Forbright (NASDAQ:FRBT) Upgraded by Piper Sandler to “Hold” Rating

Piper Sandler upgraded shares of Forbright (NASDAQ:FRBT) to a hold rating in a research report sent to investors on Monday,Zacks.com reports.

Several other equities research analysts have also weighed in on FRBT. The Goldman Sachs Group initiated coverage on Forbright in a research note on Monday. They issued a “buy” rating and a $23.50 price objective on the stock. JPMorgan Chase & Co. assumed coverage on Forbright in a research report on Monday. They issued a “neutral” rating and a $21.00 price target on the stock. Wells Fargo & Company assumed coverage on Forbright in a research note on Monday. They set an “overweight” rating and a $21.00 price objective for the company. Wall Street Zen raised Forbright to a “hold” rating in a report on Saturday, June 20th. Finally, TD Cowen started coverage on shares of Forbright in a research note on Monday. They issued a “buy” rating on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $22.00.

Forbright Price Performance

NASDAQ:FRBT traded down $0.13 during mid-day trading on Monday, hitting $18.90. The company’s stock had a trading volume of 6,870 shares, compared to its average volume of 119,832. Forbright has a fifty-two week low of $17.48 and a fifty-two week high of $20.65.