Brokerage Firm Rating Update on FIRST REPUBLIC BANK (FRC)

FIRST REPUBLIC BANK (FRC) : The consensus on FIRST REPUBLIC BANK (FRC) based on 12 analyst recommendation on the company stock is 1.96, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 2 analyst believes that the stock is a Buy, which can produce decent returns in the future. 5 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating.

FIRST REPUBLIC BANK (FRC) : The highest level FIRST REPUBLIC BANK (FRC) is projected to reach is $84 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 $76.25 and the possibility the share price can swing is $5.22.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity analysts at the Brokerage firm Barclays maintains its rating on FIRST REPUBLIC BANK (NYSE:FRC). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at Barclays raises the price target from $78 per share to $84 per share. The rating by the firm was issued on August 11, 2016.

FIRST REPUBLIC BANK (NYSE:FRC): The stock opened at $75.24 and touched an intraday high of $76.6 on Wednesday. During the day, the stock corrected to an intraday low of $75.17, however, the bulls stepped in and pushed the price higher to close in the green at $76.32 with a gain of 1.27% for the day. The total traded volume for the day was 751,216. The stock had closed at $75.36 in the previous trading session.

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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