Republic First Bancorp (FRBK) was Reiterated by RBC Capital Mkts to “Sector Perform” according to the research note released today. The brokerage firm has raised the Price Target to $ 5 from a previous price target of $4.50 . RBC Capital Mkts advised their investors in a research report released on Apr 26, 2016.
Republic First Bancorp closed down -0.03 points or -0.64% at $4.67 with 54,194 shares getting traded on Friday. Post opening the session at $4.74, the shares hit an intraday low of $4.64 and an intraday high of $4.8 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, 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.