California Public Employees Retirement System raised its holdings in Republic First Bancorp, Inc. (NASDAQ:FRBK) by 38.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 96,164 shares of the bank’s stock after acquiring an additional 26,700 shares during the quarter. California Public Employees Retirement System owned about 0.17% of Republic First Bancorp worth $890,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of Republic First Bancorp by 5.1% during the second quarter. Vanguard Group Inc. now owns 2,013,322 shares of the bank’s stock worth $18,624,000 after purchasing an additional 97,585 shares in the last quarter. Gilder Gagnon Howe & Co. LLC boosted its position in shares of Republic First Bancorp by 872.0% during the second quarter. Gilder Gagnon Howe & Co. LLC now owns 1,803,614 shares of the bank’s stock worth $16,683,000 after purchasing an additional 1,618,062 shares in the last quarter. FMR LLC bought a new position in shares of Republic First Bancorp during the second quarter worth $15,153,000. Northern Trust Corp lifted its position in Republic First Bancorp by 1.1% in the 2nd quarter. Northern Trust Corp now owns 593,568 shares of the bank’s stock valued at $5,491,000 after acquiring an additional 6,331 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Republic First Bancorp by 5.2% in the 1st quarter. Geode Capital Management LLC now owns 479,199 shares of the bank’s stock valued at $3,977,000 after acquiring an additional 23,478 shares in the last quarter. 54.44% of the stock is currently owned by hedge funds and other institutional investors.

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Several equities research analysts recently commented on FRBK shares. Keefe, Bruyette & Woods set a $9.00 price objective on shares of Republic First Bancorp and gave the company a “hold” rating in a research report on Sunday, July 23rd. BidaskClub cut shares of Republic First Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, August 2nd.

Shares of Republic First Bancorp, Inc. (NASDAQ:FRBK) opened at $8.80 on Wednesday. The company has a market cap of $495.81, a price-to-earnings ratio of 62.14 and a beta of 1.06. Republic First Bancorp, Inc. has a 52-week low of $4.40 and a 52-week high of $9.90. 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 posted its quarterly earnings data on Monday, October 23rd. The bank reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. The business had revenue of $21.49 million for the quarter. Republic First Bancorp had a net margin of 8.97% and a return on equity of 3.48%.

About Republic First Bancorp

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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Institutional Ownership by Quarter for Republic First Bancorp (NASDAQ:FRBK)

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