BidaskClub lowered shares of Republic First Bancorp (NASDAQ:FRBK) from a hold rating to a sell rating in a report published on Wednesday, June 13th.
Shares of NASDAQ:FRBK opened at $7.90 on Wednesday. Republic First Bancorp has a 1-year low of $7.85 and a 1-year high of $9.80. The company has a market cap of $484.67 million, a PE ratio of 75.00 and a beta of 0.89. The company has a current ratio of 0.59, a quick ratio of 0.58 and a debt-to-equity ratio of 0.05.
Republic First Bancorp (NASDAQ:FRBK) last announced its quarterly earnings results on Monday, April 23rd. The bank reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.01. The business had revenue of $22.65 million for the quarter. Republic First Bancorp had a return on equity of 2.64% and a net margin of 9.28%.
Institutional investors have recently bought and sold shares of the business. Teacher Retirement System of Texas acquired a new position in Republic First Bancorp in the fourth quarter worth $132,000. Millennium Management LLC bought a new stake in shares of Republic First Bancorp during the fourth quarter worth $140,000. Private Advisor Group LLC raised its position in shares of Republic First Bancorp by 101.1% during the first quarter. Private Advisor Group LLC now owns 21,433 shares of the bank’s stock worth $186,000 after acquiring an additional 10,776 shares during the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of Republic First Bancorp during the fourth quarter worth $212,000. Finally, Commonwealth Equity Services LLC raised its position in shares of Republic First Bancorp by 33.9% during the first quarter. Commonwealth Equity Services LLC now owns 59,509 shares of the bank’s stock worth $517,000 after acquiring an additional 15,050 shares during the last quarter. 52.42% of the stock is currently owned by 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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