Keefe, Bruyette & Woods reissued their hold rating on shares of Republic First Bancorp, Inc. (NASDAQ:FRBK) in a research report sent to investors on Tuesday. Keefe, Bruyette & Woods currently has a $9.00 price objective on the bank’s stock.

Separately, BidaskClub downgraded Republic First Bancorp from a hold rating to a sell rating in a research report on Wednesday, August 23rd.

Republic First Bancorp (NASDAQ:FRBK) traded down 0.53% during trading on Tuesday, reaching $9.30. The company had a trading volume of 28,619 shares. The company has a market capitalization of $529.83 million, a price-to-earnings ratio of 67.88 and a beta of 1.08. The company has a 50-day moving average price of $8.80 and a 200 day moving average price of $8.85. Republic First Bancorp has a one year low of $3.70 and a one year high of $9.90.

Republic First Bancorp (NASDAQ:FRBK) last released its quarterly earnings results on Thursday, July 20th. The bank reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. Republic First Bancorp had a net margin of 7.37% and a return on equity of 3.45%. The business had revenue of $20.24 million for the quarter. Analysts expect that Republic First Bancorp will post $0.16 earnings per share for the current year.

COPYRIGHT VIOLATION NOTICE: “Republic First Bancorp’s (FRBK) Hold Rating Reaffirmed at Keefe, Bruyette & Woods” was first posted by Marea Informative and is owned by of Marea Informative. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at http://www.mareainformativa.com/republic-first-bancorps-frbk-hold-rating-reaffirmed-at-keefe-bruyette-woods/115115/.

A number of hedge funds have recently made changes to their positions in the business. American International Group Inc. grew its position in shares of Republic First Bancorp by 56.5% during the 1st quarter. American International Group Inc. now owns 30,265 shares of the bank’s stock valued at $251,000 after acquiring an additional 10,926 shares during the period. Nationwide Fund Advisors raised its holdings in shares of Republic First Bancorp by 14.0% in the 1st quarter. Nationwide Fund Advisors now owns 31,468 shares of the bank’s stock worth $261,000 after purchasing an additional 3,859 shares during the period. Metropolitan Life Insurance Co. NY lifted its stake in Republic First Bancorp by 9.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 36,387 shares of the bank’s stock valued at $302,000 after purchasing an additional 3,142 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Republic First Bancorp by 29.6% in the first quarter. Dimensional Fund Advisors LP now owns 453,288 shares of the bank’s stock valued at $3,762,000 after purchasing an additional 103,512 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Republic First Bancorp by 52.7% in the first quarter. Wells Fargo & Company MN now owns 52,900 shares of the bank’s stock valued at $439,000 after purchasing an additional 18,250 shares during the last quarter. 54.73% of the stock is currently owned by institutional investors and hedge funds.

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.

Receive News & Stock Ratings for Republic First Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic First Bancorp Inc. and related stocks with our FREE daily email newsletter.