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

Forbright (NASDAQ:FRBT) was upgraded by Piper Sandler to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

FRBT has been the subject of a number of other research reports. Wells Fargo & Company started coverage on shares of Forbright in a research note on Monday. They issued an “overweight” rating and a $21.00 target price for the company. TD Cowen initiated coverage on Forbright in a report on Monday. They set a “buy” rating on the stock. JPMorgan Chase & Co. initiated coverage on Forbright in a research note on Monday. They issued a “neutral” rating and a $21.00 target price for the company. Wall Street Zen raised Forbright to a “hold” rating in a report on Saturday, June 20th. Finally, Barclays assumed coverage on shares of Forbright in a research report on Monday. They set an “overweight” rating and a $23.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $22.00.

Forbright Price Performance

Shares of NASDAQ FRBT traded down $0.13 during midday trading on Monday, reaching $18.90. 6,622 shares of the company traded hands, compared to its average volume of 119,832. Forbright has a 12 month low of $17.48 and a 12 month high of $20.65.