Large Outflow of Money Witnessed in FIRST REPUBLIC BANK

FIRST REPUBLIC BANK (FRC) : Net money flow in FIRST REPUBLIC BANK (FRC) was negative ($2.79 million) and the inflow of money on uptick was $5.51 million, whereas, the outflow of money on downticks amounted to $8.31 million on Wednesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.66. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $2.54 million. The money flow in block trades was negative ($2.54). FIRST REPUBLIC BANK (FRC) gained $0.2 cent during the day and reached $77.84, a gain of 0.26% over the previous day.


Shares of First Republic Bank rose by 1.15% in the last five trading days and 3.2% for the last 4 weeks. First Republic Bank is up 13.77% in the last 3-month period. Year-to-Date the stock performance stands at 19.02%.

FIRST REPUBLIC BANK (FRC) : The consensus on FIRST REPUBLIC BANK (FRC) based on 12 analyst recommendation on the company stock is 1.96, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

FIRST REPUBLIC BANK (NYSE:FRC): The stock opened at $77.9 and touched an intraday high of $78.36 on Wednesday. During the day, the stock corrected to an intraday low of $77.27, however, the bulls stepped in and pushed the price higher to close in the green at $78.09 with a gain of 0.58% for the day. The total traded volume for the day was 617,046. The stock had closed at $77.64 in the previous trading session.

First Republic Bank and its subsidiaries provide private banking, private business banking and private wealth management, including investment, trust and brokerage services. The Company has offices in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, San Diego, Portland, Boston, Palm Beach, Greenwich and New York City. The Companys products and services include residential lending, commercial real estate lending, personal lending, private business banking, deposit services, investment management services, brokerage services and trust services. The Bank offers full-service banking on both coasts, including free online banking, free bill pay and free access to automated teller machines (ATMs) across the world.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *