There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on First Republic Bank (FRC – Research Report) and PennyMac Financial (PFSI – Research Report) with bullish sentiments.
First Republic Bank (FRC)
Wedbush analyst David Chiaverini maintained a Buy rating on First Republic Bank today and set a price target of $130.00. The company’s shares closed last Wednesday at $112.21, close to its 52-week low of $106.86.
According to TipRanks.com, Chiaverini is a 3-star analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for First Republic Bank with a $143.44 average price target.
See the top stocks recommended by analysts >>
PennyMac Financial (PFSI)
In a report issued on November 8, Eric Hagen from BTIG maintained a Buy rating on PennyMac Financial, with a price target of $65.00. The company’s shares closed last Wednesday at $50.78.
According to TipRanks.com, Hagen is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of
PennyMac Financial has an analyst consensus of Strong Buy, with a price target consensus of $64.20, implying a 25.9% upside from current levels. In a report issued on October 28, Piper Sandler also maintained a Buy rating on the stock with a $82.00 price target.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Read More on FRC:
- Analysts Offer Insights on Healthcare Companies: Delcath Systems (DCTH), Curis (CRIS) and AquaBounty Technologies (AQB)
- Analysts Offer Insights on Materials Companies: Calumet Specialty Products (CLMT), First Majestic Silver (AG) and Curaleaf Holdings (OtherCURLF)
- TIYA Pursues ISO Certification to Affirm Commitment to Global User Data Security and Privacy
- PRIMO WATER CORPORATION ANNOUNCES THIRD QUARTER 2022 RESULTS, INCREASES 2022 FULL YEAR REVENUE GUIDANCE AND INCREASES 2024 EARNINGS TARGETS
- Himax Technologies, Inc. Reports Third Quarter 2022 Financial Results; Provides Fourth Quarter 2022 Guidance
