Morgan Stanley analyst Ken Zerbe maintained a Hold rating on First Republic Bank (FRC) today and set a price target of $95. The company’s shares closed yesterday at $92.57.
According to TipRanks.com, Zerbe is a 4-star analyst with an average return of 9.9% and a 60.0% success rate. Zerbe covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Huntington Bancshares Inc, and People’s United Financial.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for First Republic Bank with a $101.10 average price target.
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The company has a one-year high of $106.75 and a one-year low of $84.48. Currently, First Republic Bank has an average volume of 1.3M.
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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.
