BidaskClub downgraded shares of Republic First Bancorp, Inc. (NASDAQ:FRBK) from a hold rating to a sell rating in a research note released on Wednesday morning.
Separately, Keefe, Bruyette & Woods set a $9.00 price objective on shares of Republic First Bancorp and gave the company a hold rating in a research note on Sunday, July 23rd.
Shares of Republic First Bancorp (NASDAQ FRBK) traded up 1.12% during trading on Wednesday, reaching $9.00. The company’s stock had a trading volume of 76,801 shares. The stock’s 50 day moving average price is $9.26 and its 200-day moving average price is $8.56. The firm has a market cap of $512.50 million, a PE ratio of 65.69 and a beta of 1.03. Republic First Bancorp has a 12 month low of $3.70 and a 12 month high of $9.90.
Republic First Bancorp (NASDAQ:FRBK) last posted its quarterly earnings data on Thursday, July 20th. The bank reported $0.04 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. The firm had revenue of $20.24 million during the quarter. Republic First Bancorp had a net margin of 7.37% and a return on equity of 3.63%. Equities analysts predict that Republic First Bancorp will post $0.16 EPS for the current year.
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Large investors have recently modified their holdings of the company. Legal & General Group Plc raised its stake in shares of Republic First Bancorp by 0.8% in the first quarter. Legal & General Group Plc now owns 13,150 shares of the bank’s stock valued at $109,000 after buying an additional 98 shares during the last quarter. Guggenheim Capital LLC raised its stake in shares of Republic First Bancorp by 46.7% in the fourth quarter. Guggenheim Capital LLC now owns 15,821 shares of the bank’s stock valued at $132,000 after buying an additional 5,033 shares during the last quarter. Two Sigma Investments LP bought a new stake in shares of Republic First Bancorp during the fourth quarter valued at about $183,000. Cordasco Financial Network raised its stake in shares of Republic First Bancorp by 10.0% in the first quarter. Cordasco Financial Network now owns 22,000 shares of the bank’s stock valued at $183,000 after buying an additional 2,000 shares during the last quarter. Finally, Palisades Hudson Asset Management L.P. bought a new stake in shares of Republic First Bancorp during the second quarter valued at about $194,000. Institutional investors own 52.81% of the company’s stock.
Republic First Bancorp Company Profile
Republic First Bancorp, Inc is a holding company for Republic First Bank (Republic or the Bank), which does business under the name Republic Bank. The Company’s community banking segment encompasses the commercial loan and deposit activities of Republic, as well as consumer loan products in the areas surrounding its store network.
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