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First Republic Bank
The score for First Republic Bank (FRC-N) fell to 5 this week, its worst value over the past year. The recent change in its average score was primarily due to a decline in its earnings and price momentum component scores. The mean recommendation from all analysts covering the stock is a "buy" rating. Its one-year return is 18 per cent and its five-year return is 127.4 per cent.
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Average score: 5
Earnings -- Rating: 8 -- The outlook for First Republic's earning is positive. It is also higher than the average for the banking services group of 5.6. During the past four weeks, analysts covering FRC have made three upward and seven downward EPS estimate revisions for the current quarter.
Fundamentals -- Rating: 3 -- The outlook is for First Republic's fundamentals is negative. It's rating of 3 is much lower than the 7.3 average rating for the banking services group. The company's net margin and debt-to-capital has been higher than its industry average for each of the past five years.
Relative Valuation -- Rating: 4 -- The outlook is neutral. Its rating of 4 is much lower than the 7 average of the banking services group. First Republic's trailing price-to-earnings, forward P/E, and forward price-to-earnings-to-growth multiples are all more expensive than their five-year averages. Based on forward PEG, First Republic currently trades at a 15-per-cent premium to its industry peers. On average, the company has traded at a 28-per-cent discount over the past five years.
Risk -- Rating: 8 -- The outlook is positive, with low volatility. First Republic's rating of 8 is close to the 7.8 average rating for the bank services group. In both short-term and long-term periods, First Republic has shown high correlation with the S&P 500 index. So, the stock would provide only low levels of diversification to a portfolio similar to the broader market. Over the last 90 days, FRC shares have been more volatile than the overall market, as the stock's daily price fluctuations have exceeded that of 70 per cent of S&P 500 index firms.
Price Momentum -- Rating: 4 -- The outlook is neutral, indicating that the performance is relatively in-line with the market. First Republic's rating of 4 matches the banking and services group, but is its the lowest value in the past year.
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