Republic First Bancorp, Inc. (NASDAQ:FRBK) saw strong trading volume on Monday . 806,952 shares changed hands during trading, an increase of 457% from the previous session’s volume of 144,755 shares.The stock last traded at $4.12 and had previously closed at $4.09.
Separately, BidaskClub lowered Republic First Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, July 26th.
The stock has a market capitalization of $242.43 million, a PE ratio of 41.20 and a beta of 0.90. The company has a current ratio of 0.64, a quick ratio of 0.63 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $4.15 and a 200-day moving average price of $4.97.
Republic First Bancorp (NASDAQ:FRBK) last issued its quarterly earnings results on Monday, July 29th. The bank reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.05). The company had revenue of $26.40 million during the quarter. Republic First Bancorp had a return on equity of 2.16% and a net margin of 4.31%.
Hedge funds have recently made changes to their positions in the business. Advisor Group Inc. purchased a new position in Republic First Bancorp in the second quarter valued at about $27,000. Cordasco Financial Network bought a new stake in shares of Republic First Bancorp in the 2nd quarter worth approximately $28,000. BNP Paribas Arbitrage SA raised its holdings in shares of Republic First Bancorp by 663.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 9,167 shares of the bank’s stock worth $48,000 after purchasing an additional 7,967 shares during the period. SG Americas Securities LLC bought a new stake in shares of Republic First Bancorp in the 1st quarter worth approximately $68,000. Finally, Susquehanna International Group LLP purchased a new position in Republic First Bancorp in the second quarter valued at approximately $81,000. 58.55% of the stock is currently owned by institutional investors and hedge funds.
Republic First Bancorp Company Profile (NASDAQ:FRBK)
Republic First Bancorp, Inc operates as the holding company for Republic First Bank that provides a range of credit and depository banking products and services to individuals and businesses primarily in Greater Philadelphia and Southern New Jersey. It offers consumer and commercial deposit, checking, interest-bearing demand, money market, savings, sweep, and individual retirement accounts, as well as certificates of deposit.
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