Does This Provide a Reason to Sell Republic First Bancorp, Inc. (FRBK)? The Stock Has Formed Double Bottom Chart Pattern

February 15, 2018 - By Hazel Jackson

Investors sentiment decreased to 0.97 in 2017 Q3. Its down 0.51, from 1.48 in 2017Q2. It dropped, as 4 investors sold Republic First Bancorp, Inc. shares while 25 reduced holdings. 6 funds opened positions while 22 raised stakes. 30.37 million shares or 0.48% less from 30.51 million shares in 2017Q2 were reported.
Ny State Common Retirement Fund stated it has 43,500 shares or 0% of all its holdings. Fmr Ltd Liability stated it has 1.64M shares. Ameritas holds 4,071 shares. 371,587 are owned by Fsi Group Ltd Liability. Schwab Charles Invest Management reported 0% in Republic First Bancorp, Inc. (NASDAQ:FRBK). New Jersey-based Bessemer Group Inc has invested 0% in Republic First Bancorp, Inc. (NASDAQ:FRBK). Wellington Group Llp accumulated 0.01% or 3.36 million shares. Barclays Pcl holds 0% or 1,237 shares in its portfolio. Ulysses Management Ltd holds 431,095 shares or 0.43% of its portfolio. 747,663 are owned by Emerald Mutual Fund Advisers. Schaller Investment Group reported 18.46% of its portfolio in Republic First Bancorp, Inc. (NASDAQ:FRBK). Citigroup Inc has 26,732 shares. Invesco Ltd has invested 0% in Republic First Bancorp, Inc. (NASDAQ:FRBK). Fincl Architects Inc holds 0.07% or 4,000 shares in its portfolio. Private Advisor Gp Limited Liability Company accumulated 31,156 shares or 0.01% of the stock.

The chart of Republic First Bancorp, Inc. (FRBK) shows a double bottom with $7.60 target or 9.00 % below today’s $8.35 share price. The 8 months chart pattern indicates high risk for the $475.87M company. It was reported on Feb, 15 by Finviz.com. If the $7.60 price target is reached, the company will be worth $42.83 million less. Double bottoms are rare but powerful chart patterns.

The stock increased 1.21% or $0.1 during the last trading session, reaching $8.35. About 17,350 shares traded. Republic First Bancorp, Inc. (NASDAQ:FRBK) has risen 95.56% since February 15, 2017 and is uptrending. It has outperformed by 78.86% the S&P500.

Republic First Bancorp, Inc. (NASDAQ:FRBK) Ratings Coverage

Among 4 analysts covering Republic First Bancorp (NASDAQ:FRBK), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Republic First Bancorp had 9 analyst reports since August 20, 2015 according to SRatingsIntel. The stock of Republic First Bancorp, Inc. (NASDAQ:FRBK) earned “Hold” rating by Sandler O’Neill on Wednesday, January 24. Keefe Bruyette & Woods maintained Republic First Bancorp, Inc. (NASDAQ:FRBK) on Thursday, June 1 with “Hold” rating. The rating was initiated by KBW with “Market Perform” on Thursday, August 20. The rating was maintained by Keefe Bruyette & Woods on Thursday, December 21 with “Hold”. The firm has “Hold” rating given on Friday, July 21 by Keefe Bruyette & Woods. The firm earned “Mkt Perform” rating on Thursday, August 20 by Bruyette & Woods”. The firm has “Hold” rating by Sandler O’Neill given on Wednesday, January 3. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Tuesday, October 3 report.

Another recent and important Republic First Bancorp, Inc. (NASDAQ:FRBK) news was published by Globenewswire.com which published an article titled: “Republic First Bancorp, Inc. Reports 80% Increase in Net Income and Deposit …” on January 22, 2018.

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