First Republic Bank (FRC) Getting Somewhat Positive Media Coverage, Analysis Finds
Press coverage about First Republic Bank (NYSE:FRC) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. First Republic Bank earned a coverage optimism score of 0.23 on Accern’s scale. Accern also gave news stories about the bank an impact score of 47.5862000008973 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- First Republic Bank Declares Dividends on Six Series of Perpetual Preferred Stock for Fourth Quarter 2017 – Business Wire (press release) (businesswire.com)
- First Republic Bank: First Republic Bank Declares Dividends on Six Series of Perpetual Preferred Stock for Fourth Quarter 2017 (twst.com)
- FY2017 EPS Estimates for First Republic Bank Boosted by FIG Partners (FRC) (americanbankingnews.com)
- First Republic Bank to Post Q1 2019 Earnings of $1.42 Per Share, FIG Partners Forecasts (FRC) (americanbankingnews.com)
Shares of First Republic Bank (NYSE:FRC) traded down $0.89 during trading hours on Wednesday, hitting $92.91. 1,501,067 shares of the company were exchanged, compared to its average volume of 988,185. The company has a quick ratio of 0.94, a current ratio of 0.95 and a debt-to-equity ratio of 1.55. The stock has a market cap of $14,640.00, a P/E ratio of 22.60, a P/E/G ratio of 1.78 and a beta of 0.96. First Republic Bank has a 52 week low of $85.70 and a 52 week high of $105.52.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Thursday, October 26th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date was Wednesday, October 25th. First Republic Bank’s dividend payout ratio (DPR) is currently 16.04%.
FRC has been the topic of a number of analyst reports. Piper Jaffray Companies reaffirmed a “hold” rating and set a $99.00 price objective on shares of First Republic Bank in a report on Friday, September 1st. Barclays downgraded shares of First Republic Bank from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $108.00 to $104.00 in a report on Tuesday, October 10th. Jefferies Group lifted their price objective on shares of First Republic Bank from $109.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, September 29th. Raymond James Financial cut their price objective on shares of First Republic Bank from $108.00 to $105.00 and set an “outperform” rating on the stock in a report on Monday, October 16th. Finally, Zacks Investment Research downgraded shares of First Republic Bank from a “hold” rating to a “sell” rating in a report on Monday, September 18th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company. First Republic Bank has a consensus rating of “Hold” and an average price target of $102.93.
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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.
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