$1.15 EPS Expected for First Republic Bank (FRC)

June 20, 2018 - By Louis Casey

First Republic Bank (NYSE:FRC) Logo

Analysts expect First Republic Bank (NYSE:FRC) to report $1.15 EPS on July, 13.They anticipate $0.09 EPS change or 8.49 % from last quarter’s $1.06 EPS. FRC’s profit would be $186.28 million giving it 21.95 P/E if the $1.15 EPS is correct. After having $1.13 EPS previously, First Republic Bank’s analysts see 1.77 % EPS growth. The stock increased 0.31% or $0.31 during the last trading session, reaching $100.98. About 268,581 shares traded. First Republic Bank (NYSE:FRC) has risen 7.17% since June 20, 2017 and is uptrending. It has underperformed by 5.40% the S&P500.

First Republic Bank (NYSE:FRC) Ratings Coverage

Among 11 analysts covering First Republic Bank (NYSE:FRC), 4 have Buy rating, 0 Sell and 7 Hold. Therefore 36% are positive. First Republic Bank had 23 analyst reports since December 21, 2017 according to SRatingsIntel. Keefe Bruyette & Woods maintained the shares of FRC in report on Wednesday, April 4 with “Hold” rating. The stock of First Republic Bank (NYSE:FRC) has “Hold” rating given on Wednesday, April 18 by Jefferies. The company was maintained on Friday, April 13 by Maxim Group. Barclays Capital upgraded the shares of FRC in report on Tuesday, March 6 to “Overweight” rating. The rating was maintained by Sandler O’Neill on Thursday, January 4 with “Hold”. Keefe Bruyette & Woods maintained First Republic Bank (NYSE:FRC) rating on Thursday, December 21. Keefe Bruyette & Woods has “Hold” rating and $98.0 target. As per Friday, April 13, the company rating was maintained by RBC Capital Markets. The rating was maintained by Piper Jaffray on Tuesday, January 16 with “Hold”. RBC Capital Markets maintained the shares of FRC in report on Tuesday, January 16 with “Hold” rating. The firm has “Hold” rating by Sandler O’Neill given on Thursday, March 29.

First Republic Bank, together with its subsidiaries, provides private banking, private business banking, real estate lending, and wealth management services to clients in metropolitan areas of the United States. The company has market cap of $16.36 billion. It operates through two divisions, Commercial Banking and Wealth Management. It has a 22.8 P/E ratio. The firm offers deposit products, such as checking, money market checking, savings, and passbook deposits, as well as certificates of deposit.

More notable recent First Republic Bank (NYSE:FRC) news were published by: Seekingalpha.com which released: “First Republic Bank: This 5.50% Preferred Stock Has Begun Trading On The NYSE” on June 13, 2018, also Benzinga.com with their article: “Benzinga’s Top Upgrades, Downgrades For June 18, 2018” published on June 18, 2018, Globenewswire.com published: “Report: Developing Opportunities within Cimarex Energy, MSCI, Prestige Brand, MGM Resorts International, Discover …” on June 12, 2018. More interesting news about First Republic Bank (NYSE:FRC) were released by: Streetinsider.com and their article: “Citi Starts First Republic Bank (FRC) at Buy” published on June 18, 2018 as well as Seekingalpha.com‘s news article titled: “First Republic reports pricing of $300M preferred stock offering” with publication date: June 05, 2018.

First Republic Bank (NYSE:FRC) Ratings Chart

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