Republic First Bancorp (FRBK) Getting Somewhat Favorable Press Coverage, Accern Reports

Media coverage about Republic First Bancorp (NASDAQ:FRBK) has been trending somewhat positive on Saturday, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Republic First Bancorp earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media stories about the bank an impact score of 46.4434002499903 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Republic First Bancorp (NASDAQ FRBK) traded down 2.31% during trading on Friday, hitting $8.45. The stock had a trading volume of 173,778 shares. Republic First Bancorp has a 1-year low of $3.70 and a 1-year high of $9.90. The firm’s 50 day moving average is $9.11 and its 200 day moving average is $8.61. The firm has a market cap of $481.40 million, a price-to-earnings ratio of 61.68 and a beta of 1.03.

Republic First Bancorp (NASDAQ:FRBK) last posted its quarterly earnings results on Thursday, July 20th. The bank reported $0.04 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.04. The company had revenue of $20.24 million for the quarter. Republic First Bancorp had a return on equity of 3.45% and a net margin of 7.37%. On average, analysts anticipate that Republic First Bancorp will post $0.16 earnings per share for the current year.

Several research firms recently weighed in on FRBK. BidaskClub downgraded Republic First Bancorp from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. Keefe, Bruyette & Woods set a $9.00 target price on Republic First Bancorp and gave the stock a “hold” rating in a research report on Sunday, July 23rd.

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About Republic First Bancorp

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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