First Republic Bank (NYSE:FRC) target price raised to $80.00, reported today by FBR & Co.
- Updated: October 14, 2016
Boasting a price of $73.99, 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
First Republic Bank (NYSE:FRC) had its target bumped up to $80.00 by FBR & Co. in an issued report announced 10/14/2016. The bumped up target suggests a potential upside of 0.08% from the company's most recent stock price close.
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First Republic Bank has a 52 week low of $56.32 and a 52 week high of $79.15 with a P/E ratio of 20.77 The company’s market cap is currently $0.
Also covering First Republic Bank's price target, a total of 19 analysts have released a report on First Republic Bank. The 12-month price target is $74.05 with three analysts rating the company a strong buy, six analysts rating the company a buy, 12 brokerages rating the stock a hold, 0 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On 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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