On a relative basis, the stock has outperformed the S&P 500 by 5.38% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.45% in the last 1 week, and is up 3.24% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 0.95% and the 50-Day Moving Average is 4.15%.The 200 Day SMA reached 11.7% First Republic Bank is up 11.65% in the last 3-month period. Year-to-Date the stock performance stands at 16.02%.
FIRST REPUBLIC BANK (FRC) : 12 investment research analysts covering FIRST REPUBLIC BANK (FRC) have an average price target of $76.25 for the near short term. The highest target price given by the Brokerage Firm to the stock is $84 and the lowest target is $67 for the short term. Analysts expect the variance to be within $5.22 of the average price.
For the current week, the company shares have a recommendation consensus of Buy. FIRST REPUBLIC BANK (NYSE:FRC): stock was range-bound between the intraday low of $75.2701 and the intraday high of $76.42 after having opened at $75.62 on Fridays session. The stock finally closed in the red at $75.62, a loss of -0.17%. The stock remained in the red for the whole trading day. The total traded volume was 1,516,369 shares. The stock failed to cross $76.42 in Fridays trading. The stocks closing price on Thursday was $76.12.
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.