A large investor with deep pockets seems to have taken a bearish stance on First Republic Bank. Our analysis of the options trading history for NYSE:FRC reveals a total of 108 trades that appear unusual.
Of these trades, 63% were bearish, while 36% were bullish. In terms of the specific trades, 76 were puts with a total value of $13,005,786, and 32 were calls with a total value of $3,157,083.
Based on the volume and open interest of these contracts, it seems that the big investors have targeted a price range of $60.0 to $120.0 for First Republic Bank over the past three months.
Looking at the liquidity and interest levels, the mean open interest for options trades on First Republic Bank today is 389.34, with a total volume of 205,703.00.
The chart below tracks the volume and open interest of call and put options for First Republic Bank’s big money trades within a strike price range of $60.0 to $120.0 over the last 30 days.
Overall, these unusual options activities suggest that there may be some significant developments ahead for First Republic Bank, and investors may want to keep a close eye on the stock in the coming weeks.
Wall Street Analysts Weigh in on First Republic Bank (FRC)
First Republic Bank (FRC) is a publicly traded company on the NYSE, with a significant stock position held by Vanguard Group Inc., according to Wall Street analysts. This position amounts to $2.63 billion, indicating the firm’s confidence in the bank’s future growth prospects.
Based on recent analysis, Wall Street analysts have set a current price target of $146.65 for FRC. This target reflects the analysts’ expectation that the bank will continue to perform well in the market and generate strong returns for investors.
Beyond providing stock position and price target information, Wall Street analysts also offer a wealth of other data and insights to help investors make informed decisions about buying or selling FRC stock. This includes real-time analyst ratings, dividend information, earnings results, financials, and headlines for FRC and other stocks.
By leveraging this information, investors can stay up-to-date on the latest developments in the market and adjust their investment strategies accordingly. As always, it is important to conduct thorough research and consult with a financial advisor before making any investment decisions.
Wall Street Analysts Provide Varied Price Targets for First Republic Bank (FRC)
First Republic Bank (FRC) is a publicly traded company on the NYSE, and Wall Street analysts have provided a range of price targets for the stock. According to TipRanks, 16 analysts have given FRC a median price target of $144.88, while CNNMoney reports that 23 analysts have given FRC a median price target of $140.00.
Barron’s offers real-time stock information and industry-best analysis for FRC, which can be used by investors to gain insights into the company’s performance and prospects. Meanwhile, Business Insider reports that 56 analysts have given FRC a median price target of $174.63, reflecting the range of opinions and expectations among industry experts.
Finally, SimplyWall.st reports that 9.5% of analysts have given FRC a price target of $250.00, indicating the potential for significant future growth for the bank.
With this range of information and insights available, investors can make informed decisions about buying or selling FRC stock. However, it is important to remember that investing always carries risk, and careful research and consultation with a financial advisor is always recommended before making any investment decisions.
Wall Street Analysts Track First Republic Bank’s (FRC) Quarterly Earnings
As a publicly traded company on the NYSE, First Republic Bank (FRC) regularly reports its earnings each quarter. According to FRC’s Investor Relations page, earnings are typically reported the month following the end of each quarter.
Nasdaq reports that FRC is estimated to report earnings on April 12, 2023, which will provide investors with important insights into the bank’s financial performance and growth prospects.
Previous earnings reports have been positive, with FRC reporting $1.88 earnings per share for the previous quarter, beating analysts’ consensus estimates of $1.82 by $0.06, according to MarketBeat. Yahoo Finance reports that FRC has a PE Ratio (TTM) of 9.91 and an EPS (TTM) of 8.25, indicating the company’s strong financial position.
Seeking Alpha reports that in the previous quarter, FRC reported $1.88 diluted earnings per share, underscoring the bank’s consistent track record of delivering strong results to investors.
By staying up-to-date on FRC’s quarterly earnings reports, investors can make informed decisions about buying or selling FRC stock based on the bank’s financial performance. It is important to remember that investing always carries risk, and careful research and consultation with a financial advisor is always recommended before making any investment decisions.