Republic First Bancorp (FRBK) Downgraded to Strong Sell at BidaskClub

BidaskClub lowered shares of Republic First Bancorp (NASDAQ:FRBK) from a sell rating to a strong sell rating in a report published on Friday morning.

Separately, TheStreet raised shares of Republic First Bancorp from a c+ rating to a b- rating in a research note on Wednesday, December 12th.

Shares of Republic First Bancorp stock opened at $6.13 on Friday. Republic First Bancorp has a 12-month low of $5.85 and a 12-month high of $9.30. The stock has a market capitalization of $370.37 million, a PE ratio of 57.27 and a beta of 1.16. The company has a current ratio of 0.65, a quick ratio of 0.64 and a debt-to-equity ratio of 0.05.



Republic First Bancorp (NASDAQ:FRBK) last announced its quarterly earnings results on Thursday, October 25th. The bank reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). Republic First Bancorp had a return on equity of 2.71% and a net margin of 8.64%. The firm had revenue of $24.28 million during the quarter.

In related news, Director Theodore J. Flocco, Jr. bought 10,000 shares of the stock in a transaction that occurred on Thursday, November 1st. The shares were acquired at an average cost of $6.79 per share, with a total value of $67,900.00. Following the completion of the purchase, the director now directly owns 40,000 shares of the company’s stock, valued at approximately $271,600. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 14,000 shares of company stock worth $91,860 over the last ninety days. 12.80% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of FRBK. Paloma Partners Management Co purchased a new position in shares of Republic First Bancorp during the second quarter worth approximately $162,000. MetLife Investment Advisors LLC raised its stake in shares of Republic First Bancorp by 69.1% during the second quarter. MetLife Investment Advisors LLC now owns 22,031 shares of the bank’s stock worth $173,000 after acquiring an additional 9,002 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Republic First Bancorp by 72.7% during the third quarter. Oppenheimer Asset Management Inc. now owns 24,207 shares of the bank’s stock worth $173,000 after acquiring an additional 10,192 shares in the last quarter. Private Advisor Group LLC raised its stake in shares of Republic First Bancorp by 140.5% during the third quarter. Private Advisor Group LLC now owns 30,440 shares of the bank’s stock worth $218,000 after acquiring an additional 17,783 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Republic First Bancorp during the second quarter worth approximately $233,000. 58.32% of the stock is currently owned by hedge funds and other institutional investors.

About Republic First Bancorp

Republic First Bancorp, Inc operates as the holding company for Republic First Bank that provides a range of credit and depository banking products and services to individuals and businesses primarily in Greater Philadelphia and Southern New Jersey. It offers consumer and commercial deposit, checking, interest-bearing demand, money market, savings, sweep, and individual retirement accounts, as well as certificates of deposit.

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