First Republic Bank Given Average Rating of “Buy” by Analysts (NYSE:FRC)
Shares of First Republic Bank (NYSE:FRC) have been given an average rating of “Buy” by the eighteen analysts that are presently covering the company, Stock Ratings Network.com reports. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $53.12.
A number of analysts have recently weighed in on FRC shares. Analysts at Zacks reiterated a “neutral” rating on shares of First Republic Bank in a research note on Tuesday. They now have a $51.00 price target on the stock. Separately, 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. Finally, 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.
First Republic Bank (NYSE:FRC) traded up 0.18% during mid-day trading on Wednesday, hitting $49.00. The stock had a trading volume of 131,428 shares. First Republic Bank has a one year low of $44.23 and a one year high of $56.18. The stock has a 50-day moving average of $47.64 and a 200-day moving average of $51.47. The company has a market cap of $6.765 billion and a price-to-earnings ratio of 16.41.
First Republic Bank (NYSE:FRC) last posted its quarterly earnings results 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. Analysts expect that First Republic Bank will post $2.95 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.