First Republic Bank (NYSE:FRC) – Analysts at Piper Sandler issued their Q3 2020 earnings estimates for shares of First Republic Bank in a analysis report issued to shoppers and buyers on Thursday, September 17th. Piper Sandler analyst A. Liesch forecasts that the bank will publish earnings of $1.38 per share for the quarter. Piper Sandler at present has a “Impartial” score and a $115.00 goal price on the stock. Piper Sandler additionally issued estimates for First Republic Bank’s This fall 2020 earnings at $1.37 EPS, FY2020 earnings at $5.35 EPS, Q1 2021 earnings at $1.28 EPS, Q2 2021 earnings at $1.35 EPS, Q3 2021 earnings at $1.44 EPS, This fall 2021 earnings at $1.43 EPS and FY2021 earnings at $5.50 EPS. A number of different equities analysis analysts have additionally not too long ago weighed in on the stock. Wells Fargo & Firm elevated their goal price on shares of First Republic Bank from $68.00 to $85.00 and gave the corporate an “underweight” score in a analysis observe on Wednesday, July 15th. Barclays elevated their goal price on shares of First Republic Bank from $111.00 to $120.00 and gave the corporate an “equal weight” score in a analysis observe on Wednesday, July 15th. Bank of America elevated their goal price on shares of First Republic Bank from $139.00 to $140.00 and gave the corporate a “purchase” score in a analysis observe on Friday, July 10th. Morgan Stanley elevated their goal price on shares of First Republic Bank from $100.00 to $115.00 and gave the corporate an “equal weight” score in a analysis observe on Monday, June eighth. Lastly, Citigroup elevated their goal price on shares of First Republic Bank from $100.00 to $111.00 and gave the corporate a “impartial” score in a analysis observe on Thursday, June 18th. One analysis analyst has rated the stock with a promote score, 9 have issued a maintain score and eight have given a purchase score to the corporate. The stock presently has a median score of “Maintain” and a consensus price goal of $113.76.NYSE FRC opened at $108.43 on Monday. The corporate has a debt-to-equity ratio of 1.82, a fast ratio of 1.04 and a present ratio of 1.04. The agency has a 50-day easy transferring common of $113.34 and a 200 day easy transferring common of $104.12. First Republic Bank has a twelve month low of $70.06 and a twelve month excessive of $125.12. The stock has a market cap of $18.57 billion, a PE ratio of 20.36, a PEG ratio of two.53 and a beta of 1.14. First Republic Bank (NYSE:FRC) final launched its quarterly earnings outcomes on Tuesday, July 14th. The bank reported $1.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.23. First Republic Bank had a web margin of 22.03% and a return on fairness of 10.68%. The corporate had income of $943.40 million in the course of the quarter, in comparison with analysts’ expectations of $937.90 million. Throughout the identical interval within the prior yr, the corporate earned $1.24 earnings per share. The enterprise’s quarterly income was up 6.5% in comparison with the identical quarter final yr. Hedge funds have not too long ago added to or lowered their stakes within the stock. Public Staff Retirement Affiliation of Colorado elevated its stake in shares of First Republic Bank by 11.5% within the first quarter. Public Staff Retirement Affiliation of Colorado now owns 1,139,189 shares of the bank’s stock valued at $93,732,000 after shopping for an extra 117,546 shares within the final quarter. PNC Monetary Companies Group Inc. elevated its place in First Republic Bank by 38.3% within the 1st quarter. PNC Monetary Companies Group Inc. now owns 40,579 shares of the bank’s stock valued at $3,339,000 after buying an extra 11,236 shares within the final quarter. Northwestern Mutual Funding Administration Firm LLC raised its stake in shares of First Republic Bank by 34.6% within the first quarter. Northwestern Mutual Funding Administration Firm LLC now owns 8,812 shares of the bank’s stock worth $725,000 after buying an extra 2,266 shares over the past quarter. Cigna Investments Inc. New raised its stake in shares of First Republic Bank by 5.6% within the first quarter. Cigna Investments Inc. New now owns 4,704 shares of the bank’s stock worth $388,000 after buying an extra 250 shares over the past quarter. Lastly, Mutual of America Capital Administration LLC lifted its place in shares of First Republic Bank by 0.5% in the course of the first quarter. Mutual of America Capital Administration LLC now owns 27,312 shares of the bank’s stock worth $2,247,000 after buying an extra 143 shares within the final quarter. 95.70% of the stock is owned by hedge funds and different institutional buyers. First Republic Bank Firm ProfileFirst Republic Bank, along with its subsidiaries, gives non-public banking, non-public enterprise banking, actual property lending, and wealth administration providers to shoppers in metropolitan areas in america. It operates by means of two segments, Industrial Banking and Wealth Administration. The corporate gives deposit merchandise, equivalent to checking, cash market checking, financial savings, passbook deposits, and particular person retirement accounts, in addition to certificates of deposit.Featured Story: price to Earnings Ratio (PE) Fundamentals
This prompt information alert was generated by narrative science know-how and monetary knowledge from MarketBeat as a way to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to [email protected]6 Stocks Driving the Coattails of Nikola MotorSince its preliminary public providing on June 4, shares of Nikola (NASDAQ: NKLA) have surged over 130%. NKLA stock has cooled down since then and is now buying and selling at simply over a 60% premium from its IPO price of $34 per share.
Nikola isn’t alone. All the electrical automobile (EV) market is on a tear. Along with the surge in Nikola stock, Tesla (NASDAQ: TSLA) stock is up over 93% and Nio (NYSE: NIO) stock has climbed almost over 160% in the identical time interval. However whereas Tesla and Nio are literally producing automobiles, Nikola doesn’t also have a plant constructed.
With all that stated, the attract of Nikola is straightforward to see. The corporate is planning on constructing a fleet of hydrogen gasoline cell vehicles powered by hydrogen fueling stations from sea to shining sea. No less than that’s the plan. However that plan is years away. The corporate received’t also have a gasoline cell truck out there till 2023 on the earliest.
And whereas america has 39 hydrogen fueling stations, it’s an costly, sophisticated enterprise. However that’s been the issue with hydrogen for almost twenty years. And that has some buyers questioning what the corporate’s chief government officer (CEO) Trevor Milton is de facto promoting.
Leaving apart the query of whether or not Nikola is driving the coattails of Tesla, Nikola is starting to create some vital coattails of its personal. And there’s a cause for this. Whereas Nikola is planning to compete with Tesla within the electrical automobile enviornment, it’s additionally masking a selected area of interest with a semi-truck that can run on a hydrogen gasoline cell.
View the “6 Stocks Driving the Coattails of Nikola Motor”.