Dimensional Fund Advisors LP Grows Holdings in Republic First Bancorp, Inc. (FRBK)

February 19th, 20188:16 am @

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Dimensional Fund Advisors LP increased its holdings in shares of Republic First Bancorp, Inc. (NASDAQ:FRBK) by 4.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 518,618 shares of the bank’s stock after acquiring an additional 20,242 shares during the period. Dimensional Fund Advisors LP owned about 0.91% of Republic First Bancorp worth $4,797,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of FRBK. Citadel Advisors LLC purchased a new position in shares of Republic First Bancorp in the 3rd quarter valued at $113,000. State Board of Administration of Florida Retirement System purchased a new position in Republic First Bancorp during the 3rd quarter worth $134,000. State Street Corp grew its stake in Republic First Bancorp by 13.4% during the 2nd quarter. State Street Corp now owns 883,908 shares of the bank’s stock worth $8,178,000 after buying an additional 104,693 shares during the last quarter. Capital World Investors grew its stake in Republic First Bancorp by 150.6% during the 2nd quarter. Capital World Investors now owns 2,329,000 shares of the bank’s stock worth $21,543,000 after buying an additional 1,399,457 shares during the last quarter. Finally, Goldman Sachs Group Inc. purchased a new position in Republic First Bancorp during the 2nd quarter worth $1,490,000. 54.20% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on FRBK. BidaskClub cut Republic First Bancorp from a “sell” rating to a “strong sell” rating in a report on Saturday, January 6th. Sandler O’Neill set a $9.00 price objective on Republic First Bancorp and gave the stock a “hold” rating in a research note on Wednesday, January 3rd.

Shares of Republic First Bancorp, Inc. (FRBK) opened at $8.53 on Monday. Republic First Bancorp, Inc. has a 52-week low of $7.55 and a 52-week high of $9.90. The stock has a market capitalization of $485.84, a P/E ratio of 53.28 and a beta of 0.91. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.65 and a quick ratio of 0.63.

Republic First Bancorp (NASDAQ:FRBK) last released its quarterly earnings data on Monday, January 22nd. The bank reported $0.00 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.04). Republic First Bancorp had a net margin of 9.79% and a return on equity of 2.71%. The business had revenue of $21.88 million during the quarter.

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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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