Gilder Gagnon Howe & Co. LLC Has $16.48 Million Holdings in Republic First Bancorp, Inc. (FRBK)

Gilder Gagnon Howe & Co. LLC decreased its position in shares of Republic First Bancorp, Inc. (NASDAQ:FRBK) by 1.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,781,506 shares of the bank’s stock after selling 22,108 shares during the quarter. Gilder Gagnon Howe & Co. LLC owned about 3.13% of Republic First Bancorp worth $16,479,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc raised its holdings in Republic First Bancorp by 0.8% during the 1st quarter. Legal & General Group Plc now owns 13,150 shares of the bank’s stock worth $109,000 after purchasing an additional 98 shares during the last quarter. State Board of Administration of Florida Retirement System bought a new position in Republic First Bancorp during the 3rd quarter worth approximately $134,000. Parametric Portfolio Associates LLC raised its holdings in Republic First Bancorp by 1.7% during the 2nd quarter. Parametric Portfolio Associates LLC now owns 19,406 shares of the bank’s stock worth $180,000 after purchasing an additional 328 shares during the last quarter. Palisades Hudson Asset Management L.P. bought a new position in Republic First Bancorp during the 2nd quarter worth approximately $194,000. Finally, Voya Investment Management LLC raised its holdings in Republic First Bancorp by 80.2% during the 2nd quarter. Voya Investment Management LLC now owns 21,942 shares of the bank’s stock worth $203,000 after purchasing an additional 9,763 shares during the last quarter. Hedge funds and other institutional investors own 54.44% of the company’s stock.

Republic First Bancorp, Inc. (FRBK) remained flat at $$8.70 during trading hours on Tuesday. 30,900 shares of the company’s stock traded hands, compared to its average volume of 191,868. The company has a market cap of $495.65, a P/E ratio of 62.14 and a beta of 1.06. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.63 and a current ratio of 0.65. Republic First Bancorp, Inc. has a one year low of $4.40 and a one year high of $9.90.

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

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Several research analysts have issued reports on FRBK shares. Keefe, Bruyette & Woods restated a “hold” rating and set a $9.00 price target on shares of Republic First Bancorp in a report on Tuesday, October 3rd. BidaskClub lowered shares of Republic First Bancorp from a “hold” rating to a “sell” rating in a report on Wednesday, August 23rd.

Republic First Bancorp Profile

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.

Institutional Ownership by Quarter for Republic First Bancorp (NASDAQ:FRBK)

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