First Republic Bank (FRC) to Release Quarterly Earnings on Tuesday

First Republic Bank (NYSE:FRC) is scheduled to be releasing its earnings data 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 results on Friday, October 13th. The bank reported $1.14 EPS 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 business had revenue of $670.30 million for the quarter, compared to the consensus estimate of $678.25 million. During the same quarter in the previous year, the business posted $1.00 EPS. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. On average, analysts expect First Republic Bank to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

First Republic Bank (FRC) opened at $91.06 on Friday. First Republic Bank has a 1-year low of $84.56 and a 1-year high of $105.52. The company has a current ratio of 0.95, a quick ratio of 0.94 and a debt-to-equity ratio of 1.55. The company has a market capitalization of $14,320.00, a PE ratio of 21.48, a P/E/G ratio of 1.45 and a beta of 0.96.

A number of research firms recently commented on FRC. Barclays cut First Republic Bank from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $108.00 to $104.00 in a report on Tuesday, October 10th. Royal Bank of Canada reiterated a “hold” rating on shares of First Republic Bank in a report on Friday, September 29th. Jefferies Group lifted their price target on First Republic Bank from $109.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, September 29th. Zacks Investment Research cut First Republic Bank from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Finally, Raymond James Financial reduced their price target on First Republic Bank from $108.00 to $105.00 and set an “outperform” rating for the company in a report on Monday, October 16th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus 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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