Analyst Rating Update on FIRST REPUBLIC BANK (FRC)

FIRST REPUBLIC BANK (NYSE:FRC) : 13 analysts are covering FIRST REPUBLIC BANK (NYSE:FRC) and their average rating on the stock is 1.88, which is read as a Buy. 6 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 (NYSE: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 3, which recommends a Hold 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.

FIRST REPUBLIC BANK (NYSE:FRC) : The highest level FIRST REPUBLIC BANK (NYSE:FRC) is projected to reach is $83 for the short term and the lowest estimate is at $67. The consolidated price target from 12 rating analysts who initiate coverage on the stock is $74.5 and the possibility the share price can swing is $5.18.

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

FIRST REPUBLIC BANK (NYSE:FRC): stock turned positive on Tuesday. Though the stock opened at $65.46, the bulls momentum made the stock top out at $67.69 level for the day. The stock recorded a low of $64.88 and closed the trading day at $67.61, in the green by 5.23%. The total traded volume for the day was 1,072,103. The stock had closed at $64.25 in the previous days trading.

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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