Jefferies raised the price target for the First Republic Bank (NYSE:FRC) stock from “a Hold” to “a Buy”. The rating was released on January 09, 2023, according to finviz. The research report from Wells Fargo has upgraded the stock from Underweight to Equal Weight, with a price target set at $125. The stock was downgraded by Morgan Stanley, who disclosed in a research note on December 05, 2022, from Equal-Weight to Underweight and set the price objective to $102. In their research brief published October 17, 2022, Raymond James analysts upgraded the First Republic Bank stock from Mkt Perform to Strong Buy with a price target of $143.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of First Republic Bank (NYSE:FRC) dipped -1.15% to close Tuesday’s market session at $136.21, lower as compared to yesterday’s close. The stock price fluctuated between $135.40 and $137.66 throughout the trading session with the volume trading being 1229894 shares, which represented a significant variation when compared to the three months average volume of 1.68 million shares. The firm’s stock price fluctuated 3.66% within the last five trades and 12.17% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price decreased -14.02% in the last 6 months and 21.24% was added to its value over the previous 3 months. FRC stock is trading at a margin of 8.20%, 10.16% and -3.14% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, FRC deals in the Financial domain. The stock is trading -25.06 percent below its 52-week high and 27.47 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is -16.55. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does First Republic Bank’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at 78.00 percent and the profit margin is 25.70 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $23.97 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for First Republic Bank (NYSE:FRC) is 16.47. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 16.31. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 4.19 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.84, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Almost all investors and traders prefer to invest in shares controlled by the management of a corporation as a management company will be more likely to run the business itself and to never conduct things against the management’s desires and will always try to do what is best for their shareholders. Currently, 0.20 percent of First Republic Bank shares are owned by insiders, and 97.20 percent are held by financial institutions.