Republic First Bancorp (NASDAQ:FRBK) has been given a $9.00 price target by equities researchers at Sandler O’Neill in a research report issued on Wednesday, January 3rd. The firm presently has a “hold” rating on the bank’s stock. Sandler O’Neill’s price objective suggests a potential upside of 2.27% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Keefe, Bruyette & Woods restated a “hold” rating and issued a $9.00 target price on shares of Republic First Bancorp in a research note on Tuesday, October 3rd. BidaskClub lowered shares of Republic First Bancorp from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th.

Shares of Republic First Bancorp (FRBK) opened at $8.80 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.63 and a debt-to-equity ratio of 0.10. Republic First Bancorp has a 12 month low of $7.40 and a 12 month high of $9.90. The stock has a market cap of $505.78, a price-to-earnings ratio of 55.00 and a beta of 1.05.

Republic First Bancorp (NASDAQ:FRBK) last issued its quarterly earnings data on Monday, January 22nd. The bank reported $0.00 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.04). The firm had revenue of $21.88 million during the quarter. Republic First Bancorp had a return on equity of 2.71% and a net margin of 9.79%.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Citadel Advisors LLC bought a new position in Republic First Bancorp in the 3rd quarter worth about $113,000. State Board of Administration of Florida Retirement System bought a new position in shares of Republic First Bancorp in the third quarter valued at approximately $134,000. Parametric Portfolio Associates LLC boosted its holdings in shares of Republic First Bancorp by 1.7% in the second quarter. Parametric Portfolio Associates LLC now owns 19,406 shares of the bank’s stock valued at $180,000 after acquiring an additional 328 shares in the last quarter. Voya Investment Management LLC boosted its holdings in shares of Republic First Bancorp by 80.2% in the second quarter. Voya Investment Management LLC now owns 21,942 shares of the bank’s stock valued at $203,000 after acquiring an additional 9,763 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in shares of Republic First Bancorp by 54.0% in the second quarter. Private Advisor Group LLC now owns 29,838 shares of the bank’s stock valued at $282,000 after acquiring an additional 10,460 shares in the last quarter. Hedge funds and other institutional investors own 54.36% of the company’s stock.

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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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