Somewhat Positive Press Coverage Somewhat Unlikely to Affect First Republic Bank (FRC) Stock Price
Media coverage about First Republic Bank (NYSE:FRC) has been trending somewhat positive recently, according to Accern Sentiment. The research group identifies negative and positive news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. First Republic Bank earned a daily sentiment score of 0.21 on Accern’s scale. Accern also gave press coverage about the bank an impact score of 46.5045134698256 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern’s rankings:
- Zacks: Brokerages Expect First Republic Bank (FRC) Will Announce Earnings of $1.24 Per Share (americanbankingnews.com)
- How First Republic Bank (FRC) Stock Stands Out in a Strong Industry (zacks.com)
- ETFs with exposure to First Republic Bank, Inc. : January 1, 2018 (finance.yahoo.com)
- First Republic Bank Sees Unusually High Options Volume (FRC) (americanbankingnews.com)
- First Republic Bank Announces Fourth Quarter and Full Year 2017 Earnings and Conference Call Date – Business Wire (press release) (businesswire.com)
A number of research analysts have weighed in on the company. BMO Capital Markets lowered their target price on First Republic Bank from $96.00 to $92.00 and set a “market perform” rating on the stock in a report on Monday, October 16th. Royal Bank of Canada reissued a “hold” rating on shares of First Republic Bank 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. Jefferies Group reissued a “buy” rating and issued a $111.00 target price on shares of First Republic Bank in a report on Thursday, October 19th. Finally, Zacks Investment Research downgraded First Republic Bank from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $103.00.
First Republic Bank (NYSE:FRC) traded up $2.85 during midday trading on Wednesday, hitting $87.81. The stock had a trading volume of 2,167,732 shares, compared to its average volume of 2,112,400. The company has a debt-to-equity ratio of 1.55, a current ratio of 0.95 and a quick ratio of 0.94. First Republic Bank has a 1 year low of $84.56 and a 1 year high of $105.52. The company has a market capitalization of $13,810.00, a P/E ratio of 20.71, a P/E/G ratio of 1.41 and a beta of 0.96.
First Republic Bank (NYSE:FRC) last posted its quarterly earnings data on Friday, October 13th. The bank reported $1.14 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $678.25 million. During the same period last year, the business earned $1.00 EPS. The firm’s quarterly revenue was up 20.1% compared to the same quarter last year. analysts forecast that First Republic Bank will post 4.44 EPS for the current fiscal year.
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First Republic Bank Company Profile
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.
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