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Is this Large Market Cap Stock target price reasonable for First Republic Bank (NYSE:FRC)?

The company in question is, First Republic Bank (NYSE:FRC) currently with a stock price of 74.18 (0.94% today). The market cap for First Republic Bank is 11094.36, and is in the sector Financial, and Money Center Banks industry. The target price for First Republic Bank is 76.47. Currently First Republic Bank is trading with a P/E of 23.32, and a forward P/E of 16.89. Average volume for First Republic Bank is 870.95 and so far today it is 418700.

Performance in the last year for First Republic Bank has been 27.29%. For EPS growth, First Republic Bank has seen a growth of 3.70%, and is looking to grow in the next year to 12.30%. More long term stats show that EPS growth has been 8.30% over the last five years and could be 13.00% for the next five years. First Republic Bank has seen sales growth quarter over quarter at 16.40%, with EPS growth quarter over quarter at 17.70%. The 20-day simple moving average is 4.78%, with the 200-day simple moving average coming to 9.98%.

Since the IPO date for First Republic Bank on the 12/9/2010, First Republic Bank has seen performance year to date to be 13.06%. With First Republic Bank trading at 74.18, the dividend yield is 0.86%, and the EPS is 3.18.

So could First Republic Bank, be undervalued? Well as said before P/E is 23.32. The PEG is 1.79, P/S is 6.67 and the P/B is at 2.27. The P/cash is 5.19, with P/free cash flow at 24.44.

First Republic Bank ability to deal with debt shows that the current ratio is *TBA, and the quick ratio is *TBA. This is with long term debt/equity at 0.09, and total debt/equity at 0.09.

In terms of margins, First Republic Bank has a gross margin of *TBA, an operating margin of 87.80% and a profit margin of 27.80%.Payout ratio for First Republic Bank is 18.10%. Return on assets come to 0.80% with return on investment coming to 25.10%.

Insider ownership for First Republic Bank, is at 0.91% and institutional ownership comes to 98.60%. Outstanding shares are at 149.56. While shares float is 148.64. The float short is currently 2.18%, and short ratio is 3.72.

Disclaimer: Remember there is a risk to your investment, this is not a recommendation, nor personal advice, never invest more than you are able too loose.

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Stephen Butters

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