First Republic Bank (FRC) EPS Estimated At $1.17

September 17, 2017 - By reb123z

 First Republic Bank (FRC) EPS Estimated At $1.17

Analysts await First Republic Bank (NYSE:FRC) to report earnings on October, 12. They expect $1.17 EPS, up 17.00 % or $0.17 from last year’s $1 per share. FRC’s profit will be $184.05M for 20.62 P/E if the $1.17 EPS becomes a reality. After $1.06 actual EPS reported by First Republic Bank for the previous quarter, Wall Street now forecasts 10.38 % EPS growth. The stock increased 0.79% or $0.76 on September 15, reaching $96.5. About 1.30 million shares traded or 133.62% up from the average. First Republic Bank (NYSE:FRC) has risen 29.07% since September 17, 2016 and is uptrending. It has outperformed by 12.37% the S&P500.

First Republic Bank (NYSE:FRC) Ratings Coverage

Among 17 analysts covering First Republic Bank (NYSE:FRC), 9 have Buy rating, 0 Sell and 8 Hold. Therefore 53% are positive. First Republic Bank had 46 analyst reports since October 6, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Friday, July 7 by BMO Capital Markets. The stock of First Republic Bank (NYSE:FRC) earned “Outperform” rating by Raymond James on Wednesday, November 11. Maxim Group maintained First Republic Bank (NYSE:FRC) rating on Monday, December 19. Maxim Group has “Buy” rating and $100 target. Jefferies maintained it with “Buy” rating and $10900 target in Friday, August 11 report. The stock has “Buy” rating by Maxim Group on Friday, October 14. The company was maintained on Monday, April 3 by Jefferies. The firm earned “Buy” rating on Monday, February 22 by Jefferies. Barclays Capital maintained the stock with “Overweight” rating in Thursday, August 11 report. The rating was maintained by FBR Capital with “Outperform” on Tuesday, January 17. The firm has “Hold” rating given on Friday, July 14 by RBC Capital Markets.

First Republic Bank is a commercial bank and trust company. The company has market cap of $15.18 billion. 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. It has a 23.57 P/E ratio. It operates through two divisions: Commercial Banking and Wealth Management.

More notable recent First Republic Bank (NYSE:FRC) news were published by: Businesswire.com which released: “Two Wealth Managers from UBS Join First Republic” on September 11, 2017, also Businesswire.com with their article: “First Republic Bank To Present at the Barclays Global Financial Services …” published on August 28, 2017, Seekingalpha.com published: “First Republic Bank’s Stock May Be Too Rich For The Market To Handle” on August 21, 2017. More interesting news about First Republic Bank (NYSE:FRC) were released by: Businesswire.com and their article: “First Republic Bank Declares Dividends on Six Series of Perpetual Preferred …” published on September 01, 2017 as well as Seekingalpha.com‘s news article titled: “First Republic Bank: What’s Driving The Surge In The Stock” with publication date: August 10, 2017.

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