FIRST REPUBLIC BANK with ticker code (FRC) have now 21 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 257 and 180 and has a mean target at 221.43. Now with the previous closing price of 192.06 this indicates there is a potential upside of 15.3%. The day 50 moving average is 209.67 and the 200 moving average now moves to 197.55. The company has a market cap of $32,261m. Company Website: https://www.firstrepublic.com
The potential market cap would be $37,194m based on the market concensus.
First Republic Bank, together with its subsidiaries, provides private banking, private business banking, and private wealth management services to clients in metropolitan areas in the United States. It operates through two segments, Commercial Banking and Wealth Management. The company accepts deposit products, such as checking, money market checking, savings, passbook deposits, and individual retirement accounts, as well as certificates of deposit. It also offers a range of lending products that comprise residential mortgage loans, home equity lines of credit, multifamily loans, commercial real estate and construction loans, personal and business loans, single family construction loans, and other loans and lines of credit to businesses and individuals. The company’s loans are secured by single family residences, multifamily buildings, and commercial real estate properties. In addition, it provides wealth management services, which include various investment strategies and products, online investment management services, trust and custody services, full service and online brokerage, financial and estate planning, and access to alternative investments, as well as investing, insurance, and foreign exchange services; and treasury services. Additionally, the company offers online and mobile banking services; refinancing services; and ATM and debit cards. As of December 31, 2020, the company offered its services through 92 offices, including 80 licensed deposit-taking offices in San Francisco, Palo Alto, Los Angeles, Santa Barbara, Newport Beach, and San Diego, California; Portland, Oregon; Boston, Massachusetts; Palm Beach, Florida; Greenwich, Connecticut; New York, New York; and Jackson, Wyoming, as well as 12 additional offices that provided lending, wealth management, and trust services. First Republic Bank was founded in 1985 and is headquartered in San Francisco, California.
