First Republic Bank (NYSE:FRC) last session’s volume of 0.96 million shares was lower than its average volume of 1.15 million shares. The stock, after opening at $92.05, hit $94.59 through the close by scoring 2.78%.First Republic Bank (FRC) Analyst Opinion
First Republic Bank has a consensus outperform rating from 22 Wall Street analysts, and the number of shares currently sold short amount to at least 2% of shares outstanding. The stock sank -2.38% last month and is up 2.84 this year. Wall Street is only getting more bullish on the stock, with 9 of analysts who cover FRC having a buy-equivalent rating. Analysts have placed a $101.45 price target on First Republic Bank, suggesting a 7.25% gain from recent close. It’s currently trading about -2.91% below its 52-week high.First Republic Bank Earnings Surprise
First Republic Bank (FRC) surprised the stock market in its last reported earnings when it earned $1.03 a piece versus the consensus-estimated $1.01. Its revenue totaled $620.92 million up 3.09% from the previous quarter. Expect increased sales in the current quarter as well. As per the consensus estimate, the company’s year-on-year revenue growth is expected to be at 15.3% during the period. Last year, it had about $559 million of revenue.
This stock (FRC) is ahead of its 52-week low with 48.94%. Its last month’s stock price volatility remained 2.39% which for the week stands at 1.92%. The share price has moved forward from its 20 days moving average, trading at a distance of 0.45% and stays 0.13% away from its 50 days moving average. Over the last five days, shares have managed 4.25% gains and now is up 15.7% since hitting its 200-day moving average of $86.6. First Republic Bank (FRC) has made its way to a 12-month gain of 43.13%.
Turning to Sterling Bancorp (NYSE:STL), its shares were trading at $24.1 a gain of $0.65, on the trading floor. The stock, after opening at $23.5, touched a high of $24.2 before paring much of its gains. So far, analysts are sticking with their neutral recommendations with the consensus call at 2.5. Sterling Bancorp has 2 buy ratings, 0 holds and 0 sells even after the stock tumbled -6.77% from its high of $25.85 to a $3.24 billion market value through 3/30/2017.Sterling Bancorp (STL) Consensus Price Target
The company’s consensus rating on Reuter’s scale slipped from 2 to 1.78 during a month. Analysts set a 12-month price target of $14.75 a share. The target implies a -38.8% decrease from where the shares are currently trading. Also, the current price highlights a discount of -37.76% to analysts’ high consensus price target.Sterling Bancorp EPS Forecast
The earnings of Sterling Bancorp (STL) will be compared to $0.17 a year-ago quarter. This quarter analysts say they expect sales to move at $34.78 million — higher from $34.31 million the year before.Sterling Bancorp (NYSE:STL) Intraday Trading
The counter witnessed a trading volume of 1.85 million shares versus an average volume of 1.42 million shares during last trading session. Its last month’s stock price volatility remained 2.63% which for the week approaches 2.97. The lowest price the stock reached on 3/30/2017 was $23.35 and compares with the $14.55 52-week low. The stock recovered 67.49% since its low point and has performed 3.3% year-to-date.