Parametric Portfolio Associates LLC Raises Position in Republic First Bancorp, Inc. (FRBK)

Parametric Portfolio Associates LLC increased its stake in Republic First Bancorp, Inc. (NASDAQ:FRBK) by 1.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,406 shares of the bank’s stock after purchasing an additional 328 shares during the quarter. Parametric Portfolio Associates LLC’s holdings in Republic First Bancorp were worth $180,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Legal & General Group Plc boosted its holdings in Republic First Bancorp by 0.8% in the first quarter. Legal & General Group Plc now owns 13,150 shares of the bank’s stock worth $109,000 after purchasing an additional 98 shares during the last quarter. Palisades Hudson Asset Management L.P. purchased a new stake in Republic First Bancorp in the second quarter worth approximately $194,000. Private Advisor Group LLC boosted its holdings in Republic First Bancorp by 54.0% in the second quarter. Private Advisor Group LLC now owns 29,838 shares of the bank’s stock worth $282,000 after purchasing an additional 10,460 shares during the last quarter. Alliancebernstein L.P. purchased a new stake in Republic First Bancorp in the second quarter worth approximately $313,000. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in Republic First Bancorp by 9.5% in the first quarter. Metropolitan Life Insurance Co. NY now owns 36,387 shares of the bank’s stock worth $302,000 after purchasing an additional 3,142 shares during the last quarter. Institutional investors own 54.31% of the company’s stock.

Several brokerages recently issued reports on FRBK. Keefe, Bruyette & Woods restated a “hold” rating and issued a $9.00 target price on shares of Republic First Bancorp in a report on Tuesday, October 3rd. BidaskClub upgraded shares of Republic First Bancorp from a “sell” rating to a “hold” rating in a research note on Wednesday, August 9th.

Republic First Bancorp, Inc. (NASDAQ FRBK) opened at $9.50 on Friday. The firm has a market cap of $538.55, a price-to-earnings ratio of 67.50 and a beta of 1.05. Republic First Bancorp, Inc. has a one year low of $5.30 and a one year high of $9.90. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.63 and a current ratio of 0.65.

Republic First Bancorp (NASDAQ:FRBK) last issued its quarterly earnings results on Monday, October 23rd. The bank reported $0.04 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04. The business had revenue of $21.49 million for the quarter. Republic First Bancorp had a net margin of 8.97% and a return on equity of 3.48%.

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Republic First Bancorp Company Profile

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.

Institutional Ownership by Quarter for Republic First Bancorp (NASDAQ:FRBK)

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