Jefferies Remains a Buy on First Republic Bank

By Carrie Williams

In a report released yesterday, Ken Usdin from Jefferies reiterated a Buy rating on First Republic Bank (NYSE: FRC), with a price target of $109. The company’s shares closed yesterday at $96.50.

According to, Usdin is a top 100 analyst with an average return of 16.4% and a 69.5% success rate. Usdin covers the Financial sector, focusing on stocks such as Government Properties Income Trust, Old National Bancorp Capital, and Discover Financial Services.

First Republic Bank has an analyst consensus of Moderate Buy, with a price target consensus of $103.86.

The company has a one year high of $104.17 and a one year low of $72.40. Currently, First Republic Bank has an average volume of 643.3K.

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First Republic Bank, Inc. engages in the provision of private banking, private business banking, and private wealth management, including investment, trust and brokerage services through its subsidiaries. Its services includes checking, savings, money market, online and mobile banking, automated teller machine (ATM) card and ATM/debit card, student loan refinancing, residential and personal lending, foreign exchange, business lending by industry, general business loans, commercial real estate and construction loans, business lines of credit, corporate online, treasury services, endowment management, and financial planning. The company was founded by James H. Herbert II in February 1985 and is headquartered in San Francisco, CA.