FIRST REPUBLIC BANK (FRC) Receives Analyst Rating

FIRST REPUBLIC BANK (FRC) has an average broker rating of 1.96, which is interpreted as a Buy, as rated by 12 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. 2 other analysts advise a Buy. Nevertheless, the majority of 5 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold.

FIRST REPUBLIC BANK (FRC) : The consensus price target for FIRST REPUBLIC BANK (FRC) is $76.25 for the short term with a standard deviation of $5.22. The most optimist securities analyst among the 12 who monitor the stock believes that the stock can reach $84, however, the pessimist price target for the company is $67.


Also, Equity Analysts at the Brokerage Firm, Barclays, maintains their rating on the shares of FIRST REPUBLIC BANK (NYSE:FRC). Barclays has a Overweight rating on the shares. As per the latest research report, the brokerage house raises the price target to $84 per share from a prior target of $78. The rating by the firm was issued on August 11, 2016.

FIRST REPUBLIC BANK (NYSE:FRC): After opening at $75.05, the stock dipped to an intraday low of $74.7 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $76.31 and the buying power remained strong till the end. The stock closed at $76.25 for the day, a gain of 1.46% for the day session. The total traded volume was 673,786. The stocks close on the previous trading day was $75.15.

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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