Teachers Advisors LLC grew its holdings in shares of Republic First Bancorp, Inc. (NASDAQ:FRBK) by 18.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,474 shares of the bank’s stock after buying an additional 14,239 shares during the quarter. Teachers Advisors LLC owned 0.16% of Republic First Bancorp worth $828,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in FRBK. Wells Fargo & Company MN raised its position in shares of Republic First Bancorp by 52.7% during the 1st quarter. Wells Fargo & Company MN now owns 52,900 shares of the bank’s stock valued at $439,000 after buying an additional 18,250 shares in the last quarter. Bank of New York Mellon Corp raised its position in shares of Republic First Bancorp by 41.9% during the 1st quarter. Bank of New York Mellon Corp now owns 281,295 shares of the bank’s stock valued at $2,335,000 after buying an additional 83,048 shares in the last quarter. American International Group Inc. raised its position in shares of Republic First Bancorp by 56.5% during the 1st quarter. American International Group Inc. now owns 30,265 shares of the bank’s stock valued at $251,000 after buying an additional 10,926 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in shares of Republic First Bancorp by 4.9% during the 1st quarter. TIAA CREF Investment Management LLC now owns 110,059 shares of the bank’s stock valued at $913,000 after buying an additional 5,154 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Republic First Bancorp by 0.8% during the 1st quarter. Legal & General Group Plc now owns 13,150 shares of the bank’s stock valued at $109,000 after buying an additional 98 shares in the last quarter. Hedge funds and other institutional investors own 54.69% of the company’s stock.

Several analysts have recently issued reports on FRBK shares. BidaskClub upgraded shares of Republic First Bancorp from a “sell” rating to a “hold” rating in a research report on Wednesday, August 9th. Keefe, Bruyette & Woods set a $9.00 target price on shares of Republic First Bancorp and gave the company a “hold” rating in a research report on Sunday, July 23rd.

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Shares of Republic First Bancorp, Inc. (NASDAQ:FRBK) opened at $9.00 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.64 and a debt-to-equity ratio of 0.10. The stock has a market cap of $512.74, a PE ratio of 64.29 and a beta of 1.06. Republic First Bancorp, Inc. has a 1 year low of $3.75 and a 1 year high of $9.90.

Republic First Bancorp (NASDAQ:FRBK) last posted its quarterly earnings data on Monday, October 23rd. The bank reported $0.04 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.04. Republic First Bancorp had a net margin of 8.97% and a return on equity of 3.51%. The company had revenue of $21.49 million for the quarter.

Republic First Bancorp 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.

Institutional Ownership by Quarter for Republic First Bancorp (NASDAQ:FRBK)

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