News stories about First Republic Bank (NYSE:FRC) have been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. First Republic Bank earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 46.5405188775976 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of First Republic Bank (NYSE FRC) traded down $0.77 during midday trading on Friday, reaching $90.22. 1,304,900 shares of the company traded hands, compared to its average volume of 979,239. The company has a market capitalization of $14,354.26, a price-to-earnings ratio of 21.46, a PEG ratio of 1.69 and a beta of 0.99. First Republic Bank has a fifty-two week low of $80.55 and a fifty-two 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.
First Republic Bank (NYSE:FRC) last issued its earnings results on Friday, October 13th. The bank reported $1.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.16 by ($0.02). The company had revenue of $670.30 million for 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 revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.00 earnings per share. equities analysts anticipate that First Republic Bank will post 4.37 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Thursday, October 26th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 0.75%. The ex-dividend date was Wednesday, October 25th. First Republic Bank’s dividend payout ratio is presently 16.04%.
Several equities analysts have issued reports on FRC shares. Zacks Investment Research cut shares of First Republic Bank from a “hold” rating to a “sell” rating in a research report on Monday, September 18th. Jefferies Group LLC restated a “buy” rating and issued a $109.00 price target on shares of First Republic Bank in a research report on Friday, September 15th. Piper Jaffray Companies restated a “hold” rating and issued a $99.00 price target on shares of First Republic Bank in a research report on Friday, September 1st. Raymond James Financial, Inc. decreased their price target on shares of First Republic Bank from $108.00 to $105.00 and set an “outperform” rating for the company in a research report on Monday, October 16th. Finally, BMO Capital Markets restated a “hold” rating and issued a $96.00 price target on shares of First Republic Bank in a research report on Sunday, July 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $102.93.
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About First Republic Bank
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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