StockNews.com Begins Coverage on Republic First Bancorp (NASDAQ:FRBK)

Stock analysts at StockNews.com began coverage on shares of Republic First Bancorp (NASDAQ:FRBKGet Rating) in a research report issued on Saturday. The brokerage set a “hold” rating on the bank’s stock.

Separately, Piper Sandler cut their target price on Republic First Bancorp to $3.00 in a research report on Tuesday, November 1st.

Republic First Bancorp Stock Down 0.7 %

NASDAQ:FRBK opened at $2.70 on Friday. The firm has a market capitalization of $172.22 million, a price-to-earnings ratio of 8.18 and a beta of 0.97. Republic First Bancorp has a twelve month low of $2.53 and a twelve month high of $5.67. The stock’s 50 day moving average price is $2.90 and its two-hundred day moving average price is $3.51.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Amalgamated Bank purchased a new stake in Republic First Bancorp in the first quarter worth $28,000. PNC Financial Services Group Inc. bought a new position in shares of Republic First Bancorp during the 1st quarter valued at about $52,000. OLD Mission Capital LLC bought a new stake in shares of Republic First Bancorp in the 2nd quarter worth approximately $41,000. CRA Financial Services LLC purchased a new stake in Republic First Bancorp during the 3rd quarter valued at about $31,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in shares of Republic First Bancorp in the first quarter worth $59,000. Institutional investors own 71.23% of the company’s stock.

Republic First Bancorp Company Profile

(Get Rating)

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. It accepts consumer and commercial deposit, checking, interest-bearing demand, money market, savings, sweep, and individual retirement accounts, as well as certificates of deposit.

Further Reading

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