First Republic Bank (FRC) to Release Earnings on Tuesday

First Republic Bank (NYSE:FRC) is set to post its quarterly earnings results before the market opens on Tuesday, January 16th. Analysts expect First Republic Bank to post earnings of $1.24 per share for the quarter.

First Republic Bank (NYSE:FRC) last posted its quarterly earnings data on Friday, October 13th. The bank reported $1.14 earnings per share for the quarter, missing analysts’ consensus estimates of $1.16 by ($0.02). First Republic Bank had a return on equity of 12.06% and a net margin of 26.85%. The company had revenue of $670.30 million for the quarter, compared to analysts’ expectations of $678.25 million. During the same period in the prior year, the company posted $1.00 EPS. The firm’s revenue was up 20.1% compared to the same quarter last year. On average, analysts expect First Republic Bank to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Shares of First Republic Bank (FRC) opened at $88.33 on Tuesday. First Republic Bank has a 12-month low of $84.56 and a 12-month 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. The firm has a market capitalization of $13,890.00, a price-to-earnings ratio of 20.83, a PEG ratio of 1.43 and a beta of 0.96.

A number of analysts have recently weighed in on the company. Piper Jaffray Companies set a $99.00 price objective on First Republic Bank and gave the stock a “hold” rating in a research report on Sunday, October 15th. Jefferies Group increased their target price on First Republic Bank from $109.00 to $120.00 and gave the company a “buy” rating in a report on Friday, September 29th. Barclays increased their target price on First Republic Bank from $98.00 to $101.00 and gave the company an “equal weight” rating in a report on Tuesday, January 2nd. Maxim Group reissued a “buy” rating and issued a $110.00 target price on shares of First Republic Bank in a report on Thursday, January 4th. Finally, Wells Fargo & Co dropped their target price on First Republic Bank from $100.00 to $95.00 and set a “market perform” rating on the stock in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company’s stock. First Republic Bank has an average rating of “Hold” and an average target price of $103.00.

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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.

Earnings History for First Republic Bank (NYSE:FRC)

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