First Republic Bank (FRC) saw a big move last session, as the company’s shares fell by over 15% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $54.22 to $55.62 in the past one-month time frame.

Although this slump was obviously disappointing, the company has seen 2 positive revisions and its current year earnings consensus has moved higher over the past few weeks. This suggests that the recent slump might be a temporary blip on the radar for FRC. So make sure to keep an eye on this stock going forward to see if yesterday’s price decline is confirmed by more weakness, or if it can rebound in the weeks ahead.

FRC currently has a Zacks Rank #3 (Hold).

Some better-ranked western bank stocks include Central Pacific Financial Corp. (CPF), PacWest Bancorp (PACW) and Cascade Bancorp (CACB). While Central Pacific Financial and PacWest Bancorp carry a Zacks Rank #1 (Strong Buy), Cascade Bancorp holds a Zacks Rank #2 (Buy).

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