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

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Republic First Bancorp, Inc. (NASDAQ:FRBK) Director Lisa R. Jacobs purchased 2,900 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was acquired at an average cost of $4.84 per share, with a total value of $14,036.00. Following the completion of the acquisition, the director now directly owns 8,600 shares of the company’s stock, valued at $41,624. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

NASDAQ:FRBK traded up $0.03 on Friday, hitting $5.10. 116,100 shares of the stock were exchanged, compared to its average volume of 123,826. The stock has a market capitalization of $300.08 million, a P/E ratio of 38.00 and a beta of 1.00. Republic First Bancorp, Inc. has a 52 week low of $4.76 and a 52 week high of $9.30. 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 (NASDAQ:FRBK) last announced its quarterly earnings data on Thursday, April 25th. The bank reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). The firm had revenue of $24.17 million for the quarter. Republic First Bancorp had a return on equity of 3.02% and a net margin of 6.19%.

A number of research firms recently issued reports on FRBK. TheStreet cut Republic First Bancorp from a “b-” rating to a “c” rating in a report on Wednesday, May 1st. BidaskClub cut Republic First Bancorp from a “sell” rating to a “strong sell” rating in a report on Friday, May 3rd.

A number of large investors have recently added to or reduced their stakes in the business. Northern Trust Corp boosted its position in Republic First Bancorp by 0.6% during the 1st quarter. Northern Trust Corp now owns 588,476 shares of the bank’s stock worth $3,090,000 after acquiring an additional 3,283 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Republic First Bancorp by 1.5% in the 4th quarter. Bank of New York Mellon Corp now owns 254,926 shares of the bank’s stock valued at $1,522,000 after acquiring an additional 3,753 shares during the period. Oppenheimer Asset Management Inc. raised its stake in Republic First Bancorp by 15.8% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 28,022 shares of the bank’s stock valued at $167,000 after acquiring an additional 3,815 shares during the period. FSI Group LLC grew its holdings in Republic First Bancorp by 1.1% in the 4th quarter. FSI Group LLC now owns 437,394 shares of the bank’s stock valued at $2,611,000 after buying an additional 4,566 shares in the last quarter. Finally, BNP Paribas Arbitrage SA grew its holdings in shares of Republic First Bancorp by 663.9% during 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 in the last quarter. 59.16% of the stock is owned by hedge funds and other institutional investors.

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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.

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

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