UBS Group AG decreased its stake in Republic First Bancorp, Inc. (NASDAQ:FRBK) by 4.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 380,090 shares of the bank’s stock after selling 16,963 shares during the period. UBS Group AG owned approximately 0.67% of Republic First Bancorp worth $3,155,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co. NY bought a new stake in shares of Republic First Bancorp during the fourth quarter valued at approximately $278,000. Renaissance Technologies LLC increased its stake in shares of Republic First Bancorp by 62.8% in the fourth quarter. Renaissance Technologies LLC now owns 628,400 shares of the bank’s stock valued at $5,247,000 after buying an additional 242,400 shares during the last quarter. Two Sigma Investments LP bought a new stake in shares of Republic First Bancorp during the fourth quarter valued at approximately $183,000. Wsfs Capital Management LLC bought a new stake in shares of Republic First Bancorp during the fourth quarter valued at approximately $169,000. Finally, Nationwide Fund Advisors increased its stake in shares of Republic First Bancorp by 14.0% in the first quarter. Nationwide Fund Advisors now owns 31,468 shares of the bank’s stock valued at $261,000 after buying an additional 3,859 shares during the last quarter. Institutional investors own 52.81% of the company’s stock.
Shares of Republic First Bancorp, Inc. (NASDAQ:FRBK) traded down 2.23% on Friday, hitting $8.75. The stock had a trading volume of 73,309 shares. The company has a market capitalization of $498.26 million, a P/E ratio of 63.87 and a beta of 1.05. The firm has a 50 day moving average price of $9.29 and a 200 day moving average price of $8.53. Republic First Bancorp, Inc. has a one year low of $3.70 and a one year high of $9.90.
Republic First Bancorp (NASDAQ:FRBK) last released its earnings results on Thursday, July 20th. The bank reported $0.04 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.04. Republic First Bancorp had a net margin of 7.37% and a return on equity of 3.63%. The firm had revenue of $20.24 million during the quarter. On average, equities research analysts predict that Republic First Bancorp, Inc. will post $0.16 earnings per share for the current fiscal year.
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A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods set a $9.00 target price on Republic First Bancorp and gave the stock a “hold” rating in a research report on Sunday, July 23rd. BidaskClub downgraded Republic First Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th.
About Republic First Bancorp
Republic First Bancorp, Inc is a holding company for Republic First Bank (Republic or the Bank), which does business under the name Republic Bank. The Company’s community banking segment encompasses the commercial loan and deposit activities of Republic, as well as consumer loan products in the areas surrounding its store network.
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