First Republic Bank (FRC) Set to Announce Earnings on Tuesday

Share on StockTwits

First Republic Bank (NYSE:FRC) will be posting its quarterly earnings results before the market opens on Tuesday, January 15th. Analysts expect First Republic Bank to post earnings of $1.25 per share for the quarter.

First Republic Bank (NYSE:FRC) last issued its earnings results on Friday, October 12th. The bank reported $1.19 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.20 by ($0.01). First Republic Bank had a net margin of 24.05% and a return on equity of 11.47%. The firm had revenue of $768.83 million during the quarter, compared to analyst estimates of $765.80 million. During the same quarter last year, the business posted $1.14 earnings per share. On average, analysts expect First Republic Bank to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of NYSE:FRC opened at $84.49 on Friday. The company has a debt-to-equity ratio of 1.50, a current ratio of 1.00 and a quick ratio of 1.00. The stock has a market capitalization of $13.76 billion, a P/E ratio of 19.60, a PEG ratio of 1.34 and a beta of 0.91. First Republic Bank has a 52-week low of $79.42 and a 52-week high of $106.75.

A number of research analysts recently issued reports on FRC shares. Zacks Investment Research cut shares of First Republic Bank from a “hold” rating to a “sell” rating in a research note on Tuesday, January 8th. Robert W. Baird assumed coverage on shares of First Republic Bank in a report on Thursday, December 20th. They issued a “neutral” rating and a $92.00 target price on the stock. Morgan Stanley dropped their price objective on shares of First Republic Bank from $95.00 to $94.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 8th. Wells Fargo & Co upgraded shares of First Republic Bank from a “market perform” rating to an “outperform” rating and set a $87.50 price objective on the stock in a report on Wednesday, January 2nd. Finally, Raymond James set a $104.00 target price on shares of First Republic Bank and gave the stock a “buy” rating in a research report on Monday, October 15th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $99.19.

TRADEMARK VIOLATION NOTICE: “First Republic Bank (FRC) Set to Announce Earnings on Tuesday” was originally published by Ticker Report and is the property of of Ticker Report. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://www.tickerreport.com/banking-finance/4073344/first-republic-bank-frc-set-to-announce-earnings-on-tuesday.html.

First Republic Bank Company Profile

First Republic Bank, together with its subsidiaries, provides private banking, private business banking, real estate lending, and wealth management services to clients in metropolitan areas of the United States. It operates through two segments, Commercial Banking and Wealth Management. The company offers deposit products, such as checking, money market checking, savings, and passbook deposits, as well as certificates of deposit.

Featured Article: Analyzing a company’s cash flow statement

Earnings History 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

AA  Stock Price Up 6.1%
AA Stock Price Up 6.1%
BioCardia  vs. ADMA Biologics  Critical Contrast
BioCardia vs. ADMA Biologics Critical Contrast
SVB Financial Group  Expected to Post Earnings of $4.69 Per Share
SVB Financial Group Expected to Post Earnings of $4.69 Per Share
Henry Schein, Inc.  Expected to Announce Earnings of $1.11 Per Share
Henry Schein, Inc. Expected to Announce Earnings of $1.11 Per Share
Brokerages Expect Nike Inc  to Announce $0.63 Earnings Per Share
Brokerages Expect Nike Inc to Announce $0.63 Earnings Per Share
Raymond James Upgrades Commerce Bancshares  to “Market Perform”
Raymond James Upgrades Commerce Bancshares to “Market Perform”


Leave a Reply

© 2006-2019 Ticker Report