FRC stock: buy or sell?
August 23rd, 2019
First Republic Bank, together with its subsidiaries, provides private banking, private business banking, real estate lending, and wealth management services to clients in metropolitan areas of the United States.
Should I buy FRC stock?Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. That's why is so important to define your own trading strategy that fits your character as inversor. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
None of our preferred buy setups matches with FIRST REPUBLIC BANK stock situation right now, therefore this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is FIRST REPUBLIC BANK stock a buy?
Financial institutions and banks post stock ratings everyday.At Stocks2.com, we gathered 14 ratings published for FRC stock in the last month.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-7-18||Credit Suisse Group||n/a||Neutral|
|2019-6-14||Credit Suisse Group||n/a||Neutral|
|2019-4-2||Wells Fargo & Co||Outperform||Outperform|
|2019-3-15||BMO Capital Markets||Market Perform||Market Perform|
|2019-2-5||Bank of America||Neutral||Neutral|
|2019-1-8||Morgan Stanley||Equal Weight||Equal Weight|
|2019-1-7||Raymond James||Outperform||Market Perform|
|2019-1-16||Wells Fargo & Co||n/a||Outperform|
|2019-1-10||Bank of America||Buy||Neutral|
FRC stock analysis
FIRST REPUBLIC BANK closed today at $89.07 and slipped a godawful -2.88%.
FIRST REPUBLIC BANK ended today at $89.07 and slipped a godawful -2.88%. In the last 22 days when FRC stock price broke down the SMA200d line, it slid $-10.29 per share (-10.36%). FRC marked a lower low and a lower high in the short term, defining a downward trend. Climbing above $95.55 would break this short term down trend and open possibilities for reversing this situation. Since SMA100d and SMA200d crossed up on April, FRC price slid a -13.37%. On April, FRC hit new all time highs, pushing higher previous ATH of $106.78 recorded on April. New ATHs are usual entry points for many trading setups as there aren't higher resistences.
FIRST REPUBLIC BANK slipped a fatal -3.25% this week. With this, it's been 4 red weeks in a row, sliding $-11.05 or a -11.41%.
After undercutting the previous support, price will slice down to find new supports. Far behind is the all-time high FIRST REPUBLIC BANK hit late April and since then the price is -17.18% below that top. Since late April when SMA20w and SMA40w crossed up, FRC price slipped $-14.16 per share (-13.72%).
FRC stock price history
FRC IPO was on December 9th, 2010 at $21.36 per share1. Since then, FRC stock grew a 317.00%, with a yearly average of 39.60%. If you had invested right after FRC's IPO a $1,000 in FRC stock in 2010, it would worth $3,170.00 today.
1: Adjusted price after possible price splits or reverse-splits.
FRC stock historical price chart
FRC stock reached all-time highs on April with a price of $107.54.
FRC stock price target is $106.90Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last 30 days we found 10 price targets for FRC stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-7-18||Credit Suisse Group||Reiterates||$105.00||$98.00||-6.7%|
|2019-6-14||Credit Suisse Group||Initiates||n/a||$105.00||-|
|2019-4-2||Wells Fargo & Co||Raises Target||$110.00||$112.00||1.8%|
|2019-3-15||BMO Capital Markets||Raises Target||$95.00||$111.00||16.8%|
|2019-2-5||Bank of America||Reiterates||$98.00||$104.00||6.1%|
|2019-1-8||Morgan Stanley||Lowers Target||$95.00||$94.00||-1.1%|
|2019-1-16||Wells Fargo & Co||Reiterates||$100.00||$110.00||10%|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince April, when FIRST REPUBLIC BANK posted its last earnings report, it collapsed a terrible -13.50%. Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual sales report draw an astounding gain of 16.58% to $3,012.96 M USD. When comparing 2018 vs 2017, in contrast, profit margin (that is, the net income divided by revenues) remained stable a -0.98% to 28.34%. FIRST REPUBLIC BANK fiscal year ends in December, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, FIRST REPUBLIC BANK TTM sales up to were $2,298.47 and income $654.75 M USD. When comparing this TTM figures with the last reported annuality, we can review FIRST REPUBLIC BANK business evolution since December 2018: Annual revenues up to , compared to lastest yearly report, collapsed a hair-raising -23.71%. Regarding profit margin, FIRST REPUBLIC BANK stayed steady 0.15% to 28.34%
|2014||$1,649 M||-||$487 M29.5%||-|
|2015||$1,822 M||10.51%||$522 M28.7%||7.22%|
|2016||$2,190 M||20.15%||$673 M30.8%||28.97%|
|2017||$2,584 M||18.03%||$758 M29.3%||12.51%|
|2018||$3,013 M||16.58%||$854 M28.3%||12.69%|
|TTM||$2,298 M||-23.71%||$655 M28.5%||-23.32%|
Quarterly financial resultsFIRST REPUBLIC BANK posted M in sales for 2019-Q1, a -100.00% decline compared to previous quarter. Reported quarter earnings marked M with a profit margin of . Profit margin stayed stable a 0.00% compared to previous quarter when profit margin was 28.89%. When comparing turnover to same quarter last year, FIRST REPUBLIC BANK sales marked a dreadful correction and plunged a -100.00%.
|2017-Q3||$664 M||-||$200 M30.1%||-|
|2017-Q4||$692 M||4.20%||$194 M28.1%||-2.87%|
|2018-Q1||$714 M||3.31%||$199 M27.9%||2.47%|
|2018-Q2||$736 M||3.05%||$210 M28.5%||5.37%|
|2018-Q3||$761 M||3.36%||$214 M28.1%||1.79%|
|2018-Q4||$801 M||5.25%||$231 M28.9%||8.37%|
FIRST REPUBLIC BANK ownershipWhen you are planning to invest in shares of a stock, it's always worth to review its ownership structure.
FIRST REPUBLIC BANK shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.98% of all shares.
Bearish positions for FRC stock account 0.00%, no big difference from last month.
The following table compares ownership indicators for other stocks related to FIRST REPUBLIC BANK:
|Market cap||$14.4 B||$251.8 B||$572.2 M||$2.6 B||$2.9 B|
|Total shares||162.0 M||9,510.0 M||13.6 M||80.4 M||140.0 M|
|Float shares||166.4 M||8,330.0 M||11.9 M||75.4 M||132.5 M|
|- Institutional holdings (%)||112.2%||70.4%||44.0%||73.9%||66.0%|
|- Insider holdings (%)||1.0%||0.1%||13.1%||5.7%||5.5%|
|Shares in short selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, August 23rd, 2019|
|Day range||$88.65 - $92.25|
|Average true range||$2.18|
|50d mov avg||$95.87|
|100d mov avg||$98.65|
|200d mov avg||$97.03|
FIRST REPUBLIC BANK performancePerformance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. We picked Bank of America, , , CVB Financial, East West Bancorp, SVB Financial and Umpqua as the bechmarking frame for FIRST REPUBLIC BANK stock.
|BACBank of America||-5.53%||-7.99%||-12.46%|
|EWBCEast West Bancorp||-15.62%||-29.92%||-38.57%|