Somewhat Positive Press Coverage Somewhat Unlikely to Affect Republic First Bancorp (FRBK) Share Price

Media stories about Republic First Bancorp (NASDAQ:FRBK) have been trending somewhat positive on Sunday, Accern reports. Accern identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Republic First Bancorp earned a daily sentiment score of 0.17 on Accern’s scale. Accern also assigned media stories about the bank an impact score of 45.7040648758393 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

A number of brokerages have weighed in on FRBK. Keefe, Bruyette & Woods reissued a “hold” rating and set a $9.00 price target on shares of Republic First Bancorp in a research report on Tuesday, October 3rd. BidaskClub downgraded Republic First Bancorp from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd.

Republic First Bancorp (NASDAQ:FRBK) traded up $0.05 during trading on Friday, hitting $9.50. The stock had a trading volume of 74,331 shares, compared to its average volume of 77,553. Republic First Bancorp has a 52 week low of $5.30 and a 52 week high of $9.90. The company has a quick ratio of 0.63, a current ratio of 0.65 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $541.41, a P/E ratio of 67.86 and a beta of 1.05.

Republic First Bancorp (NASDAQ:FRBK) last posted its earnings results on Monday, October 23rd. The bank reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. Republic First Bancorp had a return on equity of 3.48% and a net margin of 8.97%. The company had revenue of $21.49 million for the quarter.

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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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