A statement released earlier today by Maxim Group about First Republic Bank (NYSE:FRC) bumps the target price to $86.00
- Updated: October 13, 2016
Just yesterday First Republic Bank (NYSE:FRC) traded -4.07% lower at $73.99. First Republic Bank’s 50-day moving average is $76.68 and its 200-day moving average is $71.65. The last closing price is up 3.27% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 2,986,447 shares of FRC traded hands, up from an average trading volume of 731,022
Maxim Group upped the price target of First Republic Bank (NYSE:FRC) to $86.00 stating a potential upside of 0.16%.
Recent Performance Chart
First Republic Bank has one year low of $56.32 and a one year high of $79.15 with a P/E ratio of 20.77 and has a market cap of $0.
A total of 19 analysts have released a research note on FRC. Three analysts rating the company a strong buy, six analysts rating the company a buy, twelve analysts rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year target of $74.05.
More About First Republic Bank (NYSE:FRC)
First Republic Bank is a commercial bank and trust company. The Bank specializes in providing services, including private banking, private business banking, real estate lending and wealth management services, including trust and custody services, to clients in selected metropolitan areas in the United States. It operates through two segments: Commercial Banking and Wealth Management. The Commercial Banking segment is engaged in attracting funds from the public; originating loans, primarily real estate secured mortgage loans, and investing in investment securities. The Wealth Management segment consists of First Republic Investment Management, Inc.; its money market mutual fund activities through third-party providers and the brokerage activities of First Republic Securities Company, LLC; First Republic Trust Company and First Republic Trust Company of Delaware LLC (the Trust Company), and its foreign exchange activities. It offers a range of internally managed investment services.
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