Republic First Bancorp, Inc. (NASDAQ:FRBK)’s share price was down 5.5% during trading on Tuesday . The stock traded as low as $4.25 and last traded at $4.26, approximately 519,198 shares were traded during trading. An increase of 249% from the average daily volume of 148,885 shares. The stock had previously closed at $4.51.
Separately, BidaskClub upgraded shares of Republic First Bancorp from a “strong sell” rating to a “sell” rating in a report on Thursday, September 12th.
The stock has a market capitalization of $250.97 million, a P/E ratio of 45.40 and a beta of 0.90. The stock’s fifty day moving average is $4.14 and its 200-day moving average is $4.84. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.64 and a quick ratio of 0.63.
A number of large investors have recently modified their holdings of FRBK. BNP Paribas Arbitrage SA boosted its holdings in Republic First Bancorp by 663.9% in the first quarter. BNP Paribas Arbitrage SA now owns 9,167 shares of the bank’s stock worth $48,000 after purchasing an additional 7,967 shares in the last quarter. SG Americas Securities LLC bought a new stake in Republic First Bancorp in the first quarter worth $68,000. Banc Funds Co. LLC boosted its holdings in Republic First Bancorp by 1.9% in the first quarter. Banc Funds Co. LLC now owns 2,165,576 shares of the bank’s stock worth $11,369,000 after purchasing an additional 40,000 shares in the last quarter. Cordasco Financial Network bought a new stake in Republic First Bancorp in the second quarter worth $28,000. Finally, Conservest Capital Advisors Inc. boosted its holdings in Republic First Bancorp by 2.8% in the second quarter. Conservest Capital Advisors Inc. now owns 160,256 shares of the bank’s stock worth $787,000 after purchasing an additional 4,400 shares in the last quarter. Hedge funds and other institutional investors own 58.55% of the company’s stock.
About Republic First Bancorp (NASDAQ:FRBK)
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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