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

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

Republic First Bancorp (NASDAQ:FRBK) opened at 8.65 on Wednesday. The stock has a market cap of $492.80 million, a P/E ratio of 63.14 and a beta of 1.03. Republic First Bancorp has a 12 month low of $3.70 and a 12 month high of $9.90. The stock has a 50 day moving average of $8.94 and a 200-day moving average of $8.67.

Republic First Bancorp (NASDAQ:FRBK) last released its quarterly earnings results on Thursday, July 20th. The bank reported $0.04 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.04. The firm had revenue of $20.24 million during the quarter. Republic First Bancorp had a return on equity of 3.45% and a net margin of 7.37%. On average, equities analysts forecast that Republic First Bancorp will post $0.16 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Republic First Bancorp, Inc. (FRBK) Rating Lowered to Sell at BidaskClub” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of US & international trademark & copyright laws. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/08/25/republic-first-bancorp-inc-frbk-rating-lowered-to-sell-at-bidaskclub.html.

Institutional investors have recently made changes to their positions in the stock. State Street Corp raised its position in shares of Republic First Bancorp by 13.4% in the second quarter. State Street Corp now owns 883,908 shares of the bank’s stock worth $8,178,000 after buying an additional 104,693 shares during the last quarter. Capital World Investors raised its position in shares of Republic First Bancorp by 150.6% in the second quarter. Capital World Investors now owns 2,329,000 shares of the bank’s stock worth $21,543,000 after buying an additional 1,399,457 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in shares of Republic First Bancorp during the second quarter worth about $1,490,000. Voya Investment Management LLC raised its position in shares of Republic First Bancorp by 80.2% in the second quarter. Voya Investment Management LLC now owns 21,942 shares of the bank’s stock worth $203,000 after buying an additional 9,763 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Republic First Bancorp by 9.9% in the second quarter. Dimensional Fund Advisors LP now owns 498,376 shares of the bank’s stock worth $4,610,000 after buying an additional 45,088 shares during the last quarter. 56.18% of the stock is currently owned by institutional investors.

Republic First Bancorp Company Profile

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.

Receive News & Stock Ratings for Republic First Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic First Bancorp Inc. and related stocks with our FREE daily email newsletter.