BidaskClub downgraded shares of Republic First Bancorp (NASDAQ:FRBK) from a sell rating to a strong sell rating in a research note published on Friday morning.

Separately, TheStreet upgraded shares of Republic First Bancorp from a c+ rating to a b- rating in a report on Wednesday, December 12th.

FRBK opened at $6.13 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.64 and a current ratio of 0.65. Republic First Bancorp has a 1-year low of $5.85 and a 1-year high of $9.30. The firm has a market cap of $370.37 million, a price-to-earnings ratio of 57.27 and a beta of 1.16.

Republic First Bancorp (NASDAQ:FRBK) last released its quarterly earnings data on Thursday, October 25th. The bank reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.03). Republic First Bancorp had a return on equity of 2.71% and a net margin of 8.64%. The business had revenue of $24.28 million for the quarter.

In other news, Director Theodore J. Flocco, Jr. bought 10,000 shares of Republic First Bancorp stock in a transaction dated Thursday, November 1st. The stock was purchased at an average price of $6.79 per share, for a total transaction of $67,900.00. Following the purchase, the director now directly owns 40,000 shares in the company, valued at approximately $271,600. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last quarter, insiders bought 14,000 shares of company stock valued at $91,860. Company insiders own 12.80% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. FSI Group LLC grew its stake in shares of Republic First Bancorp by 8.0% in the 3rd quarter. FSI Group LLC now owns 432,828 shares of the bank’s stock worth $3,095,000 after acquiring an additional 32,168 shares in the last quarter. Millennium Management LLC bought a new position in Republic First Bancorp during the second quarter valued at about $1,415,000. FMR LLC grew its position in Republic First Bancorp by 2.4% during the second quarter. FMR LLC now owns 1,694,000 shares of the bank’s stock valued at $13,298,000 after buying an additional 40,000 shares during the period. MetLife Investment Advisors LLC grew its position in Republic First Bancorp by 69.1% during the second quarter. MetLife Investment Advisors LLC now owns 22,031 shares of the bank’s stock valued at $173,000 after buying an additional 9,002 shares during the period. Finally, Private Advisor Group LLC grew its position in Republic First Bancorp by 140.5% during the third quarter. Private Advisor Group LLC now owns 30,440 shares of the bank’s stock valued at $218,000 after buying an additional 17,783 shares during the period. Hedge funds and other institutional investors own 58.32% of the company’s stock.

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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