Republic First Bancorp, Inc. (FRBK) Holdings Trimmed by FSI Group LLC

FSI Group LLC cut its holdings in shares of Republic First Bancorp, Inc. (NASDAQ:FRBK) by 2.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 364,043 shares of the bank’s stock after selling 7,544 shares during the period. Republic First Bancorp comprises approximately 2.6% of FSI Group LLC’s investment portfolio, making the stock its 17th biggest position. FSI Group LLC owned 0.64% of Republic First Bancorp worth $3,076,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in FRBK. FMR LLC bought a new stake in Republic First Bancorp during the second quarter worth $15,153,000. Goldman Sachs Group Inc. bought a new stake in Republic First Bancorp during the second quarter worth $1,490,000. Ameriprise Financial Inc. bought a new stake in Republic First Bancorp during the second quarter worth $1,152,000. State Street Corp lifted its stake in Republic First Bancorp by 13.4% during the second quarter. State Street Corp now owns 883,908 shares of the bank’s stock worth $8,178,000 after purchasing an additional 104,693 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Republic First Bancorp by 5.1% during the second quarter. Vanguard Group Inc. now owns 2,013,322 shares of the bank’s stock worth $18,624,000 after purchasing an additional 97,585 shares during the last quarter. Hedge funds and other institutional investors own 54.20% of the company’s stock.

Several equities research analysts have weighed in on the company. Sandler O’Neill restated a “hold” rating and set a $9.50 target price on shares of Republic First Bancorp in a research note on Thursday, January 25th. BidaskClub cut Republic First Bancorp from a “sell” rating to a “strong sell” rating in a research note on Wednesday, January 31st.

Shares of Republic First Bancorp, Inc. (NASDAQ FRBK) opened at $8.45 on Friday. The firm has a market capitalization of $470.17, a price-to-earnings ratio of 52.82 and a beta of 0.91. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.63 and a current ratio of 0.65. Republic First Bancorp, Inc. has a 12 month low of $7.55 and a 12 month high of $9.90.

Republic First Bancorp (NASDAQ:FRBK) last announced its quarterly earnings results on Monday, January 22nd. The bank reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.04). The company had revenue of $21.88 million for the quarter. Republic First Bancorp had a return on equity of 2.71% and a net margin of 9.79%.

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

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