Republic First Bancorp, Inc. (FRBK) Can’t Burn Your Short Portfolio. Just Reaches Yearly Low

July 16, 2018 - By Matthew Richard

Investors sentiment increased to 1.33 in Q1 2018. Its up 0.22, from 1.11 in 2017Q4. It increased, as 5 investors sold Republic First Bancorp, Inc. shares while 19 reduced holdings. 6 funds opened positions while 26 raised stakes. 30.20 million shares or 0.89% less from 30.47 million shares in 2017Q4 were reported.
Tiaa Cref Investment Ltd Liability accumulated 0% or 121,847 shares. Employees Retirement Association Of Colorado accumulated 41,455 shares. Keybank National Association Oh owns 35,867 shares for 0% of their portfolio. Cordasco Fincl Net reported 25,000 shares. Vanguard Gru has 0% invested in Republic First Bancorp, Inc. (NASDAQ:FRBK) for 2.17 million shares. Janney Montgomery Scott Ltd Limited Liability Company reported 34,550 shares or 0% of all its holdings. Hbk Sorce Advisory Ltd Llc owns 0.66% invested in Republic First Bancorp, Inc. (NASDAQ:FRBK) for 605,672 shares. Great West Life Assurance Can reported 4,800 shares or 0% of all its holdings. 2.65M are held by Blackrock. Emerald Mutual Fund Advisers Tru has invested 0.25% in Republic First Bancorp, Inc. (NASDAQ:FRBK). Kistler holds 100 shares. Vermont-based Prentiss Smith And has invested 0.08% in Republic First Bancorp, Inc. (NASDAQ:FRBK). Gilder Gagnon Howe & Communication Ltd Liability stated it has 0.17% of its portfolio in Republic First Bancorp, Inc. (NASDAQ:FRBK). First Tru Advsrs L P invested 0% in Republic First Bancorp, Inc. (NASDAQ:FRBK). Royal Bankshares Of Canada has invested 0% in Republic First Bancorp, Inc. (NASDAQ:FRBK).

Since February 23, 2018, it had 1 insider purchase, and 0 sales for $8,425 activity.

The stock of Republic First Bancorp, Inc. (NASDAQ:FRBK) hit a new 52-week low and has $7.42 target or 4.00 % below today’s $7.73 share price. The 5 months bearish chart indicates high risk for the $453.82M company. The 1-year low was reported on Jul, 16 by Barchart.com. If the $7.42 price target is reached, the company will be worth $18.15M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 1.59% or $0.125 during the last trading session, reaching $7.725. About 64,084 shares traded. Republic First Bancorp, Inc. (NASDAQ:FRBK) has declined 3.87% since July 16, 2017 and is downtrending. It has underperformed by 16.44% the S&P500.

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 $453.82 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 51.5 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.

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

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