First Republic Bank (FRC) to Release Quarterly Earnings on Thursday
First Republic Bank (NYSE:FRC) is set to announce its earnings results on Thursday, January 16th. Persons that are interested in participating in the company’s earnings conference call can do so using this link.
First Republic Bank (NYSE:FRC) opened at 51.62 on Wednesday. First Republic Bank has a 52-week low of $34.91 and a 52-week high of $52.94. The stock’s 50-day moving average is $51.41 and its 200-day moving average is $47.24. The company has a market cap of $6.834 billion and a P/E ratio of 16.48.
A number of analysts have recently weighed in on FRC shares. Analysts at Deutsche Bank raised their price target on shares of First Republic Bank from $52.00 to $56.00 in a research note to investors on Wednesday, January 8th. They now have a “hold” rating on the stock. On the ratings front, analysts at BMO Capital Markets downgraded shares of First Republic Bank from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, January 7th. They now have a $55.00 price target on the stock, up previously from $53.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of First Republic Bank in a research note to investors on Wednesday, December 4th. They now have a $53.00 price target on the stock. Ten investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. First Republic Bank currently has a consensus rating of “Hold” and an average price target of $53.18.
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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