(VIANEWS) – Shares of FIRST REPUBLIC BANK (NYSE: FRC) slid by a staggering 10.57% to $102.84 at 10:08 EST on Thursday, after five successive sessions in a row of losses. NYSE is rising 0.01% to $15,440.64, following the last session’s upward trend. This seems, as yet, a somewhat bullish trend exchanging session today.
FIRST REPUBLIC BANK’s last close was $115.00, 34.11% below its 52-week high of $174.54.
About FIRST REPUBLIC BANK
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 in two segments, Commercial Banking and Wealth Management. The company accepts deposit products, such as noninterest-bearing checking, interest-bearing checking, money market checking accounts, money market savings accounts, and passbook 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, trust and custody, full service and online brokerage, financial and estate planning, and access to alternative investments, as well as investing, insurance, and foreign exchange services. Further, the company offers online and mobile banking services; refinancing services; and ATM and debit cards. As of December 31, 2021, it offered its services through 82 licensed deposit taking offices primarily in the San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach and San Diego, California; Portland, Oregon; Boston, Massachusetts; Palm Beach, Florida; Greenwich, Connecticut; New York, New York; and Jackson, Wyoming. It also has 12 additional offices that offer lending, wealth management, or trust services. First Republic Bank was founded in 1985 and is headquartered in San Francisco, California.
Earnings Per Share
As for profitability, FIRST REPUBLIC BANK has a trailing twelve months EPS of $6.4.
PE Ratio
FIRST REPUBLIC BANK has a trailing twelve months price to earnings ratio of 16.06. Meaning, the purchaser of the share is investing $16.06 for every dollar of annual earnings.
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 9.99%.
Dividend Yield
As claimed by Morningstar, Inc., the next dividend payment is on Jan 24, 2023, the estimated forward annual dividend rate is 1.08 and the estimated forward annual dividend yield is 0.77%.
Sales Growth
FIRST REPUBLIC BANK’s sales growth is negative 1.4% for the present quarter and negative 8% for the next.
Yearly Top and Bottom Value
FIRST REPUBLIC BANK’s stock is valued at $102.84 at 10:08 EST, below its 52-week low of $106.86.
Stock Price Classification
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, FIRST REPUBLIC BANK’s stock is considered to be overbought (>=80).
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