First Republic Bank Downgraded to Market Perform at BMO Capital Markets (FRC)
First Republic Bank (CNYSE:FRC) was downgraded by equities researchers at BMO Capital Markets to a “market perform” rating in a research report issued on Tuesday, Analyst Ratings.Net reports.
Shares of First Republic Bank (CNYSE:FRC) traded down 1.27% on Tuesday, hitting $50.67. The stock had a trading volume of 1,056,270 shares. First Republic Bank has a 1-year low of $34.18 and a 1-year high of $52.94. The stock’s 50-day moving average is $51.15 and its 200-day moving average is $46.66. The company has a market cap of $6.708 billion and a price-to-earnings ratio of 16.40.
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