First Republic Bank (FRC) to Release Earnings on Friday
First Republic Bank (NYSE:FRC) will be releasing its earnings data before the market opens on Friday, October 13th. Analysts expect First Republic Bank to post earnings of $1.17 per share for the quarter.
First Republic Bank (NYSE:FRC) last released its quarterly earnings data on Friday, July 14th. The bank reported $1.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.03). First Republic Bank had a net margin of 27.37% and a return on equity of 12.16%. The company had revenue of $641.30 million during the quarter, compared to analyst estimates of $671.27 million. During the same quarter in the prior year, the firm earned $0.97 earnings per share. First Republic Bank’s revenue for the quarter was up 19.8% on a year-over-year basis. On average, analysts expect First Republic Bank to post $4.46 EPS for the current fiscal year and $5.30 EPS for the next fiscal year.
First Republic Bank (FRC) opened at 104.53 on Friday. First Republic Bank has a 12-month low of $72.40 and a 12-month high of $105.52. The firm has a market capitalization of $16.49 billion, a P/E ratio of 25.50 and a beta of 1.01. The firm has a 50 day moving average of $98.61 and a 200 day moving average of $96.80.
A number of research firms have recently commented on FRC. Jefferies Group LLC lifted their target price on First Republic Bank from $109.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, September 29th. BidaskClub cut First Republic Bank from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Royal Bank Of Canada restated a “hold” rating on shares of First Republic Bank in a research note on Friday, September 29th. Maxim Group restated a “buy” rating and issued a $110.00 price objective (up from $105.00) on shares of First Republic Bank in a research note on Friday, July 14th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $99.00 price objective on shares of First Republic Bank in a research note on Friday, July 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $105.42.
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.
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