First Republic Bank (FRC) Receives Media Sentiment Score of 0.19
News headlines about First Republic Bank (NYSE:FRC) have been trending somewhat positive this week, according to Accern. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. First Republic Bank earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave headlines about the bank an impact score of 46.0651140295538 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s rankings:
- First Republic Bank, Inc. :FRC-US: Earnings Analysis: Q2, 2017 By the Numbers : September 28, 2017 (finance.yahoo.com)
- ETFs with exposure to First Republic Bank, Inc. : September 29, 2017 (finance.yahoo.com)
- Sequoia Mortgage Trust 2017-CH1 — Moody’s assigns definitive ratings to Prime RMBS issued by Sequoia Mortgage Trust 2017-CH1 (finance.yahoo.com)
- Stocks Make Record Highs; Why These 3 Homebuilders Hit Buy Points – Nasdaq (nasdaq.com)
- First Republic Bank (FRC) is at $103.64 per share and Avid Technology, Inc. (AVID) is listed at $4.63 – Stocks Gallery (stocksgallery.com)
A number of research analysts have recently commented on the company. Royal Bank Of Canada reiterated a “hold” rating on shares of First Republic Bank in a report on Friday, September 29th. Jefferies Group LLC increased their price objective on First Republic Bank from $109.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, September 29th. Barclays PLC restated an “equal weight” rating and issued a $110.00 price objective (up previously from $101.00) on shares of First Republic Bank in a research note on Wednesday, July 12th. Morgan Stanley restated an “equal weight” rating and issued a $104.00 price objective (up previously from $102.00) on shares of First Republic Bank in a research note on Thursday, July 6th. Finally, Maxim Group reaffirmed a “buy” rating and set a $110.00 target price (up previously from $105.00) on shares of First Republic Bank in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and five have issued a buy rating to the stock. First Republic Bank has an average rating of “Hold” and an average price target of $105.38.
First Republic Bank (NYSE:FRC) opened at 105.17 on Wednesday. The stock’s 50 day moving average is $98.27 and its 200-day moving average is $96.69. The company has a market capitalization of $16.59 billion, a P/E ratio of 25.66 and a beta of 1.01. First Republic Bank has a 12-month low of $72.40 and a 12-month high of $105.52.
First Republic Bank (NYSE:FRC) last released its quarterly earnings results on Friday, July 14th. The bank reported $1.06 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.09 by ($0.03). The firm had revenue of $641.30 million for the quarter, compared to analyst estimates of $671.27 million. First Republic Bank had a return on equity of 12.16% and a net margin of 27.37%. The business’s revenue for the quarter was up 19.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.97 earnings per share. On average, equities analysts predict that First Republic Bank will post $4.46 earnings per share for the current fiscal year.
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First Republic Bank Company Profile
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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