Revenue Update on Republic First Bancorp(NASDAQ:FRBK)

Republic First Bancorp(NASDAQ:FRBK) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Intraday on Jul 28, 2016. Company reported revenue of $14.63M. Analysts estimated a revenue of $14.19M. Earnings per share were $0.03. Analysts had estimated an EPS of $0.03.

Republic First Bancorp (FRBK) made into the market gainers list on Thursdays trading session with the shares advancing 0.93% or 0.04 points. Due to strong positive momentum, the stock ended at $4.34, which is also near the day’s high of $4.34. The stock began the session at $4.3 and the volume stood at 50,946 shares. The 52-week high of the shares is $4.84 and the 52 week low is $3.32. The company has a current market capitalization of $164 M and it has 3,78,93,753 shares in outstanding.

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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