TIAA CREF Investment Management LLC increased its stake in Republic First Bancorp, Inc. (NASDAQ:FRBK) by 4.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 110,059 shares of the bank’s stock after buying an additional 5,154 shares during the period. TIAA CREF Investment Management LLC owned about 0.19% of Republic First Bancorp worth $913,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of FRBK. State Street Corp increased its position in Republic First Bancorp by 112.9% in the fourth quarter. State Street Corp now owns 693,145 shares of the bank’s stock valued at $5,788,000 after buying an additional 367,583 shares during the last quarter. Bank of New York Mellon Corp increased its position in Republic First Bancorp by 41.9% in the first quarter. Bank of New York Mellon Corp now owns 281,295 shares of the bank’s stock valued at $2,335,000 after buying an additional 83,048 shares during the last quarter. Gilder Gagnon Howe & Co. LLC increased its position in Republic First Bancorp by 2,559.5% in the first quarter. Gilder Gagnon Howe & Co. LLC now owns 185,552 shares of the bank’s stock valued at $1,540,000 after buying an additional 178,575 shares during the last quarter. Conservest Capital Advisors Inc. bought a new position in Republic First Bancorp during the first quarter valued at about $1,255,000. Finally, Teachers Advisors LLC increased its position in Republic First Bancorp by 36.1% in the fourth quarter. Teachers Advisors LLC now owns 72,110 shares of the bank’s stock valued at $602,000 after buying an additional 19,136 shares during the last quarter. Institutional investors own 56.18% of the company’s stock.
Republic First Bancorp, Inc. (NASDAQ:FRBK) traded down 0.59% on Friday, hitting $8.45. 198,756 shares of the stock traded hands. The stock has a market cap of $481.40 million, a price-to-earnings ratio of 61.68 and a beta of 1.03. The firm’s 50 day moving average is $9.02 and its 200 day moving average is $8.65. Republic First Bancorp, Inc. has a 52 week low of $3.70 and a 52 week high of $9.90.
Republic First Bancorp (NASDAQ:FRBK) last issued its quarterly earnings data on Thursday, July 20th. The bank reported $0.04 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. The company had revenue of $20.24 million for the quarter. Republic First Bancorp had a net margin of 7.37% and a return on equity of 3.45%. Equities analysts anticipate that Republic First Bancorp, Inc. will post $0.16 earnings per share for the current year.
Several research analysts have recently issued reports on FRBK shares. Keefe, Bruyette & Woods set a $9.00 price objective on shares of Republic First Bancorp and gave the stock a “hold” rating in a report on Sunday, July 23rd. BidaskClub downgraded shares of Republic First Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd.
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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