D.A. Davidson & CO. trimmed its position in Republic First Bancorp, Inc. (NASDAQ:FRBK) by 14.3% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,486 shares of the bank’s stock after selling 2,426 shares during the quarter. D.A. Davidson & CO.’s holdings in Republic First Bancorp were worth $86,000 as of its most recent SEC filing.
Several other hedge funds have also recently modified their holdings of FRBK. Wasatch Advisors Inc. lifted its holdings in shares of Republic First Bancorp by 31.0% in the 3rd quarter. Wasatch Advisors Inc. now owns 2,862,360 shares of the bank’s stock worth $20,466,000 after buying an additional 677,841 shares during the period. BlackRock Inc. lifted its holdings in shares of Republic First Bancorp by 22.3% in the 3rd quarter. BlackRock Inc. now owns 3,291,135 shares of the bank’s stock worth $23,532,000 after buying an additional 600,423 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Republic First Bancorp by 30.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 807,872 shares of the bank’s stock worth $5,776,000 after buying an additional 188,580 shares during the period. Millennium Management LLC purchased a new stake in shares of Republic First Bancorp in the 2nd quarter worth $1,415,000. Finally, Renaissance Technologies LLC lifted its holdings in shares of Republic First Bancorp by 152.6% in the 2nd quarter. Renaissance Technologies LLC now owns 243,009 shares of the bank’s stock worth $1,908,000 after buying an additional 146,809 shares during the period. Institutional investors and hedge funds own 58.33% of the company’s stock.
Several research analysts have recently commented on the company. TheStreet raised Republic First Bancorp from a “c+” rating to a “b-” rating in a research report on Wednesday, December 12th. BidaskClub raised Republic First Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, December 4th.
FRBK opened at $6.54 on Thursday. The firm has a market capitalization of $380.36 million, a PE ratio of 43.13 and a beta of 1.10. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.65 and a quick ratio of 0.64. Republic First Bancorp, Inc. has a 12 month low of $5.82 and a 12 month high of $9.30.
Republic First Bancorp (NASDAQ:FRBK) last released its quarterly earnings results on Monday, January 28th. The bank reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.02). The company had revenue of $24.87 million during the quarter. Republic First Bancorp had a return on equity of 3.67% and a net margin of 7.68%.
Republic First Bancorp 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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