Impact of Brokerage Rating on FIRST REPUBLIC BANK(FRC)

Many FIRST REPUBLIC BANK(FRC) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. First Republic Bank was Initiated by JMP Securities to Mkt Outperform on Feb 2, 2017. Company shares were Reiterated by FBR & Co. on Jan 17, 2017 to Outperform, Raises Price Target to $ 105 from a previous price target of $100 .Company shares were Reiterated by Maxim Group on Jan 17, 2017 to Buy, Raises Price Target to $ 105 from a previous price target of $100 .First Republic Bank was Downgraded by Wells Fargo to Market Perform on Jan 9, 2017. Company shares were Upgraded by FBR & Co. on Dec 20, 2016 to Outperform, Raises Price Target to $ 100 from a previous price target of $85 .

First Republic Bank Last issued its quarterly earnings results on Jan 13, 2017. The company reported $1.03 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $1.02. The company had revenue of $599.50 million for the quarter, compared to analysts expectations of $623.91 million. The companys revenue was up 21.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS.

FIRST REPUBLIC BANK (NYSE:FRC) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 2 by 11 Brokerage Firm. 5 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 5 Brokerage Firms have advised hold.

FIRST REPUBLIC BANK (NYSE:FRC): The stock price is expected to reach $ 96.83 in the short term. The number of analysts agreeing with this consensus is 12. The higher estimate for the short term price target is at $106 while the lower estimate is at $73. The standard deviation of the price stands at $10.16.

FIRST REPUBLIC BANK (NYSE:FRC) rose 0.04% or 0.04 points on Tuesday and made its way into the gainers of the day. After trading began at $96.12 the stock was seen hitting $97.0141 as a peak level and $95.74 as the lowest level. The stock ended up at $96.42. The daily volume was measured at 942,144 shares. The 52-week high of the share price is $97.29 and the 52-week low is $57.89. The company has a market cap of $14,877 million.

First Republic Bank operates as a commercial bank offering private banking, business banking, real estate lending and wealth management services in California. The banks services are catered to accounting firms, architecture and design, business management firms, entertainment/media, family offices, hedge funds, independent schools, investment firms, law firms, medical firms, non-profit organizations, private equity funds/firms, property management firms, venture capital firms and etc. Services offered by First Republic include asset allocation, trust administration, custody, asset management, brokerage, private placements, ATM rebate checking, money market checking, passbook savings, and certificates of deposit and etc. The Companys product include family mortgages, co-op and condominium loans, home equity lines of credit, bridge loans, and construction-to-permanent loans; commercial lending and personal lending. First Republic Bank is headquartered in San Francisco, California.

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