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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 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.

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