First Republic price target raised to $170 from $165 at Barclays » 05:3904/0704/07/21
Barclays analyst Jason…
Barclays analyst Jason Goldberg raised the firm's price target on First Republic to $170 from $165 and keeps an Equal Weight rating on the shares. In the near-term, a lower than previously expected loan loss provision should drive earnings higher, while a better than anticipated interest rate environment is "helpful for the outlook," Goldberg tells investors in a research note.
|Over a week ago|
First Republic price target raised to $157 from $148 at Credit Suisse » 08:3303/3103/31/21
Credit Suisse analyst…
Credit Suisse analyst Susan Roth Katzke raised the firm's price target on First Republic to $157 from $148, citing the macro backdrop, most notably, the depth and duration of the current economic downturn. The analyst keeps an Underperform rating on the shares.
|Over a month ago|
First Republic 1.75M share Spot Secondary priced at $166.50 » 08:5303/0203/02/21
The deal size was…
The deal size was increased to 1.75M shares from 1.5M and priced at low end of $166.50-$169.95 range. BofA, JPMorgan and Morgan Stanley are acting as joint book running managers for the offering.
First Republic 1.5M share Spot Secondary; price range $166.50-$169.95 » 16:2703/0103/01/21
false:BOFA, JPMS &…
false:BOFA, JPMS & MSCO
First Republic announces offering of 1.5M shares of common stock » 16:1303/0103/01/21
First Republic Bank…
First Republic Bank announced that it has agreed to sell 1.5M shares of its common stock in an underwritten public offering. First Republic intends to use the net proceeds from the offering for general corporate purposes, which may include, among other things, funding loans or purchasing investment securities for its portfolio. BofA Securities, J.P. Morgan and Morgan Stanley are serving as joint bookrunning managers.
First Republic price target raised to $200 from $195 at Maxim » 07:4801/1501/15/21
Maxim analyst Michael…
Maxim analyst Michael Diana raised the firm's price target on First Republic to $200 from $195 and keeps a Buy rating on the shares. The analyst cites the company's Q4 earnings beat, with "strong" credit quality metrics and a "robust" set of quarterly loan originations.
First Republic price target raised to $163 from $141 at Citi » 05:4501/1501/15/21
Citi analyst Arren…
Citi analyst Arren Cyganovich raised the firm's price target on First Republic to $163 from $141 and keeps a Neutral rating on the shares following the company's Q4 results. The analyst sees a "strong" outlook but says this is already priced into the shares.
Fly Intel: Pre-market Movers » 08:5401/1401/14/21
CEMI, WISA, BLK, FRC, DAL, TSM, LIVE, NNDM, JWN, TSLA
Check out this morning's…
First Republic reports Q4 EPS $1.60, consensus $1.52 » 07:1001/1401/14/21
Reports Q4 revenue $1.1B,…
Reports Q4 revenue $1.1B, consensus $1.02B. Tangible book value per common share at December 31, 2020 was $57.30, up 14.1% from a year ago. "We're very pleased with the double-digit growth of revenue, net interest income and earnings per share, both for the full year and the fourth quarter," said Mike Roffler, CFO. "We remain focused on maintaining our capital strength and successfully raised, net, over $900 million in new Tier 1 capital in 2020."
Notable companies reporting before tomorrow's open » 13:5601/1301/13/21
BLK, FRC, DAL
Notable companies reporting before tomorrow's open, with earnings consensus, include BlackRock (BLK), consensus $9.08... First Republic Bank (FRC), consensus $1.52... Delta Air Lines (DAL), consensus ($2.50).