First Republic Bank (NYSE:FRC) had its target price hoisted by investment analysts at BMO Capital Markets from $95.00 to $111.00 in a note issued to investors on Friday. The firm currently has a “market perform” rating on the bank’s stock. BMO Capital Markets’ price target would indicate a potential upside of 7.18% from the company’s previous close.

FRC has been the topic of several other research reports. ValuEngine upgraded First Republic Bank from a “hold” rating to a “buy” rating in a research report on Wednesday, January 16th. Stephens upgraded First Republic Bank from an “equal weight” rating to an “overweight” rating in a research report on Thursday, December 20th. Robert W. Baird initiated coverage on First Republic Bank in a research report on Thursday, December 20th. They set a “neutral” rating and a $92.00 target price on the stock. Wells Fargo & Co upgraded First Republic Bank from a “market perform” rating to an “outperform” rating and set a $87.50 target price on the stock in a research report on Wednesday, January 2nd. Finally, Bank of America reiterated a “neutral” rating and set a $104.00 target price (up previously from $98.00) on shares of First Republic Bank in a research report on Tuesday, February 5th. Twelve analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $102.57.

Shares of FRC stock opened at $103.56 on Friday. The stock has a market capitalization of $16.34 billion, a P/E ratio of 21.53, a P/E/G ratio of 1.55 and a beta of 0.93. First Republic Bank has a 52-week low of $79.42 and a 52-week high of $106.75. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.99 and a current ratio of 0.99.

First Republic Bank (NYSE:FRC) last issued its quarterly earnings results on Tuesday, January 15th. The bank reported $1.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.05. First Republic Bank had a return on equity of 11.62% and a net margin of 23.88%. The firm had revenue of $810.75 million for the quarter, compared to analysts’ expectations of $812.10 million. During the same quarter in the previous year, the firm posted $1.10 EPS. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, equities research analysts forecast that First Republic Bank will post 5.34 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY boosted its stake in shares of First Republic Bank by 2.6% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 4,023 shares of the bank’s stock worth $350,000 after acquiring an additional 103 shares in the last quarter. Capital Insight Partners LLC boosted its stake in shares of First Republic Bank by 0.8% during the 4th quarter. Capital Insight Partners LLC now owns 15,707 shares of the bank’s stock worth $1,365,000 after acquiring an additional 125 shares in the last quarter. Bradley Foster & Sargent Inc. CT boosted its stake in shares of First Republic Bank by 2.2% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 5,875 shares of the bank’s stock worth $511,000 after acquiring an additional 125 shares in the last quarter. Wetherby Asset Management Inc. boosted its stake in shares of First Republic Bank by 4.9% during the 4th quarter. Wetherby Asset Management Inc. now owns 2,663 shares of the bank’s stock worth $231,000 after acquiring an additional 125 shares in the last quarter. Finally, Comerica Securities Inc. boosted its stake in shares of First Republic Bank by 4.1% during the 4th quarter. Comerica Securities Inc. now owns 4,084 shares of the bank’s stock worth $355,000 after acquiring an additional 160 shares in the last quarter.

About First Republic Bank

First Republic Bank, together with its subsidiaries, provides private banking, private business banking, real estate lending, and wealth management services to clients in metropolitan areas in the United States. It operates through two segments, Commercial Banking and Wealth Management. The company offers deposit products, such as checking, money market checking, savings, passbook deposits, and individual retirement accounts, as well as certificates of deposit.

Read More: The risks of owning bonds

Analyst Recommendations for First Republic Bank (NYSE:FRC)

Receive News & Ratings for First Republic Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Republic Bank and related companies with MarketBeat.com's FREE daily email newsletter.