First Republic Bank (FRC) Receives a Hold from RBC Capital

In a report issued on July 13, Jon Arfstrom from RBC Capital maintained a Hold rating on First Republic Bank (FRCResearch Report), with a price target of $180.00. The company’s shares closed last Thursday at $150.98.

According to TipRanks.com, Arfstrom is a 5-star analyst with an average return of 20.1% and a 53.5% success rate. Arfstrom covers the Financial sector, focusing on stocks such as Zions Bancorporation National Association, Old National Bancorp Capital, and Provident Financial Services.

Currently, the analyst consensus on First Republic Bank is a Moderate Buy with an average price target of $171.50, which is an 11.2% upside from current levels. In a report issued on July 11, Jefferies also maintained a Hold rating on the stock with a $171.00 price target.

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First Republic Bank’s market cap is currently $26.64B and has a P/E ratio of 18.80.

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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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