FRC stock: buy or sell?

FRC stock price: $113.75 -1.86% At close on January 24th, 2020

Updated on:
January 24th, 2020

3

FIRST REPUBLIC BANK closed on Jan/24 at $113.75 and eased a tragic -1.86%.

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?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Following a trading strategy helps to make decisions easier, quicker and with less hesitations. 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, hence 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 is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is FIRST REPUBLIC BANK stock a buy?

Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we detected 9 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

FRC stock analysis

Daily outlook

Shares of FIRST REPUBLIC BANK eased a tragic -1.86% and closed at $113.75.

FIRST REPUBLIC BANK eased a tragic -1.86% and closed at $113.75. Since SMA100d and SMA200d crossed up on December/16, FRC price slid a -0.98%. Since October when FRC stock price broke up the SMA200d line, it gained $16.74 (17.26%). On Jan/14, FRC hit a new all time high, pushing higher than on Dec 30th tops. Check different trading setups that use ATHs as triggers.

FRC stock chart (daily)

Weekly outlook

FIRST REPUBLIC BANK slipped a shocking -3.75% this week.

In a weekly time frame, FIRST REPUBLIC BANK stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, FRC might consolidate in a flat-base, waiting to break out over or down under . Not so far away is the last price record FIRST REPUBLIC BANK marked last week. Since SMA20d and SMA40w crossed up early December, FRC price climbed $1.22 per share (1.08%). Since price and SMA40w lines crossed up by mid October 2019, FRC climbed $16.62 (17.11%).

FRC stock chart (weekly)

FRC stock price history

FRC stock went public on December 9th, 2010 with a price of $21.321. Since then, FRC stock surged a 433.50%, with a yearly average of 48.20%. If you had invested $1,000 in FRC stock in 2010, it would worth $4,335.00 today.

1: Adjusted price after possible price splits or reverse-splits.

FRC stock historical price chart

FRC stock reached all-time highs on January 14th with a price of $122.34.

FRC stock price target is $107.90

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We detected 7 price targets for FIRST REPUBLIC BANK stock published in the last 30 days:
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%
(in average)$102.00$107.906.0%
Moving in a range from $115.00 and $98.00, the price prediction for FIRST REPUBLIC BANK stock is $107.90. In average, analysts' outlook on FRC price forecast is positive, increasing the forecast 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 . 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 amazing growth of 16.58% to $3,012.96 M dollars. Nonetheless, its profit margin (compared to revenues) stayed steady to 28.34%, that is $853.83 million.

FIRST REPUBLIC BANK fiscal year ends in December, and to evaluate 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 earnings $654.75 million dollars. When comparing this TTM figures with the last reported annuality, we can esteem FIRST REPUBLIC BANK business evolution since December 2018: Annual sales up to , compared to lastest yearly report, plunged a scary -23.71%. Regarding profit margin, FIRST REPUBLIC BANK stayed stable 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 reported M in revenues for 2019-Q1, a -100.00% decline compared to previous quarter. Reported quarter income marked million with a profit margin of . Profit margin stayed steady a 0.00% compared to previous quarter when profit margin was 28.89%. When comparing revenues to same quarter last year, FIRST REPUBLIC BANK sales marked a hair-raising loss and collapsed 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 a stock, it's worth to overview its ownership structure.

FIRST REPUBLIC BANK shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.96% of all shares.

Bearish positions for FRC stock account 0.00%, no big difference from last month.

For a better understanding, the following table shows ownership data compared to other related stocks:

FRC
Market cap$19.2 B
Total shares168.5 M
Float shares167.0 M
  - Institutional holdings (%)106.1%
  - Insider holdings (%)1.0%
Shares in short selling0.0%

FRC summary

Friday, January 24th, 2020
Open$115.79
Close$113.75
Day range$113.16 - $116.48
Previous close$115.91
Session gain-1.86%
Average true range$2.31
50d mov avg$113.93
100d mov avg$106.52
200d mov avg$102.14
Daily pattern
Weekly pattern lt06a

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. In the following table, we compare FIRST REPUBLIC BANK performance to :
Stock3m6m12m
FRC5.85%13.82%18.00%

FIRST REPUBLIC BANK competitors

Unfortunately, we could not find any public company that could be defined as FIRST REPUBLIC BANK competitor. This doesn't mean FIRST REPUBLIC BANK does not have any competitor in the market, it's just we could not detected it.