FRC Stock Crash
First Republic Bank (FRC.N) saw its market value dip below $1 billion for the first time ever after news broke that the US government was unwilling to intervene in the bank’s rescue process. Shares in the San Francisco-based bank were halted multiple times as trading activity intensified.
The bank has been looking at several options, such as selling assets or creating a “bad bank”, a crisis-type method of isolating financial assets with problems. FRC’s advisers have already lined up potential purchasers of new stock in the lender if they can fix the bank’s balance sheet, according to a report.
FRC Stock Forecast and Analysis
According to the opinion of 29 analysts, the average analyst target price for the First Republic’s stock over the next 12 months is USD 12.36. Additionally, the average analyst rating for the stock is a “Hold”, which means that they believe the stock will perform at a rate that is similar to the market average.
Stock Target Advisor, which conducts its own stock analysis, has given First Republic Bank a Neutral rating, which is based on 7 positive signals and 7 negative signals. This means that they have identified an equal number of positive and negative factors that are likely to affect the company’s stock price.
As of the last closing, the stock price for First Republic Bank was USD 8.10, which is significantly lower than the average analyst target price. The company’s stock price has also been experiencing a decline recently. Over the past week, the stock price has fallen by 35.61%, while over the past month, it has fallen by 34.47%. Over the last year, the stock price has experienced a significant decrease of 94.82%.
The current stock forecast for First Republic Bank suggests that the company’s stock price may experience some volatility in the short term, but the average analyst target price indicates that there is potential for growth over the next 12 months. It is important to note, however, that there are both positive and negative factors affecting the stock price, and investors should consider both before making any decisions.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.
