$1.15 EPS Expected for First Republic Bank (FRC)

June 20, 2018 - By Robert Crowder

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. Jefferies maintained the stock with “Hold” rating in Wednesday, April 18 report. RBC Capital Markets maintained First Republic Bank (NYSE:FRC) rating on Tuesday, January 16. RBC Capital Markets has “Hold” rating and $95.0 target. The firm has “Hold” rating by Sandler O’Neill given on Thursday, January 4. The stock has “Buy” rating by Maxim Group on Friday, April 13. The stock has “Hold” rating by Piper Jaffray on Tuesday, January 16. Maxim Group maintained the stock with “Buy” rating in Tuesday, January 16 report. As per Tuesday, January 16, the company rating was maintained by BMO Capital Markets. The firm earned “Hold” rating on Thursday, December 21 by Keefe Bruyette & Woods. The firm earned “Hold” rating on Tuesday, January 2 by Barclays Capital. As per Tuesday, January 16, the company rating was maintained by Jefferies.

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

First Republic Bank (NYSE:FRC) Ratings Chart

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