What Will Happen to Republic First Bancorp, Inc. (FRBK) Next? The Stock Just Reaches 52-Week High

June 19, 2017 - By Vivian Park

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.
Wells Fargo Co Mn invested in 0% or 34,650 shares. Endeavour Cap Advisors Incorporated invested in 521,905 shares or 0.27% of the stock. Kcg Holdg has invested 0% in Republic First Bancorp, Inc. (NASDAQ:FRBK). Basswood Capital Mngmt Limited Liability Corporation reported 2.49 million shares. Blackrock Inv Mngmt Lc invested in 0% or 180,846 shares. Bridgeway Capital Mngmt Incorporated has 37,000 shares. Rhumbline Advisers holds 31,001 shares. Bnp Paribas Arbitrage holds 0% of its portfolio in Republic First Bancorp, Inc. (NASDAQ:FRBK) for 718 shares. Wellington Management Ltd Liability Partnership stated it has 5.09 million shares or 0.01% of all its holdings. 10,790 were reported by Voya Llc. Penn Inc reported 46,278 shares or 0.02% of all its holdings. Northern reported 558,625 shares or 0% of all its holdings. Two Sigma Secs reported 18,493 shares stake. Schwab Charles accumulated 0% or 79,100 shares. Meeder Asset Mgmt reported 2,200 shares.

Since December 22, 2016, it had 0 insider purchases, and 5 selling transactions for $526,972 activity. Flocco Theodore J JR sold $135,028 worth of stock or 18,072 shares. Shares for $199,534 were sold by WILDSTEIN HARRIS on Thursday, December 29. 3,000 shares valued at $24,090 were sold by Spevak Barry on Thursday, February 16.

The stock of Republic First Bancorp, Inc. (NASDAQ:FRBK) hit a new 52-week high and has $10.16 target or 4.00 % above today’s $9.77 share price. The 7 months bullish chart indicates low risk for the $551.15M company. The 1-year high was reported on Jun, 19 by Barchart.com. If the $10.16 price target is reached, the company will be worth $22.05 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 19,455 shares traded. Republic First Bancorp, Inc. (NASDAQ:FRBK) has risen 95.56% since June 19, 2016 and is uptrending. It has outperformed by 78.86% the S&P500.

Investors wait Republic First Bancorp, Inc. (NASDAQ:FRBK) to report on July, 27. its quarterly earnings

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 4 analyst reports since August 20, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, June 1 by Keefe Bruyette & Woods. As per Thursday, August 20, the company rating was initiated by KBW. The stock of Republic First Bancorp, Inc. (NASDAQ:FRBK) earned “Mkt Perform” rating by Bruyette & Woods” on Thursday, August 20.

More important recent Republic First Bancorp, Inc. (NASDAQ:FRBK) news were published by: Prnewswire.com which released: “National Italian American Foundation Honors Vernon and Shirley Hill” on March 31, 2017, also Prnewswire.com published article titled: “SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Republic …”, Prnewswire.com published: “Republic Bank Begins 2017 by Hiring Vice Presidents to Manage Stores in …” on February 08, 2017. More interesting news about Republic First Bancorp, Inc. (NASDAQ:FRBK) was released by: Prnewswire.com and their article: “Republic First Bancorp, Inc. Adds Lisa R. Jacobs to Board of Directors” with publication date: March 06, 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 $551.15 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 77.61 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.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.