Analyst Price Target Update on FIRST REPUBLIC BANK (NYSE:FRC)

FIRST REPUBLIC BANK (NYSE:FRC): 12 analysts have set the short term price target of FIRST REPUBLIC BANK (NYSE:FRC) at $74.5. The standard deviation of short term price target has been estimated at $5.18, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 83 and $67 respectively.

For the current week, the company shares have a recommendation consensus of Buy.

FIRST REPUBLIC BANK (NYSE:FRC) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.34 points or 0.49% at $68.7 with 824,066 shares getting traded. Post opening the session at $68.57, the shares hit an intraday low of $68.33 and an intraday high of $69.54 and the price was in this range throughout the day. The company has a market cap of $9,795 million and the number of outstanding shares have been calculated to be 142,578,690 shares. The 52-week high of FIRST REPUBLIC BANK (NYSE:FRC) is $73.22 and the 52-week low is $56.3176.

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.

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