(VIANEWS) – Shares of FIRST REPUBLIC BANK (NYSE: FRC) dropped by a staggering 16.76% to $19.17 at 10:21 EST on Monday, after two sequential sessions in a row of losses. NYSE is rising 1.1% to $14,759.67, following the last session’s downward trend. This seems, up to now, an all-around bullish trend exchanging session today.
FIRST REPUBLIC BANK’s last close was $23.03, 86.78% below its 52-week high of $174.21.
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 2.99. Meaning, the purchaser of the share is investing $2.99 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%.
Volume
Today’s last reported volume for FIRST REPUBLIC BANK is 34660959 which is 148.04% above its average volume of 13973800.
Volatility
FIRST REPUBLIC BANK’s last week, last month’s, and last quarter’s current intraday variation average was a negative 16.34%, a negative 5.17%, and a positive 3.66%.
FIRST REPUBLIC BANK’s highest amplitude of average volatility was 34.32% (last week), 9.06% (last month), and 3.66% (last quarter).
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).
Moving Average
FIRST REPUBLIC BANK’s value is way under its 50-day moving average of $128.47 and way under its 200-day moving average of $136.93.
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