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First Republic Bank (NYSE:FRC)‘s stock had its “neutral” rating reiterated by Zacks in a research report issued to clients and investors on Tuesday. They currently have a $51.00 target price on the stock. Zacks‘s price target points to a potential upside of 4.29% from the stock’s previous close.

Zacks’ analyst wrote, “First Republic’s second-quarter 2014 earnings came in line with the Zacks Consensus Estimate and the prior-year quarter figure as well. Results reflected the company’s organic growth based on increase in revenues as well as deposits and loans. However, these positives were offset by a rise in expenses and provision for credit losses. We remain optimistic about the company’s prospects as its total assets are expected to reach at least $50 billion by 2015. Further, First Republic’s strong fundamentals and earnings strength are expected to drive growth in the coming quarters. However, the unsettled economy, a still low interest rate environment and stringent regulatory issues are matters of concern.”

Shares of First Republic Bank (NYSE:FRC) traded down 0.70% during mid-day trading on Tuesday, hitting $48.56. 374,042 shares of the company’s stock traded hands. First Republic Bank has a 52-week low of $44.23 and a 52-week high of $56.18. The stock’s 50-day moving average is $47.97 and its 200-day moving average is $51.45. The company has a market cap of $6.705 billion and a P/E ratio of 16.41.

First Republic Bank (NYSE:FRC) last released its earnings data on Wednesday, July 16th. The company reported $0.76 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.76. The company had revenue of $388.80 million for the quarter, compared to the consensus estimate of $410.56 million. During the same quarter last year, the company posted $0.77 earnings per share. First Republic Bank’s revenue was up 17.2% compared to the same quarter last year. On average, analysts predict that First Republic Bank will post $2.95 EPS for the current fiscal year.

A number of other firms have also recently commented on FRC. Analysts at Keefe, Bruyette & Woods cut their price target on shares of First Republic Bank from $60.00 to $56.00 in a research note on Friday, July 18th. Separately, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of First Republic Bank in a research note on Thursday, July 17th. They now have a $43.00 price target on the stock, down previously from $58.00. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of First Republic Bank in a research note on Thursday, July 17th. They now have a $58.00 price target on the stock, down previously from $62.50. Seven investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $53.12.

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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