JPMorgan Chase & Co. Issues Positive Forecast for Forbright (NASDAQ:FRBT) Stock Price

Forbright (NASDAQ:FRBT) had its price target raised by JPMorgan Chase & Co. from $21.00 to $23.00 in a research report released on Friday,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also commented on the stock. TD Cowen assumed coverage on shares of Forbright in a report on Monday, July 6th. They issued a “buy” rating on the stock. The Goldman Sachs Group began coverage on shares of Forbright in a report on Monday, July 6th. They set a “buy” rating and a $23.50 price objective for the company. Piper Sandler began coverage on shares of Forbright in a research report on Monday, July 6th. They issued a “neutral” rating and a $21.50 target price for the company. Wall Street Zen raised Forbright from a “sell” rating to a “hold” rating in a research note on Monday, July 20th. Finally, Barclays started coverage on Forbright in a research report on Monday, July 6th. They set an “overweight” rating and a $23.00 price target on the stock. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.40.

Forbright Trading Up 0.8%

FRBT stock opened at $19.78 on Friday. Forbright has a 1-year low of $17.48 and a 1-year high of $22.00.

Forbright (NASDAQ:FRBT) last announced its earnings results on Thursday, July 30th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.04). The business had revenue of $84.99 million for the quarter, compared to analyst estimates of $85.24 million.

Forbright, Inc is a finance company in the Regional Banks industry.