First Republic Bank Reaches New 12-Month High at $46.13 (FRC)
First Republic Bank (NYSE:FRC)’s share price reached a new 52-week high during trading on Monday, Analyst Ratings.Net reports. The stock traded as high as $46.13 and last traded at $46.03, with a volume of 386,429 shares traded. The stock had previously closed at $45.55.
A number of analysts have recently weighed in on FRC shares. Analysts at Zacks reiterated a “neutral” rating on shares of First Republic Bank (NYSE:FRC) in a research note to investors on Thursday. They now have a $48.00 price target on the stock. Separately, analysts at BMO Capital Markets reiterated an “outperform” rating on shares of First Republic Bank (NYSE:FRC) in a research note to investors on Thursday. They now have a $50.00 price target on the stock, up previously from $46.00. Finally, analysts at Keefe, Bruyette & Woods raised their price target on shares of First Republic Bank (NYSE:FRC) from $41.00 to $46.00 in a research note to investors on Monday, July 22nd.
Five analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $45.33.
First Republic Bank has a 52-week low of $31.42 and a 52-week high of $46.01. The stock’s 50-day moving average is $44.49 and its 200-day moving average is $40.05. The company has a market cap of $6.067 billion and a price-to-earnings ratio of 14.69.
First Republic Bank (NYSE:FRC) last issued its quarterly earnings data on Wednesday, July 17th. The company reported $0.77 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.74 by $0.03. During the same quarter last year, the company posted $0.60 earnings per share. Analysts expect that First Republic Bank will post $3.14 EPS for the current fiscal year.
First Republic Bank is a full-service bank and wealth management firm. First Republic Bank and its subsidiaries provide private banking, private business banking and private wealth management, including investment, trust and brokerage services.
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