$1.15 EPS Expected for First Republic Bank (FRC)

June 14, 2018 - By Henry Gaston

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 $186.28M giving it 21.71 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 decreased 0.14% or $0.14 during the last trading session, reaching $99.88. About 333,435 shares traded. First Republic Bank (NYSE:FRC) has risen 7.17% since June 14, 2017 and is uptrending. It has underperformed by 5.40% the S&P500.

First Republic Bank (NYSE:FRC) Ratings Coverage

Among 10 analysts covering First Republic Bank (NYSE:FRC), 3 have Buy rating, 0 Sell and 7 Hold. Therefore 30% are positive. First Republic Bank had 24 analyst reports since December 15, 2017 according to SRatingsIntel. The rating was maintained by Jefferies with “Hold” on Tuesday, January 16. RBC Capital Markets maintained First Republic Bank (NYSE:FRC) rating on Tuesday, January 16. RBC Capital Markets has “Hold” rating and $95.0 target. Barclays Capital maintained the shares of FRC in report on Tuesday, January 2 with “Hold” rating. The rating was maintained by Piper Jaffray with “Hold” on Tuesday, January 16. The firm earned “Hold” rating on Tuesday, January 16 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, December 21 report. The stock of First Republic Bank (NYSE:FRC) earned “Hold” rating by BMO Capital Markets on Tuesday, January 16. The firm has “Hold” rating by Sandler O’Neill given on Thursday, January 4. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Monday, February 26 report. On Friday, December 15 the stock rating was downgraded by Jefferies to “Hold”.

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 $16.18 billion. It operates through two divisions, Commercial Banking and Wealth Management. It has a 22.55 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 news for First Republic Bank (NYSE:FRC) were recently published by: Globenewswire.com, which released: “Report: Developing Opportunities within Cimarex Energy, MSCI, Prestige Brand, MGM Resorts International, Discover …” on June 12, 2018. Bizjournals.com‘s article titled: “Inside First Republic Bank’s culture of success” and published on May 17, 2018 is yet another important article.

First Republic Bank (NYSE:FRC) Ratings Chart

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