First Republic Bank (FRC) Given Media Sentiment Score of 0.17

Headlines about First Republic Bank (NYSE:FRC) have trended somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Republic Bank earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned press coverage about the bank an impact score of 46.8692864214177 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news stories that may have effected Accern’s scoring:

Shares of First Republic Bank (FRC) traded down 2.52% on Thursday, reaching $97.82. The company had a trading volume of 435,106 shares. The company has a market capitalization of $15.42 billion, a P/E ratio of 23.86 and a beta of 0.99. The company has a 50 day moving average of $100.89 and a 200-day moving average of $95.87. First Republic Bank has a 52 week low of $71.66 and a 52 week high of $104.17.

First Republic Bank (NYSE:FRC) last posted its earnings results on Friday, July 14th. The bank reported $1.06 EPS for the quarter, missing the Zacks’ consensus estimate of $1.09 by $0.03. First Republic Bank had a return on equity of 12.16% and a net margin of 27.37%. The firm had revenue of $641.30 million for the quarter, compared to analyst estimates of $671.27 million. During the same quarter last year, the firm posted $0.97 EPS. The firm’s revenue for the quarter was up 19.8% on a year-over-year basis. Analysts predict that First Republic Bank will post $4.45 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 10th. Investors of record on Thursday, July 27th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Tuesday, July 25th. First Republic Bank’s dividend payout ratio (DPR) is presently 16.59%.

A number of equities analysts have recently commented on the company. Piper Jaffray Companies dropped their target price on First Republic Bank from $97.00 to $92.00 and set a “neutral” rating for the company in a report on Monday, April 17th. Zacks Investment Research cut First Republic Bank from a “hold” rating to a “sell” rating in a report on Tuesday, June 6th. BidaskClub cut First Republic Bank from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Barclays PLC boosted their price objective on First Republic Bank from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Wednesday, April 19th. Finally, Maxim Group restated a “buy” rating and set a $110.00 price objective (up previously from $105.00) on shares of First Republic Bank in a report on Friday, July 14th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. First Republic Bank presently has an average rating of “Hold” and an average target price of $104.54.

COPYRIGHT VIOLATION WARNING: This article was originally posted by Ticker Report and is owned by of Ticker Report. If you are viewing this article on another publication, it was copied illegally and republished in violation of United States and international copyright legislation. The original version of this article can be read at https://www.tickerreport.com/banking-finance/2800392/first-republic-bank-frc-given-media-sentiment-score-of-0-17.html.

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.

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

Receive News & Ratings for First Republic Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Republic Bank and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

How to Trade on Forex – 8 Steps for Beginners
How to Trade on Forex – 8 Steps for Beginners
Super Nintendo World Theme Park Officially Starts Construction
Super Nintendo World Theme Park Officially Starts Construction
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Amazon and Apple Join Foxconn to Secure Chip Business of Toshiba
Camera Zooms In and Can Recognize Faces
Camera Zooms In and Can Recognize Faces
Netflix Could See 150 Million Worldwide Subscribers
Netflix Could See 150 Million Worldwide Subscribers
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back
LeEco Cutting Over 70% of Staff in U.S. Amidst Pull Back


Leave a Reply

© 2006-2017 Ticker Report. Google+.