Republic First Bancorp (NASDAQ:FRBK) Now Covered by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Republic First Bancorp (NASDAQ:FRBK) in a report released on Thursday. The brokerage set a “sell” rating on the bank’s stock.

Republic First Bancorp Price Performance

NASDAQ FRBK opened at $0.01 on Thursday. The business’s 50 day moving average price is $0.02 and its 200-day moving average price is $0.08. Republic First Bancorp has a fifty-two week low of $0.00 and a fifty-two week high of $1.55.

Institutional Investors Weigh In On Republic First Bancorp

Institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. bought a new stake in shares of Republic First Bancorp during the 1st quarter worth approximately $52,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Republic First Bancorp during the first quarter valued at $59,000. Prudential Financial Inc. bought a new position in shares of Republic First Bancorp in the second quarter worth about $48,000. AQR Capital Management LLC bought a new position in shares of Republic First Bancorp in the second quarter worth about $55,000. Finally, Advisor Group Holdings Inc. increased its stake in Republic First Bancorp by 12.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 22,147 shares of the bank’s stock worth $120,000 after buying an additional 2,500 shares during the period. 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.