FRC - Shares of FIRST REPUBLIC BANK (FRC) Have Risen Above Previous 52-Week High
Shares of FIRST REPUBLIC BANK (NYSE:FRC) traded today at $184.10, eclipsing its 52-week high. Approximately 138,000 shares have changed hands today, as compared to an average 30-day volume of 792,000 shares.
First Republic Bank is engaged in providing personalized, relationship-based services, including private banking, private business banking, real estate lending, and wealth management services. The group operates its business through two business segments: Commercial Banking and Wealth Management. The principal business activities of the Commercial Banking segment are attracting funds from the general public, originating loans, and investing in investment securities. The Wealth Management segment consists of the investment management activities of FRIM, the Bank's mutual fund activities through third-party providers, the brokerage activities of FRSC, and the Bank's foreign exchange activities conducted on behalf of clients.
Based on a current price of $183.30, FIRST REPUBLIC BANK is currently 1.1% above its average consensus analyst price target of $181.27.
Over the past year, FIRST REPUBLIC BANK has traded in a range of $92.13 to $184.10 and is now at $183.30, 99% above that low.
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