Bearish Chart Formation for Republic First Bancorp, Inc. (FRBK) After Forming Double Bottom Pattern

February 15, 2018 - By Peter Erickson

Investors sentiment decreased to 0.97 in Q3 2017. Its down 0.51, from 1.48 in 2017Q2. It turned negative, as 4 investors sold Republic First Bancorp, Inc. shares while 25 reduced holdings. 6 funds opened positions while 22 raised stakes. 30.37 million shares or 0.48% less from 30.51 million shares in 2017Q2 were reported.
Morgan Stanley has invested 0% in Republic First Bancorp, Inc. (NASDAQ:FRBK). Tiaa Cref Limited Liability Corp invested 0% in Republic First Bancorp, Inc. (NASDAQ:FRBK). Bnp Paribas Arbitrage Sa holds 0% of its portfolio in Republic First Bancorp, Inc. (NASDAQ:FRBK) for 5,130 shares. Nationwide Fund, a Pennsylvania-based fund reported 28,032 shares. 5,007 were reported by Comml Bank Of America Corporation De. Peak6 Ltd Partnership reported 0% in Republic First Bancorp, Inc. (NASDAQ:FRBK). Basswood Capital Limited Liability Com holds 0.27% or 646,046 shares in its portfolio. Gilder Gagnon Howe Lc accumulated 1.78 million shares. Goldman Sachs Grp Incorporated owns 162,132 shares or 0% of their US portfolio. California State Teachers Retirement Sys has invested 0% in Republic First Bancorp, Inc. (NASDAQ:FRBK). Capital Ww holds 0.01% in Republic First Bancorp, Inc. (NASDAQ:FRBK) or 2.58 million shares. Tower Research Capital Ltd (Trc) reported 6,117 shares. Prentiss Smith And Inc reported 17,000 shares. Public Employees Retirement Association Of Colorado reported 41,455 shares. Rhumbline Advisers stated it has 0% in Republic First Bancorp, Inc. (NASDAQ:FRBK).

The chart of Republic First Bancorp, Inc. (FRBK) shows a double bottom with $7.60 target or 9.00 % below today’s $8.35 share price. The 8 months chart pattern indicates high risk for the $475.87M company. It was reported on Feb, 15 by Finviz.com. If the $7.60 price target is reached, the company will be worth $42.83 million less. Double bottoms are rare but powerful chart patterns.

The stock increased 1.21% or $0.1 during the last trading session, reaching $8.35. About 17,350 shares traded. Republic First Bancorp, Inc. (NASDAQ:FRBK) has risen 95.56% since February 15, 2017 and is uptrending. It has outperformed by 78.86% the S&P500.

Republic First Bancorp, Inc. (NASDAQ:FRBK) Ratings Coverage

Among 4 analysts covering Republic First Bancorp (NASDAQ:FRBK), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Republic First Bancorp had 9 analyst reports since August 20, 2015 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, June 1. As per Thursday, December 21, the company rating was maintained by Keefe Bruyette & Woods. Sandler O’Neill maintained Republic First Bancorp, Inc. (NASDAQ:FRBK) on Wednesday, January 24 with “Hold” rating. Keefe Bruyette & Woods maintained it with “Hold” rating and $900 target in Friday, July 21 report. The firm earned “Market Perform” rating on Thursday, August 20 by KBW. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Tuesday, October 3. The stock has “Hold” rating by Sandler O’Neill on Wednesday, January 3. The stock of Republic First Bancorp, Inc. (NASDAQ:FRBK) earned “Mkt Perform” rating by Bruyette & Woods” on Thursday, August 20.

Another recent and important Republic First Bancorp, Inc. (NASDAQ:FRBK) news was published by Globenewswire.com which published an article titled: “Republic First Bancorp, Inc. Reports 80% Increase in Net Income and Deposit …” on January 22, 2018.

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