Republic First Bancorp Inc. (FRBK) Set to Announce Quarterly Earnings on Thursday
Republic First Bancorp Inc. (NASDAQ:FRBK) will be announcing its earnings results on Thursday, October 20th. Analysts expect the company to announce earnings of $0.02 per share for the quarter.
Republic First Bancorp (NASDAQ:FRBK) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.03 EPS for the quarter, meeting the consensus estimate of $0.03. Republic First Bancorp had a return on equity of 3.01% and a net margin of 5.66%. On average, analysts expect Republic First Bancorp to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Republic First Bancorp Inc. (NASDAQ:FRBK) opened at 4.05 on Tuesday. The stock has a market cap of $153.56 million, a price-to-earnings ratio of 50.63 and a beta of 1.01. The firm’s 50-day moving average price is $4.12 and its 200 day moving average price is $4.32. Republic First Bancorp Inc. has a 12 month low of $3.75 and a 12 month high of $4.84.
A number of hedge funds have recently added to or reduced their stakes in FRBK. State Street Corp raised its stake in Republic First Bancorp by 2,131.6% in the second quarter. State Street Corp now owns 275,579 shares of the company’s stock valued at $1,186,000 after buying an additional 263,230 shares during the last quarter. Rhumbline Advisers bought a new stake in Republic First Bancorp during the second quarter valued at $103,000. Teachers Advisors Inc. bought a new stake in Republic First Bancorp during the second quarter valued at $228,000. BlackRock Institutional Trust Company N.A. bought a new stake in Republic First Bancorp during the second quarter valued at $1,018,000. Finally, BlackRock Fund Advisors raised its stake in Republic First Bancorp by 1,028.1% in the second quarter. BlackRock Fund Advisors now owns 876,534 shares of the company’s stock valued at $3,778,000 after buying an additional 798,833 shares during the last quarter. Institutional investors own 43.89% of the company’s stock.
Several analysts have recently issued reports on the company. Keefe, Bruyette & Woods upped their price objective on Republic First Bancorp from $4.25 to $4.50 and gave the stock a “market perform” rating in a report on Monday, August 1st. TheStreet cut Republic First Bancorp from a “buy” rating to a “hold” rating in a report on Friday, October 7th.
Republic First Bancorp Company Profile
Republic First Bancorp, Inc is a holding company for Republic First Bank (the Bank), which does business under the name Republic Bank. The Company’s community banking segment encompasses the commercial loan and deposit activities of the Bank, as well as consumer loan products. It offers a range of banking products and services, including consumer and commercial deposit accounts, checking accounts, interest-bearing demand accounts, money market accounts, certificates of deposit, savings accounts, sweep accounts, lockbox services and individual retirement accounts, 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.
Receive News & Ratings for Republic First Bancorp Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Republic First Bancorp Inc. and related companies with MarketBeat.com's FREE daily email newsletter.