First Republic Bank (San Francisco CA Rises On Unusually High Volume (FRC)
First Republic Bank (San Francisco CA (NYSE:FRC) is trading at unusually high volume Thursday with 3.4 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up 76 cents (+2%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- First Republic Bank (San Francisco CA (NYSE: FRC) is trading at unusually high volume Thursday with 3.4 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up 76 cents (+2%) at $38.17 as of 1:35 p.m. ET.
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First Republic Bank (San Francisco CA has a market cap of $4.95 billion and is part of the financial sector and banking industry. Shares are up 14.1% year to date as of the close of trading on Wednesday. First Republic Bank, together with its subsidiaries, provides personalized, relationship-based preferred banking, business banking, real estate lending, trust, and wealth management services to clients in metropolitan areas of the United States. The company has a P/E ratio of 16.8, below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates First Republic Bank (San Francisco CA as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, compelling growth in net income, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full First Republic Bank (San Francisco CA Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.