Republic First Bancorp Inc. (FRBK) Trading Down 5.3%
Shares of Republic First Bancorp Inc. (NASDAQ:FRBK) were down 5.3% during trading on Friday . The stock traded as low as $4.08 and last traded at $4.10, with a volume of 65,140 shares traded. The stock had previously closed at $4.33.
Separately, Keefe, Bruyette & Woods raised their target price on Republic First Bancorp from $4.25 to $4.50 and gave the stock a “market perform” rating in a research report on Monday, August 1st.
The firm has a market capitalization of $153.56 million and a price-to-earnings ratio of 50.63. The company has a 50 day moving average of $4.32 and a 200 day moving average of $4.31.
Republic First Bancorp (NASDAQ:FRBK) last announced its earnings results on Thursday, July 28th. The company reported $0.03 EPS for the quarter, hitting the consensus estimate of $0.03. Equities analysts expect that Republic First Bancorp Inc. will post $0.10 EPS for the current year.
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.
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