Keefe Bruyette & Woods Maintains Republic First Bancorp to Market Perform with Price Target $4.50

Brokerage firm Keefe Bruyette & Woods Maintains its rating on Republic First Bancorp(NASDAQ:FRBK). In a research note issued to the investors, the brokerage major Raises the price-target to $4.50 per share. The shares have been rated Market Perform. The rating by Keefe Bruyette & Woods was issued on Aug 1, 2016.

Republic First Bancorp (FRBK) remained unchanged at the close of Monday session. Even as the volume increased to 26,753 ,the shares failed to make any impression and ended at 0 points or 0.00% at $4.35. The trading session commenced at $4.38 and the stock hit a high of $4.38 and touched $4.32 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $4.84 and the 52-week low is $3.32. The company has a market cap of $165 M and has approximately 3,78,93,753 outstanding shares.

Republic First Bancorp(FRBK) last announced its earnings results on Jul 28, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $14.63M. Analysts had an estimated revenue of $14.19M. Earnings per share were $0.03. Analysts had estimated an EPS of $0.03.

Several Insider Transactions has been reported to the SEC. On Feb 17, 2016, Theodore J Jr Flocco (director) purchased 8,000 shares at $3.94 per share price.

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 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 (and other traditional banking services) 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. The Company’s community banking segment primarily encompasses the commercial loan and deposit activities of Republic as well as consumer loan products in the areas surrounding its stores. Its primary service area consists of Greater Philadelphia and Southern New Jersey.

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