First Republic Bank (NYSE:FRC) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 5, 2016
Zacks Investment Research has downgraded First Republic Bank (NYSE:FRC) to Hold in a statement released on Wednesday October 05, 2016.
On 10/04/2016, Zacks Investment Research released a statement on First Republic Bank (NYSE:FRC) upped the target price from $0.00 to $86.00 that suggested an upside of 0.12%.
Having a price of $78.32, First Republic Bank (NYSE:FRC) traded 1.74% higher on the day. With the last close up 9.81% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. FRC has recorded a 50-day average of $75.89 and a two hundred day average of $71.21. Trade Volume was down over the average, with 647,649 shares of FRC changing hands under the typical 702,814
Recent Performance Chart
First Republic Bank has PE ratio of 21.95 with a one year low of $56.32 and a one year high of $78.77 and has a market capitalization of $0.
A total of 19 analysts have released a report on First Republic Bank. 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 12-month price target of $74.05.
General Company Details For 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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