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Zacks Investment Research upgraded First Republic Bank (NYSE:FRC) to Hold in a report released today.

Just yesterday First Republic Bank (NYSE:FRC) traded 0.79% higher at $100.01. First Republic Bank’s 50-day moving average is $97.82 and its 200-day moving average is $96.18. The last stock price is up 0.33% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has increased 0.04% over the same time period. 1,304,744 shares of FRC traded hands, up from an average trading volume of 656,327

Zacks Investment Research has upgraded First Republic Bank (NYSE:FRC) to Hold in a report released on 6/21/2017.

Recent Performance Chart

First Republic Bank (NYSE:FRC)

First Republic Bank has 52 week low of $72.40 and a 52 week high of $104.17 with a PE ratio of 23.54 and has a market capitalization of $0.

In addition to Zacks Investment Research reporting its stock price target, a total of 19 brokerages have issued a research note on the company. The average stock price target is $74.05 with 3 brokerages rating the stock a strong buy, 6 brokerages rating the stock 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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