In the latest session, First Republic Bank (NYSE: FRC) closed at $136.18 up 3.96% from its previous closing price of $130.99. In other words, the price has increased by $+5.19 from its previous closing price. On the day, 1564387 shares were traded. FRC stock price reached its highest trading level at $136.45 during the session, while it also had its lowest trading level at $131.25.

**Will You Miss Out On This Growth Stock Boom?
**

A new megatrend in the fintech market is well underway. Mobile payments are projected to boom into a massive $12 trillion market by 2028. According to Motley Fool this growth stock could "deliver huge returns." Not only in the immediate future but also over the next decade. Especially since the man behind this company is a serial entrepreneur who has been wildly successful over the years.

And this is just one of our **
5 Best Growth Stocks To Own For 2023. **

Sponsored

### Ratios:

For a deeper understanding of First Republic Bank’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 3.34 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 19.08. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.09.

### Upgrades & Downgrades

On January 05, 2023, Goldman Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $142.

Wells Fargo Upgraded its Underweight to Equal Weight on December 15, 2022, whereas the target price for the stock was revised from $100 to $125.

### Valuation Measures:

As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.46, and their Forward P/E ratio for the next fiscal year is 16.31. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.38. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.19 while its Price-to-Book (P/B) ratio in mrq is 1.84.

### Stock Price History:

Over the past 52 weeks, FRC has reached a high of $181.75, while it has fallen to a 52-week low of $106.86. The 50-Day Moving Average of the stock is 123.17, while the 200-Day Moving Average is calculated to be 140.73.

### Shares Statistics:

For the past three months, FRC has traded an average of 1.72M shares per day and 2.08M over the past ten days. A total of 182.00M shares are outstanding, with a floating share count of 181.64M. Insiders hold about 0.20% of the company’s shares, while institutions hold 97.20% stake in the company. Shares short for FRC as of Oct 13, 2022 were 2.66M with a Short Ratio of 3.16M, compared to 2.12M on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.46% and a Short% of Float of 1.47%.

### Dividends & Splits

According to the company, the forward annual dividend rate for FRC is 1.08, from 0.82 in the trailing year. Against a Trailing Annual Dividend Yield of 0.63%, it implies a Forward Annual Dividend Yield of 0.93%. The stock’s 5-year Average Dividend Yield is 0.65.

### Earnings Estimates

There are 21 different market analysts currently analyzing its stock. On average, analysts expect EPS of $1.85 for the current quarter, with a high estimate of $2.06 and a low estimate of $1.56, while EPS last year was $2.02. The consensus estimate for the next quarter is $1.75, with high estimates of $2.01 and low estimates of $1.4.

Analysts are recommending an EPS of between $8.44 and $7.92 for the fiscal current year, implying an average EPS of $8.22. EPS for the following year is $7.8, with 22 analysts recommending between $8.9 and $6.71.

### Revenue Estimates

A total of 9 analysts believe the company’s revenue will be $1.44B this quarter.It ranges from a high estimate of $1.5B to a low estimate of $1.38B. As of the current estimate, First Republic Bank’s year-ago sales were $1.37B, an estimated increase of 5.50% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $1.43B, an increase of 2.40% less than the figure of $5.50% in the same quarter last year. There is a high estimate of $1.49B for the next quarter, whereas the lowest estimate is $1.36B.

A total of 12 analysts have provided revenue estimates for FRC’s current fiscal year. The highest revenue estimate was $5.92B, while the lowest revenue estimate was $5.8B, resulting in an average revenue estimate of $5.88B. In the same quarter a year ago, actual revenue was $5.03B, up 16.80% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $6.08B in the next fiscal year. The high estimate is $6.46B and the low estimate is $5.75B. The average revenue growth estimate for next year is up 3.40% from the average revenue estimate for this year.