Keefe, Bruyette & Woods reaffirmed their hold rating on shares of Republic First Bancorp, Inc. (NASDAQ:FRBK) in a research report released on Tuesday morning. They currently have a $9.00 target price on the bank’s stock.

Separately, BidaskClub upgraded Republic First Bancorp from a sell rating to a hold rating in a research report on Wednesday, August 9th.

Shares of Republic First Bancorp (FRBK) traded up 0.260% during mid-day trading on Tuesday, reaching $9.625. The company’s stock had a trading volume of 66,796 shares. Republic First Bancorp has a 12 month low of $3.70 and a 12 month high of $9.90. The firm has a market cap of $548.35 million, a PE ratio of 70.255 and a beta of 1.08. The company has a 50-day moving average of $8.84 and a 200-day moving average of $8.86.

Republic First Bancorp (NASDAQ:FRBK) last posted its earnings results on Thursday, July 20th. The bank reported $0.04 EPS for the quarter, meeting the 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, analysts predict that Republic First Bancorp will post $0.16 earnings per share for the current year.

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Several institutional investors and hedge funds have recently modified their holdings of the company. Legal & General Group Plc raised its position in shares of Republic First Bancorp by 0.8% during the first quarter. Legal & General Group Plc now owns 13,150 shares of the bank’s stock worth $109,000 after acquiring an additional 98 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Republic First Bancorp by 1.7% during the second quarter. Parametric Portfolio Associates LLC now owns 19,406 shares of the bank’s stock worth $180,000 after acquiring an additional 328 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Republic First Bancorp by 2.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 81,400 shares of the bank’s stock worth $753,000 after acquiring an additional 2,300 shares during the last quarter. Cordasco Financial Network raised its position in shares of Republic First Bancorp by 13.6% during the second quarter. Cordasco Financial Network now owns 25,000 shares of the bank’s stock worth $231,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its position in shares of Republic First Bancorp by 9.5% during the first quarter. Metropolitan Life Insurance Co. NY now owns 36,387 shares of the bank’s stock worth $302,000 after acquiring an additional 3,142 shares during the last quarter. Institutional investors own 54.73% 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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