Republic First Bancorp (NASDAQ:FRBK) Coverage Initiated at

Equities research analysts at started coverage on shares of Republic First Bancorp (NASDAQ:FRBKGet Free Report) in a report released on Monday. The firm set a “sell” rating on the bank’s stock.

Republic First Bancorp Stock Performance

Republic First Bancorp stock opened at $0.01 on Monday. Republic First Bancorp has a 12-month low of $0.00 and a 12-month high of $1.71. The business’s 50-day simple moving average is $0.04 and its 200 day simple moving average is $0.10.

Institutional Investors Weigh In On Republic First Bancorp

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FRBK. Advisor Group Holdings Inc. increased its stake in shares of Republic First Bancorp by 12.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 22,147 shares of the bank’s stock valued at $120,000 after acquiring an additional 2,500 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in shares of Republic First Bancorp in the 1st quarter valued at $52,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Republic First Bancorp during the 1st quarter worth $614,000. MetLife Investment Management LLC acquired a new position in Republic First Bancorp in the first quarter valued at about $126,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Republic First Bancorp by 14.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,820,057 shares of the bank’s stock worth $9,391,000 after purchasing an additional 226,805 shares during the period. Institutional investors own 34.27% of the company’s stock.

About Republic First Bancorp

(Get Free Report)

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.

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