FIRST REPUBLIC BANK – Consensus Indicates Potential 75.2% Upside

Broker Ratings

FIRST REPUBLIC BANK with ticker code (FRC) have now 22 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 185 and 97 and has a mean target at $143.23. Now with the previous closing price of $81.76 this would indicate that there is a potential upside of 75.2%. Also worth taking note is the 50 day moving average now sits at $126.72 while the 200 day moving average is $136.35. The market cap for the company is $5,812m. Visit the company website at:

The potential market cap would be $10,181m based on the market concensus.

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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 in two segments, Commercial Banking and Wealth Management. The company accepts deposit products, such as noninterest-bearing checking, interest-bearing checking, money market checking accounts, money market savings accounts, and passbook 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, trust and custody, full service and online brokerage, financial and estate planning, and access to alternative investments, as well as investing, insurance, and foreign exchange services. Further, the company offers online and mobile banking services; refinancing services; and ATM and debit cards. First Republic Bank was founded in 1985 and is headquartered in San Francisco, California.

The company has a dividend yield of 1.12% with the ex dividend date set at 25-1-2023 (DMY).

Other points of data to note are a P/E ratio of 4.45, revenue per share of 31.81 and a 0.85% return on assets.

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