Republic First Bancorp, Inc. (FRBK) Director Purchases $14,036.00 in Stock

Republic First Bancorp, Inc. (NASDAQ:FRBK) Director Lisa R. Jacobs purchased 2,900 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were acquired at an average price of $4.84 per share, with a total value of $14,036.00. Following the purchase, the director now directly owns 8,600 shares in the company, valued at approximately $41,624. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

FRBK stock traded up $0.03 during midday trading on Friday, reaching $5.10. 116,126 shares of the company’s stock traded hands, compared to its average volume of 120,690. The firm has a market capitalization of $300.09 million, a PE ratio of 39.23 and a beta of 1.00. The company has a current ratio of 0.64, a quick ratio of 0.63 and a debt-to-equity ratio of 0.28. Republic First Bancorp, Inc. has a 52 week low of $4.76 and a 52 week high of $9.30.

Republic First Bancorp (NASDAQ:FRBK) last announced its quarterly earnings results on Thursday, April 25th. The bank reported $0.01 EPS for the quarter, missing the Zacks’ consensus estimate of $0.04 by ($0.03). Republic First Bancorp had a net margin of 6.19% and a return on equity of 3.02%. The business had revenue of $24.17 million for the quarter.

A number of brokerages have commented on FRBK. TheStreet lowered shares of Republic First Bancorp from a “b-” rating to a “c” rating in a research note on Wednesday, May 1st. BidaskClub lowered shares of Republic First Bancorp from a “sell” rating to a “strong sell” rating in a research note on Friday, May 3rd.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Jefferies Group LLC bought a new stake in Republic First Bancorp in the 1st quarter worth about $70,000. Wellington Management Group LLP increased its holdings in Republic First Bancorp by 7.7% in the 1st quarter. Wellington Management Group LLP now owns 3,822,004 shares of the bank’s stock worth $20,066,000 after buying an additional 274,493 shares in the last quarter. Geode Capital Management LLC increased its holdings in Republic First Bancorp by 4.7% in the 1st quarter. Geode Capital Management LLC now owns 580,877 shares of the bank’s stock worth $3,049,000 after buying an additional 25,859 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Republic First Bancorp by 72.2% in the 1st quarter. Renaissance Technologies LLC now owns 268,233 shares of the bank’s stock worth $1,408,000 after buying an additional 112,500 shares in the last quarter. Finally, Trexquant Investment LP bought a new stake in Republic First Bancorp in the 1st quarter worth about $55,000. Hedge funds and other institutional investors own 59.16% of the company’s stock.

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Republic First Bancorp Company Profile

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.

Read More: Market Capitalization and Individual Investors

Insider Buying and Selling by Quarter for Republic First Bancorp (NASDAQ:FRBK)

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