First Republic Bank (NYSE:FRC) stock price target increased to $80.00, issued a research note today by FBR & Co.
- Updated: October 14, 2016
In a report released on Friday October 14, 2016 FBR & Co. increased the stock price target of First Republic Bank (NYSE:FRC) from $73.00 to $80.00 stating a potential upside of 0.09%.
Boasting a price of $73.58, First Republic Bank (NYSE:FRC) traded -4.07% lower on the day. With the last stock price close up 3.27% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. First Republic Bank has recorded a 50-day average of $76.68 and a two hundred day average of $71.65. Volume of trade was up over the average, with 2,986,447 shares of FRC changing hands over the typical 731,022
With a total market value of $0, First Republic Bank has price-earnings ratio of 20.77 with a one year low of $56.32 and a one year high of $79.15 .
A total of 19 equity analysts have released a ratings update on FRC. Three equity analysts rating the company a strong buy, six equity analysts rating the company a buy, twelve equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $74.05.
Brief Synopsis 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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