Republic First Bancorp, Inc. (FRBK) Issues Earnings Results
Republic First Bancorp, Inc. (NASDAQ:FRBK) released its earnings results on Monday. The bank reported $0.04 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.04, Bloomberg Earnings reports. The firm had revenue of $21.49 million for the quarter. Republic First Bancorp had a net margin of 7.37% and a return on equity of 3.45%.
Republic First Bancorp (NASDAQ FRBK) traded up 1.09% during mid-day trading on Tuesday, hitting $9.30. 14,253 shares of the stock traded hands. Republic First Bancorp has a 1-year low of $3.70 and a 1-year high of $9.90. The company’s 50 day moving average price is $9.09 and its 200-day moving average price is $8.97. The stock has a market cap of $529.83 million, a price-to-earnings ratio of 67.88 and a beta of 1.08.
A number of research analysts have weighed in on FRBK shares. BidaskClub cut shares of Republic First Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Keefe, Bruyette & Woods set a $9.00 price target on shares of Republic First Bancorp and gave the company a “hold” rating in a research report on Sunday, July 23rd.
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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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