First Republic Bank (NYSE:FRC) – Equities researchers at Jefferies Monetary Group reduce their Q3 2020 earnings estimates for First Republic Bank in a analysis be aware issued to traders on Thursday, October eighth. Jefferies Monetary Group analyst C. Haire now expects that the bank will put up earnings of $1.35 per share for the quarter, down from their prior estimate of $1.36. Jefferies Monetary Group additionally issued estimates for First Republic Bank’s This autumn 2020 earnings at $1.43 EPS, FY2020 earnings at $5.38 EPS, Q2 2021 earnings at $1.38 EPS, Q3 2021 earnings at $1.45 EPS, This autumn 2021 earnings at $1.41 EPS, FY2021 earnings at $5.69 EPS and FY2022 earnings at $6.11 EPS.
Plenty of different brokerages have additionally not too long ago commented on FRC. JPMorgan Chase & Co. elevated their goal price on shares of First Republic Bank from $125.00 to $139.00 and gave the corporate an “chubby” score in a analysis report on Wednesday, July 15th. Citigroup upped their price goal on shares of First Republic Bank from $100.00 to $111.00 and gave the corporate a “impartial” score in a analysis be aware on Thursday, June 18th. Bank of America raised their goal price on shares of First Republic Bank from $139.00 to $140.00 and gave the stock a “purchase” score in a analysis be aware on Friday, July 10th. Barclays upped their price goal on First Republic Bank from $111.00 to $120.00 and gave the corporate an “equal weight” score in a analysis report on Wednesday, July 15th. Lastly, Wolfe Analysis assumed protection on First Republic Bank in a analysis report on Friday, July 31st. They set an “outperform” score on the stock. One analysis analyst has rated the stock with a promote score, 9 have assigned a maintain score and eight have issued a purchase score to the stock. First Republic Bank presently has a consensus score of “Maintain” and a consensus price goal of $113.76.
Shares of FRC stock opened at $123.72 on Monday. First Republic Bank has a fifty-two week low of $70.06 and a fifty-two week excessive of $125.12. 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 stock’s fifty day transferring common is $111.14 and its two-hundred day transferring common is $105.69. The agency has a market capitalization of $21.29 billion, a P/E ratio of 23.34, a PEG ratio of two.59 and a beta of 1.16. First Republic Bank (NYSE:FRC) final introduced its earnings outcomes on Tuesday, July 14th. The bank reported $1.40 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.23. First Republic Bank had a return on fairness of 10.68% and a internet margin of 22.03%. The enterprise had income of $943.40 million in the course of the quarter, in comparison with analysts’ expectations of $937.90 million. Throughout the identical quarter within the prior yr, the agency earned $1.24 earnings per share. The enterprise’s income was up 6.5% in comparison with the identical quarter final yr.
Institutional traders have not too long ago added to or lowered their stakes within the firm. Capital World Traders lifted its stake in First Republic Bank by 2.1% in the course of the first quarter. Capital World Traders now owns 4,989,693 shares of the bank’s stock worth $410,552,00Zero after buying an extra 100,902 shares within the final quarter. Royal Bank of Canada boosted its holdings in First Republic Bank by 15.2% in the course of the 1st quarter. Royal Bank of Canada now owns 4,486,593 shares of the bank’s stock valued at $369,158,00Zero after buying an extra 593,575 shares in the course of the interval. Canada Pension Plan Funding Board grew its place in First Republic Bank by 53.7% within the 2nd quarter. Canada Pension Plan Funding Board now owns 3,020,363 shares of the bank’s stock valued at $320,128,00Zero after buying an extra 1,054,879 shares within the final quarter. Geode Capital Administration LLC grew its place in First Republic Bank by 4.8% within the 1st quarter. Geode Capital Administration LLC now owns 2,810,221 shares of the bank’s stock valued at $230,804,00Zero after buying an extra 128,322 shares within the final quarter. Lastly, Ensign Peak Advisors Inc elevated its stake in First Republic Bank by 12.9% in the course of the second quarter. Ensign Peak Advisors Inc now owns 2,686,844 shares of the bank’s stock worth $284,778,00Zero after buying an extra 307,383 shares in the course of the interval. 95.70% of the stock is presently owned by institutional traders and hedge funds.
First Republic Bank Firm Profile
First Republic Bank, along with its subsidiaries, gives non-public banking, non-public enterprise banking, actual property lending, and wealth administration companies to shoppers in metropolitan areas in the USA. It operates by means of two segments, Industrial Banking and Wealth Administration. The corporate presents deposit merchandise, reminiscent of checking, cash market checking, financial savings, passbook deposits, and particular person retirement accounts, in addition to certificates of deposit.
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