Morgan Stanley Has $1.24 Million Holdings in Republic First Bancorp, Inc. (FRBK)

Morgan Stanley trimmed its position in Republic First Bancorp, Inc. (NASDAQ:FRBK) by 31.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 149,513 shares of the bank’s stock after selling 68,725 shares during the period. Morgan Stanley owned about 0.26% of Republic First Bancorp worth $1,241,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in FRBK. Teachers Advisors LLC lifted its holdings in Republic First Bancorp by 36.1% in the 4th quarter. Teachers Advisors LLC now owns 72,110 shares of the bank’s stock valued at $602,000 after purchasing an additional 19,136 shares in the last quarter. Nationwide Fund Advisors lifted its holdings in shares of Republic First Bancorp by 14.0% during the 1st quarter. Nationwide Fund Advisors now owns 31,468 shares of the bank’s stock worth $261,000 after acquiring an additional 3,859 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Republic First Bancorp by 52.7% during the 1st quarter. Wells Fargo & Company MN now owns 52,900 shares of the bank’s stock worth $439,000 after acquiring an additional 18,250 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Republic First Bancorp by 41.9% during the 1st quarter. Bank of New York Mellon Corp now owns 281,295 shares of the bank’s stock worth $2,335,000 after acquiring an additional 83,048 shares during the period. Finally, Sawtooth Solutions LLC purchased a new position in shares of Republic First Bancorp during the 1st quarter worth about $266,000. Institutional investors own 54.73% of the company’s stock.

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A number of analysts recently issued reports on the stock. BidaskClub raised shares of Republic First Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. 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 report on Sunday, July 23rd.

Shares of Republic First Bancorp, Inc. (NASDAQ FRBK) traded up 0.56% during trading on Wednesday, reaching $8.90. The company had a trading volume of 11,131 shares. The firm has a market capitalization of $507.04 million, a PE ratio of 64.96 and a beta of 1.05. Republic First Bancorp, Inc. has a 12 month low of $3.70 and a 12 month high of $9.90. The stock has a 50 day moving average price of $8.71 and a 200 day moving average price of $8.74.

Republic First Bancorp (NASDAQ:FRBK) last issued its quarterly earnings results on Thursday, July 20th. The bank reported $0.04 EPS for the quarter, hitting the Thomson Reuters’ 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, equities research analysts forecast that Republic First Bancorp, Inc. will post $0.16 EPS for the current year.

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.

Institutional Ownership by Quarter for Republic First Bancorp (NASDAQ:FRBK)

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