Wells Fargo (NYSE:WFC) analyst Jared Shaw maintained a Sell rating on First Republic Bank (NYSE:FRC) on Thursday, setting a price target of $150, which is approximately 21.28% below the present share price of $190.55.
Shaw expects First Republic Bank to post earnings per share (EPS) of $0.00 for the third quarter of 2021.
The current consensus among 15 TipRanks analysts is for a Hold rating of shares in First Republic Bank, with an average price target of $186.64.
The analysts price targets range from a high of $230 to a low of $150.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $1.12 billion and a net profit of $0. The company's market cap is $33.6 billion.
According to TipRanks.com, Wells Fargo analyst Jared Shaw is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 6.7% and a 55.88% success rate.
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.