Republic First Bancorp, Inc. (NASDAQ:FRBK) was downgraded by stock analysts at BidaskClub from a “hold” rating to a “sell” rating in a report issued on Wednesday.

Separately, Keefe, Bruyette & Woods set a $9.00 target price on Republic First Bancorp and gave the stock a “hold” rating in a research report on Sunday, July 23rd.

Shares of Republic First Bancorp (NASDAQ FRBK) traded up 1.12% during mid-day trading on Wednesday, hitting $9.00. The company had a trading volume of 76,801 shares. Republic First Bancorp has a one year low of $3.70 and a one year high of $9.90. The company’s 50-day moving average is $9.26 and its 200 day moving average is $8.56. The company has a market capitalization of $512.50 million, a PE ratio of 65.69 and a beta of 1.03.

Republic First Bancorp (NASDAQ:FRBK) last announced its quarterly earnings results on Thursday, July 20th. The bank reported $0.04 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.04. The company had revenue of $20.24 million during the quarter. Republic First Bancorp had a return on equity of 3.63% and a net margin of 7.37%. On average, equities research analysts forecast that Republic First Bancorp will post $0.16 EPS for the current fiscal year.

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A number of institutional investors have recently bought and sold shares of the company. State Street Corp boosted its position in Republic First Bancorp by 112.9% in the fourth quarter. State Street Corp now owns 693,145 shares of the bank’s stock valued at $5,788,000 after buying an additional 367,583 shares during the last quarter. Two Sigma Investments LP acquired a new position in Republic First Bancorp during the fourth quarter valued at approximately $183,000. Metropolitan Life Insurance Co. NY acquired a new position in Republic First Bancorp during the fourth quarter valued at approximately $278,000. Guggenheim Capital LLC boosted its position in Republic First Bancorp by 46.7% in the fourth quarter. Guggenheim Capital LLC now owns 15,821 shares of the bank’s stock valued at $132,000 after buying an additional 5,033 shares during the last quarter. Finally, Teachers Advisors LLC boosted its position in Republic First Bancorp by 36.1% in the fourth quarter. Teachers Advisors LLC now owns 72,110 shares of the bank’s stock valued at $602,000 after buying an additional 19,136 shares during the last quarter. Institutional investors and hedge funds own 52.81% of the company’s stock.

About Republic First Bancorp

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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