In a report released today, Ken Zerbe from Morgan Stanley maintained a Hold rating on First Republic Bank (FRC), with a price target of $94. The company’s shares opened today at $87.79.
According to TipRanks.com, Zerbe is a 4-star analyst with an average return of 8.7% and a 62.1% success rate. Zerbe covers the Financial sector, focusing on stocks such as Huntington Bancshares Inc, People’s United Financial, and TCF Financial Corporation.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for First Republic Bank with a $99.50 average price target, implying a 13.3% upside from current levels. In a report released yesterday, Raymond James also downgraded the stock to Hold.
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The company has a one-year high of $106.75 and a one-year low of $79.42. Currently, First Republic Bank has an average volume of 2.05M.
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First Republic Bank engages in the provision of private banking, business banking, real estate lending, and wealth management, including trust and custody services. It operates through the Commercial Banking and Wealth Management segment.
