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How to buy First Republic Bank stock in Canada | $218.14
Own First Republic Bank shares in just a few minutes.
First Republic Bank is a banks-regional business based in the US. First Republic Bank shares (FRC) are listed on the NYSE and all prices are listed in US Dollars. First Republic Bank employs 5,483 staff and has a trailing 12-month revenue of around USD$4.7 billion.
How to buy shares in First Republic Bank
- Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
- Open your brokerage account. Complete an application with your details.
- Confirm your payment details. Fund your account.
- Research the stock. Find the stock by name or ticker symbol – FRC – and research it before deciding if it's a good investment for you.
- Purchase now or later. Buy your desired number of shares with a market order or use a limit order to delay your purchase until the stock reaches a desired price.
- Check in on your investment. Optimize your portfolio by tracking your stock.
Is it a good time to buy First Republic Bank stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
What's in this guide?
- Can I buy shares in First Republic Bank?
- Has coronavirus impacted First Republic Bank shares?
- First Republic Bank shares summary
- Compare share dealing platforms
- Is First Republic Bank stock a buy or sell?
- First Republic Bank performance over time
- Can I short First Republic Bank shares?
- Is First Republic Bank suitable for ethical investing?
- Are First Republic Bank shares over-valued?
- First Republic Bank's financials
- How volatile are First Republic Bank shares?
- Does First Republic Bank pay a dividend?
- Other common questions
How has Coronavirus impacted First Republic Bank's stock price?
Since the stock market crash in March caused by coronavirus, First Republic Bank's stock price has had significant positive movement.
Its last market close was $218.14, which is 46.54% up on its pre-crash value of $116.62 and 211.36% up on the lowest point reached during the March crash when the stocks fell as low as $70.06.
If you had bought $1,000 worth of First Republic Bank stocks at the start of February 2020, those stocks would have been worth $673.60 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth $1,943.63.
First Republic Bank stock priceUse our graph to track the performance of FRC stocks over time.
First Republic Bank shares at a glance
|Latest market close||$218.14|
|52-week range||$122.28 - $219.53|
|50-day moving average||$201.32|
|200-day moving average||$192.41|
|Wall St. target price||$217.10|
|Dividend yield||$0.86 (0.4%)|
|Earnings per share (TTM)||$7.26|
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Note: The dollar amounts in the table below are in Canadian dollars.
First Republic Bank price performance over time
|1 week (2021-10-15)||3.68%|
|1 month (2021-09-24)||10.39%|
|3 months (2021-07-23)||10.77%|
|6 months (2021-04-23)||21.78%|
|1 year (2020-10-23)||66.54%|
|2 years (2019-10-24)||105.17%|
|3 years (2018-10-24)||156.57%|
|5 years (2016-10-24)||185.15%|
Is First Republic Bank under- or over-valued?
Valuing First Republic Bank stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of First Republic Bank's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
First Republic Bank's P/E ratio
First Republic Bank's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 30x. In other words, First Republic Bank shares trade at around 30x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
First Republic Bank's PEG ratio
First Republic Bank's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 1.4809. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into First Republic Bank's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
First Republic Bank financials
|Revenue TTM||$4.7 billion|
|Operating margin TTM||38.63%|
|Gross profit TTM||$3.8 billion|
|Return on assets TTM||0.9%|
|Return on equity TTM||10.5%|
|Market capitalisation||$38.6 billion|
TTM: trailing 12 months
Shorting First Republic Bank shares
There are currently 2.2 million First Republic Bank shares held short by investors – that's known as First Republic Bank's "short interest". This figure is 1.8% down from 2.3 million last month.
There are a few different ways that this level of interest in shorting First Republic Bank shares can be evaluated.
First Republic Bank's "short interest ratio" (SIR)
First Republic Bank's "short interest ratio" (SIR) is the quantity of First Republic Bank shares currently shorted divided by the average quantity of First Republic Bank shares traded daily (recently around 669259.22619048). First Republic Bank's SIR currently stands at 3.36. In other words for every 100,000 First Republic Bank shares traded daily on the market, roughly 3360 shares are currently held short.
However First Republic Bank's short interest can also be evaluated against the total number of First Republic Bank shares, or, against the total number of tradable First Republic Bank shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case First Republic Bank's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 First Republic Bank shares in existence, roughly 10 shares are currently held short) or 0.0128% of the tradable shares (for every 100,000 tradable First Republic Bank shares, roughly 13 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against First Republic Bank.
First Republic Bank's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like First Republic Bank.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
First Republic Bank's total ESG risk score
Total ESG risk: 28.56
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and First Republic Bank's overall score of 28.56 (as at 01/01/2019) is nothing to write home about – landing it in it in the 41st percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like First Republic Bank is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
First Republic Bank's environmental score
Environmental score: 8.41/100
First Republic Bank's environmental score of 8.41 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that First Republic Bank is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
First Republic Bank's social score
Social score: 14.96/100
First Republic Bank's social score of 14.96 puts it squarely in the 7th percentile of companies rated in the same sector. This could suggest that First Republic Bank is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
First Republic Bank's governance score
Governance score: 14.19/100
First Republic Bank's governance score puts it squarely in the 7th percentile of companies rated in the same sector. That could suggest that First Republic Bank is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
First Republic Bank's controversy score
Controversy score: 1/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. First Republic Bank scored a 1 out of 5 for controversy – the highest score possible, reflecting that First Republic Bank has managed to keep its nose clean.
First Republic Bank share dividends
Dividend payout ratio: 9.71% of net profits
Recently First Republic Bank has paid out, on average, around 9.71% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 0.4% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), First Republic Bank shareholders could enjoy a 0.4% return on their shares, in the form of dividend payments. In First Republic Bank's case, that would currently equate to about $0.86 per share.
While First Republic Bank's payout ratio might seem low, this can signify that First Republic Bank is investing more in its future growth.
First Republic Bank's most recent dividend payout was on 12 August 2021. The latest dividend was paid out to all shareholders who bought their shares by 27 October 2021 (the "ex-dividend date").
First Republic Bank share price volatility
Over the last 12 months, First Republic Bank's shares have ranged in value from as little as $122.283 up to $219.53. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while First Republic Bank's is 1.1037. This would suggest that First Republic Bank's shares are a little bit more volatile than the average for this exchange and represent, relatively-speaking, a slightly higher risk (but potentially also market-beating returns).
First Republic Bank overview
First Republic Bank, together with its subsidiaries, provides private banking, private business banking, and private wealth management services to clients in metropolitan areas in the United States. It operates through two segments, Commercial Banking and Wealth Management. The company accepts deposit products, such as checking, money market checking, savings, passbook deposits, and individual retirement accounts, as well as certificates of deposit. It also offers a range of lending products that comprise residential mortgage loans, home equity lines of credit, multifamily loans, commercial real estate and construction loans, personal and business loans, single family construction loans, and other loans and lines of credit to businesses and individuals. The company's loans are secured by single family residences, multifamily buildings, and commercial real estate properties. In addition, it provides wealth management services, which include various investment strategies and products, online investment management services, trust and custody services, full service and online brokerage, financial and estate planning, and access to alternative investments, as well as investing, insurance, and foreign exchange services; and treasury services. Additionally, the company offers online and mobile banking services; refinancing services; and ATM and debit cards.
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Frequently asked questions
First Republic Bank in the news
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