Republic First Bancorp (NASDAQ:FRBK) Coverage Initiated by Analysts at StockNews.com

StockNews.com started coverage on shares of Republic First Bancorp (NASDAQ:FRBKFree Report) in a report issued on Tuesday morning. The brokerage issued a sell rating on the bank’s stock.

Republic First Bancorp Price Performance

Shares of NASDAQ:FRBK opened at $0.01 on Tuesday. The company has a 50 day moving average of $0.04 and a 200-day moving average of $0.10. Republic First Bancorp has a twelve month low of $0.00 and a twelve month high of $1.71.

Hedge Funds Weigh In On Republic First Bancorp

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. XTX Topco Ltd bought a new position in shares of Republic First Bancorp in the 2nd quarter valued at about $39,000. Y Intercept Hong Kong Ltd bought a new position in shares of Republic First Bancorp in the 2nd quarter valued at about $100,000. Ergoteles LLC bought a new position in shares of Republic First Bancorp in the 2nd quarter valued at about $55,000. PNC Financial Services Group Inc. boosted its stake in shares of Republic First Bancorp by 6,050.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 615,000 shares of the bank’s stock valued at $554,000 after purchasing an additional 605,000 shares during the last quarter. Finally, Susquehanna International Group LLP bought a new position in Republic First Bancorp during the 1st quarter worth approximately $120,000. 8.93% of the stock is owned by institutional investors.

About Republic First Bancorp

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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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