FRC stock: buy or sell?

FRC stock price: $89.07 -2.88% At close on August 23rd, 2019

Updated on:
August 23rd, 2019

2

Shares of FIRST REPUBLIC BANK closed today at $89.07 and slipped a godawful -2.88%.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean FRC will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

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.

Is FRC a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-7-8Raymond Jamesn/aHold
2019-7-18Credit Suisse Groupn/aNeutral
2019-7-17Maxim Groupn/aBuy
2019-6-14Credit Suisse Groupn/aNeutral
2019-4-2Wells Fargo & CoOutperformOutperform
2019-3-21Stephensn/aBuy
2019-3-15BMO Capital MarketsMarket PerformMarket Perform
2019-3-1Atlantic SecuritiesOverweightNeutral
2019-2-5Bank of AmericaNeutralNeutral
2019-1-8Morgan StanleyEqual WeightEqual Weight
2019-1-7Raymond JamesOutperformMarket Perform
2019-1-16Wells Fargo & Con/aOutperform
2019-1-15Maxim Groupn/aBuy
2019-1-10Bank of AmericaBuyNeutral

FRC stock analysis

Daily outlook

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.

FRC stock chart (daily)

Weekly outlook

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 chart (weekly)

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 $106.90

Predicting 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:
FRC stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-7-18Credit Suisse GroupReiterates$105.00$98.00-6.7%
2019-7-17Maxim GroupReiteratesn/a$110.00-
2019-6-14Credit Suisse GroupInitiatesn/a$105.00-
2019-4-2Wells Fargo & CoRaises Target$110.00$112.001.8%
2019-3-21StephensReiteratesn/a$115.00-
2019-3-15BMO Capital MarketsRaises Target$95.00$111.0016.8%
2019-2-5Bank of AmericaReiterates$98.00$104.006.1%
2019-1-8Morgan StanleyLowers Target$95.00$94.00-1.1%
2019-1-16Wells Fargo & CoReiterates$100.00$110.0010%
2019-1-15Maxim GroupReiteratesn/a$110.00-
(in average)$100.50$106.906.0%
Moving in a range from $115.00 and $94.00, the price target for FIRST REPUBLIC BANK stock is $106.90. In average, analysts' outlook on FRC price forecast is positive, increasing the target by a 6.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since 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.
FRC earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a1.01n/a
2017-Q2-n/a1.06n/a
2017-Q32017-10-131.151.14-0.9%
2017-Q42018-01-161.331.340.8%
2018-Q12018-04-131.061.136.6%
2018-Q22018-07-131.151.24.3%
2018-Q32018-10-121.21.19-0.8%
2018-Q42019-01-151.241.294.0%
2019-Q12019-04-111.22n/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared 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%

FRC annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2014$1,649 M-$487 M29.5%-
2015$1,822 M10.51%$522 M28.7%7.22%
2016$2,190 M20.15%$673 M30.8%28.97%
2017$2,584 M18.03%$758 M29.3%12.51%
2018$3,013 M16.58%$854 M28.3%12.69%
TTM $2,298 M-23.71%$655 M28.5%-23.32%

Quarterly financial results

FIRST 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%.
FRC quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q3$664 M-$200 M30.1%-
2017-Q4$692 M4.20%$194 M28.1%-2.87%
2018-Q1$714 M3.31%$199 M27.9%2.47%
2018-Q2$736 M3.05%$210 M28.5%5.37%
2018-Q3$761 M3.36%$214 M28.1%1.79%
2018-Q4$801 M5.25%$231 M28.9%8.37%

FIRST REPUBLIC BANK ownership

When 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:

FRCBACBMRCCATYCVBF
Market cap$14.4 B$251.8 B$572.2 M$2.6 B$2.9 B
Total shares162.0 M9,510.0 M13.6 M80.4 M140.0 M
Float shares166.4 M8,330.0 M11.9 M75.4 M132.5 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 selling0.0%0.0%0.0%0.0%0.0%

FRC summary

Friday, August 23rd, 2019
Open$91.28
Close$89.07
Day range$88.65 - $92.25
Previous close$91.71
Session gain-2.88%
Average true range$2.18
50d mov avg$95.87
100d mov avg$98.65
200d mov avg$97.03
Daily patternlb06a
Weekly pattern lt02c

FIRST REPUBLIC BANK performance

Performance 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.
Stock3m6m12m
FRC-11.21%-13.76%-13.86%
BACBank of America-5.53%-7.99%-12.46%
BMRC0.36%-5.13%-4.33%
CATY-7.29%-16.59%-21.37%
CVBFCVB Financial-0.81%-7.90%-12.92%
EWBCEast West Bancorp-15.62%-29.92%-38.57%
SIVBSVB Financial-16.54%-23.75%-42.59%
UMPQUmpqua-6.89%-14.89%-25.85%

FIRST REPUBLIC BANK competitors

We selected a few stocks to conform a list of FIRST REPUBLIC BANK competitors to examine if you are interested in investing in FRC: