FIRST REPUBLIC BANK (FRC) Receives Price Target

FIRST REPUBLIC BANK (FRC) : Average target price received by FIRST REPUBLIC BANK (FRC) is $76.25 with an expected standard deviation of $5.22. The most aggressive target on the stock is $84, whereas the most downbeat target is $67. 12 financial analysts are currently covering the stock.

FIRST REPUBLIC BANK (FRC) : 12 analysts are covering FIRST REPUBLIC BANK (FRC) and their average rating on the stock is 1.96, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. FIRST REPUBLIC BANK (FRC) also receives 2 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 2, which recommends a Buy affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Brokerage firm Barclays maintains its rating on FIRST REPUBLIC BANK (NYSE:FRC). As per the latest information, the brokerage house raises the price target to $84 per share from a prior target of $78. The shares have been rated Overweight. The rating by the firm was issued on August 11, 2016.

FIRST REPUBLIC BANK (NYSE:FRC): The stock opened at $77.37 on Thursday but the bulls could not build on the opening and the stock topped out at $77.58 for the day. The stock traded down to $75.78 during the day, due to lack of any buying support eventually closed down at $76.88 with a loss of -0.10% for the day. The stock had closed at $76.96 on the previous day. The total traded volume was 780,518 shares.

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 *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.