The stock of Republic First Bancorp, Inc. (NASDAQ:FRBK) is a huge mover today! About 82,152 shares traded hands or 56.86% up from the average. Republic First Bancorp, Inc. (NASDAQ:FRBK) has risen 6.52% since April 13, 2016 and is uptrending. It has outperformed by 2.59% the S&P500.
The move comes after 8 months negative chart setup for the $179.93 million company. It was reported on Nov, 15 by Barchart.com. We have $4.05 PT which if reached, will make NASDAQ:FRBK worth $21.59 million less.
Republic First Bancorp, Inc. (NASDAQ:FRBK) Ratings Coverage
Out of 2 analysts covering Republic First Bancorp (NASDAQ:FRBK), 0 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 0 are positive. Republic First Bancorp has been the topic of 3 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The rating was initiated by KBW on Thursday, August 20 with “Market Perform”. Bruyette & Woods” initiated the stock with “Mkt Perform” rating in Thursday, August 20 report.
According to Zacks Investment Research, “REPUBLIC FST BC is a two-bank holding company. Its wholly-owned subsidiaries, FirstRepublic Bank, and Republic First Bank of Delaware, offer banking services to individuals and businesses throughout the Greater Philadelphia, Delaware and South Jersey area. They provide banking services through the Banks and do not presently engage in any activities other than these bankinga ctivities.”
Insitutional Activity: The institutional sentiment decreased to 1.5 in Q2 2016. Its down 2.50, from 4 in 2016Q1. The ratio dropped, as 12 funds sold all Republic First Bancorp, Inc. shares owned while 8 reduced positions. 14 funds bought stakes while 16 increased positions. They now own 16.10 million shares or 45.75% less from 29.68 million shares in 2016Q1.
Cordasco Networks has 0.09% invested in the company for 18,000 shares. Blackrock Incorporated, a New York-based fund reported 7,759 shares. Prentiss Smith & Incorporated owns 22,795 shares or 0.06% of their US portfolio. Guggenheim Ltd Limited Liability Company reported 10,781 shares or 0% of all its holdings. Moreover, Architects has 0.01% invested in Republic First Bancorp, Inc. (NASDAQ:FRBK) for 10,000 shares. Dimensional Fund L P owns 387,355 shares or 0% of their US portfolio. Mycio Wealth Prtn Ltd Liability holds 0% of its portfolio in Republic First Bancorp, Inc. (NASDAQ:FRBK) for 4,278 shares. Schwab Charles Inv Mgmt last reported 0% of its portfolio in the stock. Renaissance Technologies Ltd Liability accumulated 373,737 shares or 0% of the stock. Moreover, Wells Fargo & Mn has 0% invested in Republic First Bancorp, Inc. (NASDAQ:FRBK) for 9,044 shares. California Employees Retirement Systems has 0% invested in the company for 69,464 shares. Bessemer Grp Inc Incorporated owns 4,100 shares or 0% of their US portfolio. Kistler reported 100 shares or 0% of all its holdings. Tiaa Cref Inv Mgmt Limited Liability Corporation, a New York-based fund reported 104,168 shares. Manufacturers Life Insurance The has invested 0% of its portfolio in Republic First Bancorp, Inc. (NASDAQ:FRBK).
More recent Republic First Bancorp, Inc. (NASDAQ:FRBK) news were published by: Prnewswire.com which released: “Republic Bank to Acquire Marlton-Based Oak Mortgage Company Expands into …” on July 26, 2016. Also Prnewswire.com published the news titled: “Republic Bank Hires Assistant Vice President/Store Manager for its New …” on August 03, 2016. Prnewswire.com‘s news article titled: “Republic Bank Again Opens Two Signature All-Glass Stores in One Day” with publication date: April 11, 2016 was also an interesting one.
FRBK Company Profile
Republic First Bancorp, Inc., incorporated on November 16, 1987, is a holding firm 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. The Firm offers a range of banking services and products, including consumer and commercial deposit accounts, checking accounts, interest-bearing demand accounts, money market accounts, certificates of deposit, savings accounts, sweep accounts, lockbox services and individual retirement accounts (and other traditional banking services), secured and unsecured commercial loans, real estate loans, construction and land development loans, automobile loans, home improvement loans, mortgages, home equity and overdraft lines of credit, and other products.
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