Is Buying Republic First Bancorp, Inc. (FRBK) Here a Winning Strategy?

September 17, 2017 - By Kurt Siggers

Investors sentiment increased to 4.38 in 2016 Q4. Its up 2.46, from 1.92 in 2016Q3. It improved, as 7 investors sold Republic First Bancorp, Inc. shares while 6 reduced holdings. 23 funds opened positions while 34 raised stakes. 54.91 million shares or 249.73% more from 15.70 million shares in 2016Q3 were reported.
Schwab Charles Management owns 79,100 shares or 0% of their US portfolio. Renaissance Technologies Llc holds 0.01% or 628,400 shares. 349,776 are owned by Dimensional Fund Lp. Wells Fargo Mn stated it has 34,650 shares or 0% of all its holdings. Blackrock Fund Advisors owns 0% invested in Republic First Bancorp, Inc. (NASDAQ:FRBK) for 1.61 million shares. Legal & General Group Public Limited Company owns 13,052 shares. Brick And Kyle, Pennsylvania-based fund reported 2,000 shares. Moreover, Blackrock has 0% invested in Republic First Bancorp, Inc. (NASDAQ:FRBK) for 8,215 shares. Tower Rech Cap Ltd (Trc) holds 0% or 631 shares in its portfolio. Susquehanna Grp Llp has 66,835 shares for 0% of their portfolio. Rhumbline Advisers holds 0% or 31,001 shares. Ulysses Management Ltd owns 1.26 million shares or 1.71% of their US portfolio. Wellington Mngmt Ltd Liability Partnership has 5.09 million shares. Endeavour Advsrs, a Connecticut-based fund reported 521,905 shares. Geode Cap Limited Company has 0% invested in Republic First Bancorp, Inc. (NASDAQ:FRBK).

The stock of Republic First Bancorp, Inc. (NASDAQ:FRBK) is a huge mover today! The stock increased 5.88% or $0.5 on September 15, reaching $9. About 318,666 shares traded or 185.12% up from the average. Republic First Bancorp, Inc. (NASDAQ:FRBK) has risen 95.56% since September 17, 2016 and is uptrending. It has outperformed by 78.86% the S&P500.
The move comes after 5 months positive chart setup for the $512.74 million company. It was reported on Sep, 17 by Barchart.com. We have $9.36 PT which if reached, will make NASDAQ:FRBK worth $20.51M more.

Republic First Bancorp, Inc. (NASDAQ:FRBK) Ratings Coverage

Among 3 analysts covering Republic First Bancorp (NASDAQ:FRBK), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Republic First Bancorp had 5 analyst reports since August 20, 2015 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Friday, July 21. Bruyette & Woods” initiated Republic First Bancorp, Inc. (NASDAQ:FRBK) on Thursday, August 20 with “Mkt Perform” rating. The stock of Republic First Bancorp, Inc. (NASDAQ:FRBK) has “Market Perform” rating given on Thursday, August 20 by KBW. Keefe Bruyette & Woods maintained Republic First Bancorp, Inc. (NASDAQ:FRBK) rating on Thursday, June 1. Keefe Bruyette & Woods has “Hold” rating and $800 target.

More important recent Republic First Bancorp, Inc. (NASDAQ:FRBK) news were published by: Prnewswire.com which released: “Republic First Bancorp, Inc. Announces Completion Of $100 Million Common Stock …” on December 05, 2016, also Prnewswire.com published article titled: “SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Republic …”, Prnewswire.com published: “Republic First Bancorp, Inc. Adds Lisa R. Jacobs to Board of Directors” on March 06, 2017. More interesting news about Republic First Bancorp, Inc. (NASDAQ:FRBK) was released by: Prnewswire.com and their article: “National Italian American Foundation Honors Vernon and Shirley Hill” with publication date: March 31, 2017.

Republic First Bancorp, Inc. is a holding firm for Republic First Bank , which does business under the name Republic Bank. The company has market cap of $512.74 million. 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. It has a 66.84 P/E ratio. The Firm offers a range of banking services and products, 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 (and other traditional banking services), 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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