First Republic Bank (FRC) Set to Announce Quarterly Earnings on Tuesday
First Republic Bank (NYSE:FRC) will be announcing its Q313 earnings results on Tuesday, October 15th. Analysts expect the company to announce earnings of $0.76 per share and revenue of $319.20 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
First Republic Bank (NYSE:FRC) last released its earnings data on Wednesday, July 17th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.74 by $0.03. During the same quarter in the prior year, the company posted $0.60 earnings per share. On average, analysts expect First Republic Bank to post $3.14 EPS for the current fiscal year and $3.16 EPS for the next fiscal year.
Shares of First Republic Bank (NYSE:FRC) opened at 47.64 on Monday. First Republic Bank has a 52-week low of $31.42 and a 52-week high of $47.65. The stock’s 50-day moving average is $45.98 and its 200-day moving average is $41.35. The company has a market cap of $6.283 billion and a price-to-earnings ratio of 15.16.
FRC has been the subject of a number of recent research reports. Analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of First Republic Bank in a research note to investors on Tuesday, October 8th. They now have a $52.00 price target on the stock. On the ratings front, analysts at Raymond James raised their price target on shares of First Republic Bank from $45.00 to $51.00 in a research note to investors on Tuesday, October 8th. They now have an “outperform” rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of First Republic Bank from $47.00 to $51.00 in a research note to investors on Tuesday, October 8th. They now have an “overweight” rating on the stock. Five equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $46.58.
First Republic Bank is a full-service bank and wealth management firm. First Republic Bank and its subsidiaries provide private banking, private business banking and private wealth management, including investment, trust and brokerage services.
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