Capital World Investors Has $21.54 Million Position in Republic First Bancorp, Inc. (FRBK)

Capital World Investors increased its position in shares of Republic First Bancorp, Inc. (NASDAQ:FRBK) by 150.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,329,000 shares of the bank’s stock after purchasing an additional 1,399,457 shares during the quarter. Capital World Investors owned approximately 4.09% of Republic First Bancorp worth $21,543,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in FRBK. Teachers Advisors LLC boosted its holdings in Republic First Bancorp by 36.1% during the fourth quarter. Teachers Advisors LLC now owns 72,110 shares of the bank’s stock worth $602,000 after purchasing an additional 19,136 shares during the last quarter. Nationwide Fund Advisors boosted its holdings in Republic First Bancorp by 14.0% during the first quarter. Nationwide Fund Advisors now owns 31,468 shares of the bank’s stock worth $261,000 after purchasing an additional 3,859 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Republic First Bancorp by 52.7% during the first quarter. Wells Fargo & Company MN now owns 52,900 shares of the bank’s stock worth $439,000 after purchasing an additional 18,250 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Republic First Bancorp by 41.9% during the first quarter. Bank of New York Mellon Corp now owns 281,295 shares of the bank’s stock worth $2,335,000 after purchasing an additional 83,048 shares during the last quarter. Finally, American International Group Inc. boosted its holdings in Republic First Bancorp by 56.5% during the first quarter. American International Group Inc. now owns 30,265 shares of the bank’s stock worth $251,000 after purchasing an additional 10,926 shares during the last quarter. Institutional investors and hedge funds own 54.73% of the company’s stock.

Shares of Republic First Bancorp, Inc. (NASDAQ:FRBK) opened at 9.55 on Tuesday. Republic First Bancorp, Inc. has a 12 month low of $3.70 and a 12 month high of $9.90. The firm has a 50-day moving average of $8.91 and a 200 day moving average of $8.90. The company has a market cap of $544.07 million, a price-to-earnings ratio of 69.71 and a beta of 1.08.

Republic First Bancorp (NASDAQ:FRBK) last announced its quarterly earnings results on Thursday, July 20th. The bank reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. The firm had revenue of $20.24 million for the quarter. Republic First Bancorp had a net margin of 7.37% and a return on equity of 3.45%. On average, analysts expect that Republic First Bancorp, Inc. will post $0.16 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Capital World Investors Has $21.54 Million Position in Republic First Bancorp, Inc. (FRBK)” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/10/capital-world-investors-has-21-54-million-position-in-republic-first-bancorp-inc-frbk.html.

Several research analysts recently we

A number of other institutional investors have also recently added to or reduced their stakes in FRBK. Teachers Advisors LLC boosted its holdings in Republic First Bancorp by 36.1% during the fourth quarter. Teachers Advisors LLC now owns 72,110 shares of the bank’s stock worth $602,000 after purchasing an additional 19,136 shares during the last quarter. Nationwide Fund Advisors boosted its holdings in Republic First Bancorp by 14.0% during the first quarter. Nationwide Fund Advisors now owns 31,468 shares of the bank’s stock worth $261,000 after purchasing an additional 3,859 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Republic First Bancorp by 52.7% during the first quarter. Wells Fargo & Company MN now owns 52,900 shares of the bank’s stock worth $439,000 after purchasing an additional 18,250 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Republic First Bancorp by 41.9% during the first quarter. Bank of New York Mellon Corp now owns 281,295 shares of the bank’s stock worth $2,335,000 after purchasing an additional 83,048 shares during the last quarter. Finally, American International Group Inc. boosted its holdings in Republic First Bancorp by 56.5% during the first quarter. American International Group Inc. now owns 30,265 shares of the bank’s stock worth $251,000 after purchasing an additional 10,926 shares during the last quarter. Institutional investors and hedge funds own 54.73% of the company’s stock.

Shares of Republic First Bancorp, Inc. (NASDAQ:FRBK) opened at 9.55 on Tuesday. Republic First Bancorp, Inc. has a 12 month low of $3.70 and a 12 month high of $9.90. The firm has a 50-day moving average of $8.91 and a 200 day moving average of $8.90. The company has a market cap of $544.07 million, a price-to-earnings ratio of 69.71 and a beta of 1.08.

Republic First Bancorp (NASDAQ:FRBK) last announced its quarterly earnings results on Thursday, July 20th. The bank reported $0.04 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.04. The firm had revenue of $20.24 million for the quarter. Republic First Bancorp had a net margin of 7.37% and a return on equity of 3.45%. On average, analysts expect that Republic First Bancorp, Inc. will post $0.16 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Capital World Investors Has $21.54 Million Position in Republic First Bancorp, Inc. (FRBK)” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this news story on another site, it was illegally stolen and republished in violation of United States & international trademark and copyright laws. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/10/capital-world-investors-has-21-54-million-position-in-republic-first-bancorp-inc-frbk.html.

Several research analysts recently weighed in on the stock. BidaskClub cut shares of Republic First Bancorp from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Keefe, Bruyette & Woods set a $9.00 price target on shares of Republic First Bancorp and gave the stock a “hold” rating in a report on Sunday, July 23rd.

Republic First Bancorp 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.

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

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