FIRST REPUBLIC BANK (FRC) : Zacks Investment Research ranks FIRST REPUBLIC BANK (FRC) as 2, which is a Buy recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 2 other analysts are mildly bullish on the stock and favor a Buy. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 1.96, which indicates as a Buy.
FIRST REPUBLIC BANK (FRC) stock is expected to deviate a maximum of $5.22 from the average target price of $76.25 for the short term period. 12 Street Experts have initiated coverage on the stock with the most promising target being $84 and the most muted being $67.
Shares of First Republic Bank rose by 0.34% in the last five trading days and 2.13% for the last 4 weeks. First Republic Bank is up 3.23% in the last 3-month period. Year-to-Date the stock performance stands at 11.89%. FIRST REPUBLIC BANK (NYSE:FRC): On Tuesdays trading session , Opening price of the stock was $73.9 with an intraday high of $74.33. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $73.39. However, the stock managed to close at $73.41, a loss of 0.54% for the day. On the previous day, the stock had closed at $73.81. The total traded volume of the day was 490,030 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.