FIRST REPUBLIC BANK (NYSE:FRC) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 1.88 by 13 Brokerage Firm. 6 Wall Street Firms have rated the stock as a strong buys. 2 stock experts have also suggested a buy rating. 5 Brokerage Firms have advised hold.
FIRST REPUBLIC BANK (NYSE:FRC) shares are expected to touch $74.5 in the short term. This short term price target has been shared by 12 analysts. However, the standard deviation of short term price estimate has been valued at 5.18. The target price could hit $83 on the higher end and $67 on the lower end.
FIRST REPUBLIC BANK (NYSE:FRC) rose 1% or 0.69 points on Tuesday and made its way into the gainers of the day. After trading began at $69.33 the stock was seen hitting $70.18 as a peak level and $69.16 as the lowest level. The stock ended up at $69.8. The daily volume was measured at 1,489,760 shares. The 52-week high of the share price is $73.22 and the 52-week low is $56.3176. The company has a market cap of $9,952 million.
Shares of First Republic Bank appreciated by 2.77% during the last five trading days but lost 1.01% on a 4-week basis. First Republic Bank is up 4.15% in the last 3-month period. Year-to-Date the stock performance stands at 6.15%.
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.