Schaller Investment Group Inc buys $16.4 Million stake in Republic First Bancorp (FRBK)

Republic First Bancorp (FRBK) : Schaller Investment Group Inc scooped up 31,188 additional shares in Republic First Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 3,555,156 shares of Republic First Bancorp which is valued at $16.4 Million.Republic First Bancorp makes up approximately 10.58% of Schaller Investment Group Inc’s portfolio.

Other Hedge Funds, Including , Alpine Partners Vi added FRBK to its portfolio by purchasing 13,106 company shares during the most recent quarter which is valued at $60,288. Republic First Bancorp makes up approx 0.01% of Alpine Partners Vi’s portfolio.Blackrock Fund Advisors reduced its stake in FRBK by selling 5,982 shares or 7.15% in the most recent quarter. The Hedge Fund company now holds 77,701 shares of FRBK which is valued at $357,425.

Republic First Bancorp closed down -0.02 points or -0.44% at $4.48 with 23,551 shares getting traded on Friday. Post opening the session at $4.5, the shares hit an intraday low of $4.48 and an intraday high of $4.51 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Many Wall Street Analysts have commented on Republic First Bancorp. Company shares were Reiterated by RBC Capital Mkts on Apr 26, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 5 from a previous price target of $4.50 .

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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