 10th. Stockholders of record on Thursday, April 26th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Wednesday, April 25th. This is a positive change from First Republic Bank’s previous quarterly dividend of $0.17. First Republic Bank’s payout ratio is 15.78%.

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First Republic Bank Company Profile

First Republic Bank, Inc engages in the provision of private banking, private business banking, and private wealth management, including investment, trust and brokerage services through its subsidiaries. Its services includes checking, savings, money market, online and mobile banking, automated teller machine (ATM) card and ATM/debit card, student loan refinancing, residential and personal lending, foreign exchange, business lending by industry, general business loans, commercial real estate and construction loans, business lines of credit, corporate online, treasury services, endowment management, and financial planning.

Insider Buying and Selling by Quarter for First Republic Bank (NYSE:FRC)

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