BidaskClub upgraded shares of Republic First Bancorp (NASDAQ:FRBK) from a sell rating to a hold rating in a research note published on Tuesday morning, BidAskClub reports.

Separately, TheStreet downgraded shares of Republic First Bancorp from a b- rating to a c rating in a report on Wednesday, May 1st.

NASDAQ:FRBK opened at $5.00 on Tuesday. Republic First Bancorp has a 52-week low of $4.55 and a 52-week high of $8.50. The company has a current ratio of 0.64, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. The stock has a market cap of $292.45 million, a PE ratio of 38.23 and a beta of 0.96.

Republic First Bancorp (NASDAQ:FRBK) last posted its quarterly earnings data on Thursday, April 25th. The bank reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). Republic First Bancorp had a return on equity of 3.02% and a net margin of 6.19%. The company had revenue of $24.17 million for the quarter.

In related news, Director Harry Madonna acquired 10,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were bought at an average price of $5.10 per share, for a total transaction of $51,000.00. Following the acquisition, the director now owns 698,684 shares in the company, valued at approximately $3,563,288.40. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders have bought 19,400 shares of company stock worth $97,386. Insiders own 13.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of FRBK. Phoenician Capital LLC bought a new stake in Republic First Bancorp in the fourth quarter valued at about $4,355,000. Wellington Management Group LLP increased its stake in Republic First Bancorp by 7.7% in the first quarter. Wellington Management Group LLP now owns 3,822,004 shares of the bank’s stock valued at $20,066,000 after acquiring an additional 274,493 shares during the period. Costello Asset Management INC bought a new stake in Republic First Bancorp in the fourth quarter valued at about $1,207,000. Dimensional Fund Advisors LP increased its stake in Republic First Bancorp by 17.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,118,016 shares of the bank’s stock valued at $5,870,000 after acquiring an additional 164,621 shares during the period. Finally, Renaissance Technologies LLC increased its stake in Republic First Bancorp by 72.2% in the first quarter. Renaissance Technologies LLC now owns 268,233 shares of the bank’s stock valued at $1,408,000 after acquiring an additional 112,500 shares during the period. 59.43% of the stock is currently owned by institutional investors and hedge funds.

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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