Republic First Bancorp (NASDAQ:FRBK) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Republic First Bancorp (NASDAQ:FRBK) in a research note published on Friday. The brokerage issued a sell rating on the bank’s stock.

Republic First Bancorp Price Performance

Shares of NASDAQ FRBK opened at $0.01 on Friday. Republic First Bancorp has a 1 year low of $0.00 and a 1 year high of $1.55. The firm has a 50-day simple moving average of $0.02 and a two-hundred day simple moving average of $0.07.

Institutional Trading of Republic First Bancorp

Several institutional investors have recently added to or reduced their stakes in FRBK. Advisor Group Holdings Inc. lifted its stake in Republic First Bancorp by 12.7% in the first quarter. Advisor Group Holdings Inc. now owns 22,147 shares of the bank’s stock worth $120,000 after purchasing an additional 2,500 shares during the last quarter. PNC Financial Services Group Inc. bought a new stake in Republic First Bancorp in the first quarter worth about $52,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Republic First Bancorp during the first quarter valued at approximately $614,000. MetLife Investment Management LLC bought a new stake in shares of Republic First Bancorp during the first quarter valued at approximately $126,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Republic First Bancorp by 14.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,820,057 shares of the bank’s stock valued at $9,391,000 after acquiring an additional 226,805 shares in the last quarter. Institutional investors own 8.93% of the company’s stock.

About Republic First Bancorp

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. It accepts consumer and commercial deposit, checking, interest-bearing demand, money market, savings, sweep, and individual retirement accounts, as well as certificates of deposit.