First Republic Bank [FRC] Revenue clocked in at $3.80 billion, up 4.96% YTD: What’s Next?

First Republic Bank [NYSE: FRC] closed the trading session at $123.27 on 11/04/20. The day’s price range saw the stock hit a low of $123.01, while the highest price level was $127.355. The company report on October 27, 2020 that First Republic Bank to Present at Upcoming November Investor Conferences.

First Republic Bank (NYSE:FRC), a leading private bank and wealth management company, announced it will present at the following upcoming investor conferences:.

BancAnalysts Association of Boston Conference to be held virtually. Mike Selfridge, Chief Banking Officer, and Olga Tsokova, Chief Accounting Officer, will present at the conference at 4:20 p.m. ET on Thursday, November 5, 2020.

The stocks have a year to date performance of 4.96 percent and weekly performance of -0.43 percent. The stock has been moved at 21.00 percent over the last six months. The stock has performed 3.77 percent around the most recent 30 days and changed 8.18 percent over the most recent 3-months.

If compared to the average trading volume of 742.95K shares, FRC reached to a volume of 1539188 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about First Republic Bank [FRC]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FRC shares is $128.41 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FRC stock is a recommendation set at 2.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Piper Sandler have made an estimate for First Republic Bank shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 17, 2020. The new note on the price target was released on July 31, 2020, representing the official price target for First Republic Bank stock. Previously, the target price had yet another raise to $95, while Atlantic Equities analysts kept a Neutral rating on FRC stock.

The Average True Range (ATR) for First Republic Bank is set at 3.44, with the Price to Sales ratio for FRC stock in the period of the last 12 months amounting to 5.54. The Price to Book ratio for the last quarter was 2.24, with the Price to Cash per share for the same quarter was set at 24.74. Price to Free Cash Flow for FRC in the course of the last twelve months was 33.63.

FRC stock trade performance evaluation

First Republic Bank [FRC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.43. With this latest performance, FRC shares gained by 3.77% in over the last four-week period, additionally plugging by 21.00% over the last 6 months – not to mention a rise of 12.26% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FRC stock in for the last two-week period is set at 50.33, with the RSI for the last a single of trading hit 44.86, and the three-weeks RSI is set at 53.34 for First Republic Bank [FRC]. The present Moving Average for the last 50 days of trading for this stock 116.67, while it was recorded at 126.18 for the last single week of trading, and 108.00 for the last 200 days.

First Republic Bank [FRC]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and First Republic Bank [FRC] shares currently have an operating margin of +26.70. First Republic Bank’s Net Margin is presently recorded at +22.39.

Return on Total Capital for FRC is now 5.02, given the latest momentum, and Return on Invested Capital for the company is 5.23. Return on Equity for this stock inclined to 10.04, with Return on Assets sitting at 0.86. When it comes to the capital structure of this company, First Republic Bank [FRC] has a Total Debt to Total Equity ratio set at 154.35. Additionally, FRC Total Debt to Total Capital is recorded at 60.68, with Total Debt to Total Assets ending up at 13.03. Long-Term Debt to Equity for the company is recorded at 117.38, with the Long-Term Debt to Total Capital now at 40.79.

Earnings per share (EPS) analysis for First Republic Bank [FRC] stock

With the latest financial reports released by the company, First Republic Bank posted 1.39/share EPS, while the average EPS was predicted by analysts to be reported at 1.27/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 9.40%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FRC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for First Republic Bank go to 8.87%.

First Republic Bank [FRC]: Insider Ownership positions

There are presently around $21,517 million, in the hands of institutional investors. The top three institutional holders of FRC stocks are: VANGUARD GROUP INC with ownership of 18,892,177, which is approximately 0.055% of the company’s market cap and around 0.40% of the total institutional ownership; BLACKROCK INC., holding 11,138,890 shares of the stock with an approximate value of $1.44 billion in FRC stocks shares; and STATE STREET CORP, currently with $1.18 billion in FRC stock with ownership of nearly -1.911% of the company’s market capitalization.

Positions in First Republic Bank stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 297 institutional holders increased their position in First Republic Bank [NYSE:FRC] by around 8,758,435 shares. Additionally, 265 investors decreased positions by around 12,020,351 shares, while 64 investors held positions by with 145,893,100 shares. The mentioned changes placed institutional holdings at 166,671,886 shares, according to the latest SEC report filing. FRC stock had 69 new institutional investments in for a total of 1,225,319 shares, while 50 institutional investors sold positions of 1,048,121 shares during the same period.

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