Republic First Bancorp (NASDAQ:FRBK) Earns Sell Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Republic First Bancorp (NASDAQ:FRBK) in a note issued to investors on Friday. The brokerage set a “sell” rating on the bank’s stock.

Republic First Bancorp Stock Down 61.3 %

NASDAQ FRBK opened at $0.01 on Friday. The firm’s 50-day moving average is $0.02 and its two-hundred day moving average is $0.07. Republic First Bancorp has a 12 month low of $0.00 and a 12 month high of $1.55.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Advisor Group Holdings Inc. raised its position in Republic First Bancorp by 12.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 22,147 shares of the bank’s stock valued at $120,000 after purchasing an additional 2,500 shares in the last quarter. Verition Fund Management LLC lifted its holdings in shares of Republic First Bancorp by 15.1% during the second quarter. Verition Fund Management LLC now owns 28,781 shares of the bank’s stock worth $110,000 after purchasing an additional 3,781 shares during the period. Charles Schwab Investment Management Inc. grew its position in Republic First Bancorp by 4.2% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 119,056 shares of the bank’s stock valued at $615,000 after buying an additional 4,824 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Republic First Bancorp by 2.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 239,482 shares of the bank’s stock valued at $1,235,000 after buying an additional 6,545 shares during the period. Finally, Renaissance Technologies LLC raised its position in Republic First Bancorp by 1.8% during the 2nd quarter. Renaissance Technologies LLC now owns 487,946 shares of the bank’s stock worth $1,859,000 after buying an additional 8,500 shares during the last quarter. 8.93% 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. It accepts consumer and commercial deposit, checking, interest-bearing demand, money market, savings, sweep, and individual retirement accounts, as well as certificates of deposit.