Were Analysts Bullish First Republic Bank (NYSE:FRC) This Week?

May 18, 2018 - By Margarite Burden

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First Republic Bank (NYSE:FRC) Ratings Coverage

Among 10 analysts covering First Republic Bank (NYSE:FRC), 2 have Buy rating, 0 Sell and 8 Hold. Therefore 20% are positive. First Republic Bank had 26 analyst reports since November 29, 2017 according to SRatingsIntel. On Thursday, January 4 the stock rating was maintained by Sandler O’Neill with “Hold”. The firm has “Hold” rating by BMO Capital Markets given on Friday, March 23. The rating was maintained by BMO Capital Markets on Monday, December 18 with “Hold”. The stock of First Republic Bank (NYSE:FRC) earned “Hold” rating by BMO Capital Markets on Tuesday, January 16. Keefe Bruyette & Woods maintained First Republic Bank (NYSE:FRC) on Tuesday, December 12 with “Hold” rating. The stock of First Republic Bank (NYSE:FRC) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21. The firm has “Hold” rating by Keefe Bruyette & Woods given on Wednesday, November 29. The firm has “Buy” rating by Maxim Group given on Thursday, January 4. Barclays Capital maintained it with “Hold” rating and $101.0 target in Tuesday, January 2 report. Morgan Stanley maintained First Republic Bank (NYSE:FRC) rating on Thursday, December 14. Morgan Stanley has “Equal-Weight” rating and $106 target. Below is a list of First Republic Bank (NYSE:FRC) latest ratings and price target changes.

18/04/2018 Broker: Jefferies Rating: Hold New Target: $88.0000 Maintain
13/04/2018 Broker: RBC Capital Markets Rating: Hold New Target: $96.0000 Maintain
13/04/2018 Broker: Sandler O’Neill Rating: Hold New Target: $97.0000 Maintain
13/04/2018 Broker: Maxim Group Rating: Buy New Target: $110.0000 Maintain
04/04/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $94.0000 Maintain
29/03/2018 Broker: Sandler O’Neill Rating: Hold New Target: $96.0000 Maintain
23/03/2018 Broker: BMO Capital Markets Rating: Hold New Target: $96.0000 Maintain
22/03/2018 Broker: UBS Rating: Neutral New Target: $100 Initiates Coverage On
06/03/2018 Broker: Barclays Capital Old Rating: Equal-Weight New Rating: Overweight New Target: $110 Upgrade
26/02/2018 Broker: Keefe Bruyette & Woods Rating: Hold New Target: $95.0 Maintain

The stock decreased 0.08% or $0.08 during the last trading session, reaching $99.04. About 817,498 shares traded. First Republic Bank (NYSE:FRC) has risen 0.07% since May 18, 2017 and is uptrending. It has underperformed by 11.48% the S&P500.

First Republic Bank, together with its subsidiaries, provides private banking, private business banking, real estate lending, and wealth management services to clients in metropolitan areas of the United States. The company has market cap of $16.04 billion. It operates through two divisions, Commercial Banking and Wealth Management. It has a 22.36 P/E ratio. The firm offers deposit products, such as checking, money market checking, savings, and passbook deposits, as well as certificates of deposit.

More news for First Republic Bank (NYSE:FRC) were recently published by: Bizjournals.com, which released: “Inside First Republic Bank’s culture of success” on May 17, 2018. Bizjournals.com‘s article titled: “Why First Republic Bank is chasing the wealthy in Wyoming” and published on May 07, 2018 is yet another important article.

First Republic Bank (NYSE:FRC) Ratings Chart

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