Get 40% Off
🤯 This Tech Portfolio is up 29% YTD! Join Now to Get April’s Top PicksGet The Picks – Just 99 USD

Maxim Group Stick to Their Buy Rating for First Republic Bank

Published 07/16/2020, 07:22 AM
Updated 07/16/2020, 07:22 AM


Maxim (NASDAQ:MXIM) Group analyst Michael Diana reiterated a Buy rating on First Republic Bank (NYSE:FRC) on Wednesday, setting a price target of $128, which is approximately 17.73% above the present share price of $108.72.

Diana expects First Republic Bank to post earnings per share (EPS) of $1.20 for the third quarter of 2020.

The current consensus among 13 TipRanks analysts is for a Moderate Buy rating of shares in First Republic Bank, with an average price target of $115.31.
The analysts price targets range from a high of $140 to a low of $85.

In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $899.97 million and a net profit of $0. The company's market cap is $19.04 billion.

According to TipRanks.com, Maxim Group analyst Michael Diana is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -5.6% and a 46.62% success rate.

First Republic Bank engages in the provision of private banking, business banking, real estate lending, and wealth management, including trust and custody services. It operates through the Commercial Banking and Wealth Management segments. The Commercial Banking segment represents most of the operations, including real estate secured lending, retail deposit gathering, private banking activities, mortgage sales and servicing, and managing capital, liquidity, and interest rate risk. The Wealth Management segment consists of the investment management activities of FRIM, First Republic Trust Company, FRTC Delaware, mutual fund activities through third-party providers, the brokerage activities of FRSC, and foreign exchange activities conducted on behalf of clients. The company was founded by James H. Herbert II in February 1985 and is headquartered in San Francisco, CA.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.