Shares of Republic First Bancorp, Inc. (NASDAQ:FRBK) have earned a consensus broker rating score of 0.00 () from the two brokers that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation.
Analysts have set a one year consensus price objective of $4.75 for the company, according to Zacks. Zacks has also assigned Republic First Bancorp an industry rank of 24 out of 265 based on the ratings given to its competitors.
Shares of Republic First Bancorp (NASDAQ:FRBK) opened at 7.90 on Thursday. The stock’s 50 day moving average is $7.99 and its 200 day moving average is $6.35. The stock has a market cap of $449.04 million, a price-to-earnings ratio of 65.83 and a beta of 1.23. Republic First Bancorp has a 52-week low of $3.70 and a 52-week high of $9.15.
Republic First Bancorp (NASDAQ:FRBK) last issued its quarterly earnings data on Monday, January 23rd. The company reported $0.03 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.03. Republic First Bancorp had a return on equity of 4.18% and a net margin of 6.24%. On average, equities analysts predict that Republic First Bancorp will post $0.15 EPS for the current fiscal year.
In related news, Director Theodore J. Flocco, Jr. sold 18,072 shares of the firm’s stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $7.47, for a total transaction of $134,997.84. Following the sale, the director now owns 39,503 shares of the company’s stock, valued at $295,087.41. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Theodore J. Flocco, Jr. sold 15,000 shares of the firm’s stock in a transaction dated Friday, December 30th. The shares were sold at an average price of $8.27, for a total value of $124,050.00. Following the sale, the director now directly owns 24,650 shares in the company, valued at approximately $203,855.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 60,522 shares of company stock worth $482,650. 8.00% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the stock. Round Hill Asset Management bought a new stake in shares of Republic First Bancorp during the fourth quarter worth $244,000. Guggenheim Capital LLC increased its stake in shares of Republic First Bancorp by 46.7% in the fourth quarter. Guggenheim Capital LLC now owns 15,821 shares of the company’s stock worth $132,000 after buying an additional 5,033 shares during the last quarter. Metropolitan Life Insurance Co. NY bought a new stake in shares of Republic First Bancorp during the fourth quarter worth $278,000. Endeavour Capital Advisors Inc. bought a new stake in shares of Republic First Bancorp during the fourth quarter worth $4,358,000. Finally, Two Sigma Investments LP bought a new stake in shares of Republic First Bancorp during the fourth quarter worth $183,000. 45.23% of the stock is currently owned by institutional investors.
Republic First Bancorp Company Profile
Republic First Bancorp, Inc is a holding company for Republic First Bank (the Bank), which does business under the name Republic Bank. The Company’s community banking segment encompasses the commercial loan and deposit activities of the Bank, as well as consumer loan products. It offers a range of banking products and services, including consumer and commercial deposit accounts, checking accounts, interest-bearing demand accounts, money market accounts, certificates of deposit, savings accounts, sweep accounts, lockbox services and individual retirement accounts, secured and unsecured commercial loans, real estate loans, construction and land development loans, automobile loans, home improvement loans, mortgages, home equity and overdraft lines of credit, and other products.
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