Equities analysts expect First Republic Bank (NYSE:FRC) to post sales of $717.97 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have made estimates for First Republic Bank’s earnings. The highest sales estimate is $749.00 million and the lowest is $678.44 million. First Republic Bank reported sales of $599.46 million during the same quarter last year, which indicates a positive year-over-year growth rate of 19.8%. The company is expected to announce its next quarterly earnings results before the market opens on Tuesday, January 16th.

On average, analysts expect that First Republic Bank will report full-year sales of $717.97 million for the current financial year, with estimates ranging from $2.59 billion to $2.82 billion. For the next financial year, analysts anticipate that the firm will report sales of $3.10 billion per share, with estimates ranging from $2.96 billion to $3.27 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that follow First Republic Bank.

First Republic Bank (NYSE:FRC) last posted its quarterly earnings data on Friday, October 13th. The bank reported $1.14 EPS for the quarter, missing the Zacks’ consensus estimate of $1.16 by ($0.02). The firm had revenue of $670.30 million during the quarter, compared to the consensus estimate of $678.25 million. First Republic Bank had a return on equity of 12.06% and a net margin of 26.85%. The firm’s quarterly revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.00 EPS.

Several analysts have recently issued reports on the company. Barclays downgraded First Republic Bank from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $108.00 to $104.00 in a research note on Tuesday, October 10th. Royal Bank of Canada restated a “hold” rating on shares of First Republic Bank in a research note on Friday, September 29th. Jefferies Group increased their target price on First Republic Bank from $109.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, September 29th. Zacks Investment Research downgraded First Republic Bank from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Finally, Raymond James Financial decreased their target price on First Republic Bank from $108.00 to $105.00 and set an “outperform” rating for the company in a research note on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $103.00.

Shares of First Republic Bank (NYSE FRC) opened at $88.47 on Friday. The stock has a market capitalization of $13,852.60, a PE ratio of 20.87, a PEG ratio of 1.42 and a beta of 0.96. First Republic Bank has a 52 week low of $84.56 and a 52 week high of $105.52. The company has a debt-to-equity ratio of 1.55, a quick ratio of 0.94 and a current ratio of 0.95.

Several institutional investors and hedge funds have recently modified their holdings of FRC. Zions Bancorporation bought a new position in First Republic Bank in the 3rd quarter valued at $160,000. Cambridge Investment Research Advisors Inc. bought a new position in First Republic Bank in the 3rd quarter valued at $209,000. Mawer Investment Management Ltd. bought a new position in First Republic Bank in the 3rd quarter valued at $209,000. Brookmont Capital Management bought a new position in First Republic Bank in the 3rd quarter valued at $210,000. Finally, Toronto Dominion Bank boosted its position in First Republic Bank by 8.9% in the 2nd quarter. Toronto Dominion Bank now owns 2,117 shares of the bank’s stock valued at $212,000 after buying an additional 173 shares during the last quarter. 98.75% of the stock is owned by institutional investors and hedge funds.

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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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Earnings History and Estimates for First Republic Bank (NYSE:FRC)

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