Republic First Bancorp, Inc. (NASDAQ:FRBK) Director Harry Madonna bought 10,000 shares of the stock in a transaction on Tuesday, May 21st. The stock was purchased at an average price of $5.10 per share, with a total value of $51,000.00. Following the completion of the acquisition, the director now directly owns 698,684 shares in the company, valued at approximately $3,563,288.40. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of FRBK traded down $0.07 during mid-day trading on Thursday, reaching $4.89. The company had a trading volume of 3,036 shares, compared to its average volume of 124,095. Republic First Bancorp, Inc. has a 52-week low of $4.76 and a 52-week high of $9.00. The company has a quick ratio of 0.63, a current ratio of 0.64 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $295.98 million, a price-to-earnings ratio of 38.69 and a beta of 1.00.
Republic First Bancorp (NASDAQ:FRBK) last issued its earnings results on Thursday, April 25th. The bank reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03). Republic First Bancorp had a return on equity of 3.02% and a net margin of 6.19%. The company had revenue of $24.17 million during the quarter.
Institutional investors and hedge funds have recently modified their holdings of the company. FMR LLC lifted its position in shares of Republic First Bancorp by 2.5% in the fourth quarter. FMR LLC now owns 1,736,900 shares of the bank’s stock valued at $10,370,000 after acquiring an additional 41,600 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in Republic First Bancorp by 15.8% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 28,022 shares of the bank’s stock valued at $167,000 after purchasing an additional 3,815 shares during the period. Schaller Investment Group Inc. boosted its holdings in Republic First Bancorp by 0.3% in the fourth quarter. Schaller Investment Group Inc. now owns 3,797,385 shares of the bank’s stock valued at $22,670,000 after purchasing an additional 10,500 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Republic First Bancorp by 30.5% in the third quarter. Dimensional Fund Advisors LP now owns 807,872 shares of the bank’s stock valued at $5,776,000 after purchasing an additional 188,580 shares during the period. Finally, Costello Asset Management INC purchased a new position in Republic First Bancorp in the fourth quarter valued at $1,207,000. Hedge funds and other institutional investors own 57.92% of the company’s stock.
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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 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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