Republic First Bancorp, Inc. (NASDAQ:FRBK) insider Tracie Young sold 24,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $7.74, for a total transaction of $185,760.00. Following the transaction, the insider now owns 13,425 shares in the company, valued at approximately $103,909.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Republic First Bancorp stock opened at $5.97 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.64 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $352.14 million, a price-to-earnings ratio of 39.93 and a beta of 1.06. Republic First Bancorp, Inc. has a 1 year low of $5.78 and a 1 year high of $9.30.

Republic First Bancorp (NASDAQ:FRBK) last posted its quarterly earnings results on Monday, January 28th. The bank reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.02). The business had revenue of $24.87 million during the quarter. Republic First Bancorp had a return on equity of 3.67% and a net margin of 7.68%.

Institutional investors have recently bought and sold shares of the business. Metropolitan Life Insurance Co. NY grew its position in Republic First Bancorp by 284.2% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 14,066 shares of the bank’s stock worth $84,000 after buying an additional 10,405 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in Republic First Bancorp by 15.8% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 28,022 shares of the bank’s stock worth $167,000 after buying an additional 3,815 shares during the last quarter. Private Advisor Group LLC boosted its stake in Republic First Bancorp by 140.5% in the 3rd quarter. Private Advisor Group LLC now owns 30,440 shares of the bank’s stock worth $218,000 after purchasing an additional 17,783 shares during the period. MetLife Investment Advisors LLC boosted its stake in Republic First Bancorp by 47.2% in the 3rd quarter. MetLife Investment Advisors LLC now owns 32,436 shares of the bank’s stock worth $232,000 after purchasing an additional 10,405 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in Republic First Bancorp by 176.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 46,862 shares of the bank’s stock worth $335,000 after purchasing an additional 29,914 shares during the period. Hedge funds and other institutional investors own 59.54% of the company’s stock.

A number of research analysts recently commented on FRBK shares. BidaskClub upgraded shares of Republic First Bancorp from a “strong sell” rating to a “sell” rating in a research note on Wednesday, November 28th. TheStreet upgraded shares of Republic First Bancorp from a “c+” rating to a “b-” rating in a research report on Wednesday, December 12th.

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Republic First Bancorp Company Profile

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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