Media stories about First Republic Bank (NYSE:FRC) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. First Republic Bank earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the bank an impact score of 46.3158356127676 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have effected Accern Sentiment’s rankings:
- First Republic Bank (FRC) Earns Neutral Rating from Analysts at UBS (americanbankingnews.com)
- CommonBond Secures $50M Series D Equity Round, Led by Fifth Third Bancorp – PR Newswire (press release) (prnewswire.com)
- J.P. Morgan Mortgage Trust 2018-3 — Moody’s assigns provisional ratings to Prime RMBS issued by J.P. Morgan Mortgage Trust 2018-3 (finance.yahoo.com)
- First Republic Bank (FRC) Stock Rating Upgraded by Zacks Investment Research (americanbankingnews.com)
FRC has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of First Republic Bank from a “sell” rating to a “hold” rating in a research note on Friday, December 8th. Morgan Stanley restated an “equal weight” rating and set a $106.00 price target on shares of First Republic Bank in a research note on Thursday, December 14th. Jefferies Group lowered shares of First Republic Bank from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Barclays boosted their price target on shares of First Republic Bank from $98.00 to $101.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 2nd. Finally, Maxim Group restated a “buy” rating and set a $110.00 price target on shares of First Republic Bank in a research note on Thursday, January 4th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $102.85.
First Republic Bank (NYSE:FRC) last posted its earnings results on Tuesday, January 16th. The bank reported $1.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.15 by ($0.05). First Republic Bank had a return on equity of 11.80% and a net margin of 26.02%. The firm had revenue of $699.20 million during the quarter, compared to the consensus estimate of $688.48 million. During the same quarter in the previous year, the company earned $1.03 EPS. The business’s revenue was up 16.6% compared to the same quarter last year. equities analysts forecast that First Republic Bank will post 4.74 EPS for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: “First Republic Bank (FRC) Given Daily News Sentiment Rating of 0.16” was originally posted by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://sportsperspectives.com/2018/03/21/first-republic-bank-frc-given-daily-news-sentiment-rating-of-0-16.html.
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.
Receive News & Ratings for First Republic Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Republic Bank and related companies with MarketBeat.com's FREE daily email newsletter.