In a report released yesterday, Michael Diana from Maxim Group reiterated a Buy rating on First Republic Bank (FRC – Research Report), with a price target of $250.00. The company’s shares closed last Friday at $155.80.
According to TipRanks.com, Diana is a 5-star analyst with an average return of 9.6% and a 43.5% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Generation Income Properties, and Westamerica Bancorporation.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for First Republic Bank with a $180.25 average price target, representing a 17.3% upside. In a report issued on July 1, Atlantic Equities also upgraded the stock to Buy with a $188.00 price target.
First Republic Bank’s market cap is currently $27.98B and has a P/E ratio of 19.25.
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First Republic Bank is a commercial bank and primarily operates in the metropolitan areas of the United States. The company provides personalized, preferred business banking, relationship-based preferred banking, real-estate lending, trust and wealth management services.
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