Piper Jaffray reiterated their neutral score on shares of First Republic Bank (NYSE: FRC) in a research study note released to financiers on Thursday. The company currently has a $59.00 rate target on the stock.
Piper Jaffray has actually likewise taken action a variety of other financials stocks just recently. The firm stated its neutral score on shares of First Interstate Bancsystem Inc. They have a$29.00 rate target on that stock. Likewise, Piper Jaffray reiterated its obese rating on shares of East West Bancorp, Inc. They have a $50.00 cost target on that stock. Finally, Piper Jaffray repeated its neutral rating on shares of CVB Financial Corp. They have a $16.00 rate target on that stock.
Numerous other experts have likewise recently discussed the stock. Analysts at Evercore ISI raised their rate target on shares of First Republic Bank from $59.00 to $63.00 and offered the company a hold score in a research note on Friday, June 19th. Analysts at Barclays raised their cost target on shares of First Republic Bank from $62.00 to $72.00 and offered the company an obese rating in a research study note on Tuesday, June 16th. Experts at Zacks downgraded shares of First Republic Bank from a buy score to a hold rating in a research note on Monday, May 25th. Experts at Keefe, Bruyette Woods raised their rate target on shares of First Republic Bank from $55.00 to $60.00 and provided the company a market carry out score in a research note on Thursday, April 23rd. Lastly, analysts at RBC Capital raised their rate target on shares of First Republic Bank from $55.00 to $60.00 and provided the business a sector carry out rating in a research study note on Monday, April 20th. One analyst has ranked the stock with a sell score, eleven have released a hold rating and six have actually released a buy rating to the business. The company presently has an agreement rating of Hold and a consensus target rate of $58.80.
Shares of First Republic Bank (NYSE: FRC) traded up 0.97 % throughout mid-day trading on Thursday, hitting $64.33. 725,040 shares of the business stock traded hands. First Republic Bank has a 1-year low of $44.56 and a 1-year high of $64.63. The stocks 50-day moving average is $62. and its 200-day moving average is $56. The company has a market cap of $9.15 billion and a P/E ratio of 21.11.
First Republic Bank (NYSE: FRC) last released its quarterly earnings data on Thursday, April 16th. The business reported $0.71 incomes per share for the quarter, beating the experts agreement estimate of $0.69 by $0.02. The company had profits of $422.90 million for the quarter, compared to the consensus quote of $433.70 million. During the exact same quarter in 2013, the business posted $0.73 earnings per share. Usually, experts anticipate that First Republic Bank will certainly publish $3.12 revenues per share for the present financial year.
First Republic Bank and its subsidiaries offer private banking, personal business banking and private wealth management, consisting of effort, trust and brokerage services. The Company has workplaces in San Francisco, Palo Alto, L.a, Santa Barbara, Newport Beach, San Diego, Portland, Boston, Palm Beach, Greenwich and New york city City. The Companys items and services consist of residential loaning, office actualrealty financing, individual financing, private business banking, deposit services, investment management services, brokerage services and trust services. The Bank offers full-service banking on both coastlines, including free online banking, totally free expense pay and free access to automated teller machines (NYSE: FRC) across the world.
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