Piper Sandler Maintains Neutral Rating for First Republic Bank: Here's What You Need To Know

Piper Sandler has decided to maintain its Neutral rating of First Republic Bank FRC and lower its price target from $15.00 to $13.00.

Shares of First Republic Bank are trading down 27.89% over the last 24 hours, at $11.54 per share.

A move to $13.00 would account for a 12.68% increase from the current share price.

About First Republic Bank

First Republic offers private banking and wealth management services to high net worth clients. Services are primarily offered in the San Francisco, New York City, and Los Angeles markets. The bank was founded in 1985.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.