Republic First Bancorp Inc Q1 2018 Institutional Investor Sentiment Better Than Expected

June 18, 2018 - By Michael Collier

Sentiment for Republic First Bancorp Inc (NASDAQ:FRBK)

Republic First Bancorp Inc (NASDAQ:FRBK) institutional sentiment increased to 1.33 in 2018 Q1. Its up 0.22, from 1.11 in 2017Q4. The ratio increased, as 32 institutional investors increased or opened new stock positions, while 24 sold and decreased their holdings in Republic First Bancorp Inc. The institutional investors in our partner’s database now have: 30.20 million shares, down from 30.47 million shares in 2017Q4. Also, the number of institutional investors holding Republic First Bancorp Inc in their top 10 stock positions decreased from 2 to 1 for a decrease of 1. Sold All: 5 Reduced: 19 Increased: 26 New Position: 6.

Republic First Bancorp, Inc. operates as the holding firm for Republic First Bank that provides a range of credit and depository banking services and products to individuals and businesses primarily in Greater Philadelphia and Southern New Jersey. The company has market cap of $490.54 million. It offers consumer and commercial deposit, checking, interest-bearing demand, money market, savings, sweep, and individual retirement accounts, as well as certificates of deposit. It has a 55.67 P/E ratio. The firm also provides 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, as well as lockbox services.

The stock increased 0.60% or $0.05 during the last trading session, reaching $8.35. About 206,480 shares traded or 6.46% up from the average. Republic First Bancorp, Inc. (NASDAQ:FRBK) has declined 3.87% since June 18, 2017 and is downtrending. It has underperformed by 16.44% the S&P500.

Schaller Investment Group Inc holds 18.94% of its portfolio in Republic First Bancorp, Inc. for 3.82 million shares. Gruss & Co Inc owns 361,397 shares or 3.18% of their US portfolio. Moreover, Fsi Group Llc has 3.09% invested in the company for 380,088 shares. The Illinois-based Banc Funds Co Llc has invested 1.06% in the stock. Hbk Sorce Advisory Llc, a Pennsylvania-based fund reported 605,672 shares.

Since January 1, 0001, it had 1 buy, and 0 insider sales for $8,425 activity.

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

Ratings analysis reveals 0 of Republic First Bancorp’s analysts are positive. Out of 2 Wall Street analysts rating Republic First Bancorp, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $8.5000 while the high is $9.5. The stock’s average target of $9 is 7.78% above today’s ($8.35) share price. FRBK was included in 4 notes of analysts from December 21, 2017. The rating was maintained by Keefe Bruyette & Woods on Thursday, December 21 with “Hold”. The firm has “Hold” rating by Sandler O’Neill given on Wednesday, January 3. On Wednesday, January 24 the stock rating was maintained by Sandler O’Neill with “Hold”. Sandler O’Neill maintained the stock with “Hold” rating in Monday, March 26 report.

Republic First Bancorp, Inc. (NASDAQ:FRBK) Institutional Positions Chart

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