Earnings Report: Here’s what to expect from First Republic Bank (NYSE:FRC)

Earnings results for First Republic Bank (NYSE:FRC)

FIRST REPUBLIC BANK is expected* to report earnings on 10/13/2021 before market open. The report will be for the fiscal Quarter ending Sep 2021. According to Zacks Investment Research, based on 8 analysts’ forecasts, the consensus EPS forecast for the quarter is $1.83. The reported EPS for the same quarter last year was $1.6099999999999999.

First Republic Bank last released its quarterly earnings results on July 12th, 2021. The bank reported $1.95 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.22. The business earned $1.23 billion during the quarter, compared to analyst estimates of $1.18 billion. First Republic Bank has generated $5.81 earnings per share over the last year ($6.95 diluted earnings per share) and currently has a price-to-earnings ratio of 29.1. Earnings for First Republic Bank are expected to grow by 5.77% in the coming year, from $7.45 to $7.88 per share. First Republic Bank has confirmed that its next quarterly earnings report will be published on Wednesday, October 13th, 2021. First Republic Bank will be holding an earnings conference call on Wednesday, October 13th at 10:00 AM Eastern. Interested parties can or dial in at 719-457-0820 with passcode “9610366 #”.

Analyst Opinion on First Republic Bank (NYSE:FRC)

According to the issued ratings of 10 analysts in the last year, the consensus rating for First Republic Bank stock is Hold based on the current 3 sell ratings, 3 hold ratings and 4 buy ratings for FRC. The average twelve-month price target for First Republic Bank is $185.64 with a high price target of $235.00 and a low price target of $100.00.

on FRC’s analyst rating history

First Republic Bank has received a consensus rating of Hold. The company’s average rating score is 2.10, and is based on 4 buy ratings, 3 hold ratings, and 3 sell ratings. According to analysts’ consensus price target of $185.64, First Republic Bank has a forecasted downside of 8.1% from its current price of $201.93. First Republic Bank has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Dividend Strength: First Republic Bank (NYSE:FRC)

First Republic Bank has a dividend yield of 0.43%, which is in the bottom 25% of all stocks that pay dividends. First Republic Bank has only been increasing its dividend for 1 years. The dividend payout ratio of First Republic Bank is 15.15%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, First Republic Bank will have a dividend payout ratio of 11.17% next year. This indicates that First Republic Bank will be able to sustain or increase its dividend.

Insiders buying/selling: First Republic Bank (NYSE:FRC)

In the past three months, First Republic Bank insiders have not sold or bought any company stock. 96.75% of the stock of First Republic Bank is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of First Republic Bank (NYSE:FRC

Earnings for First Republic Bank are expected to grow by 5.77% in the coming year, from $7.45 to $7.88 per share. The P/E ratio of First Republic Bank is 29.05, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.66. The P/E ratio of First Republic Bank is 29.05, which means that it is trading at a more expensive P/E ratio than the Finance sector average P/E ratio of about 14.48. First Republic Bank has a PEG Ratio of 1.58. PEG Ratios above 1 indicate that a company could be overvalued. First Republic Bank has a P/B Ratio of 3.41. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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