Republic First Bancorp, Inc. (FRBK) Could Burn Your Portfolio. The Stock Formed Bearish Double Bottom Pattern

February 15, 2018 - By Adrian Mccoy

Investors sentiment decreased to 0.97 in Q3 2017. Its down 0.51, from 1.48 in 2017Q2. It worsened, 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.
Barclays Public Limited accumulated 0% or 1,237 shares. First Advsrs Lp has invested 0% of its portfolio in Republic First Bancorp, Inc. (NASDAQ:FRBK). Peak6 Invests Ltd Partnership reported 16,129 shares. Voya Investment Management Limited Liability has invested 0% in Republic First Bancorp, Inc. (NASDAQ:FRBK). Schwab Charles Mgmt stated it has 81,400 shares. Spruce House Investment Mgmt Ltd Liability Corporation accumulated 1.87M shares or 1.12% of the stock. Ulysses Management Ltd owns 431,095 shares for 0.43% of their portfolio. Amer Group Inc Inc holds 0% of its portfolio in Republic First Bancorp, Inc. (NASDAQ:FRBK) for 32,668 shares. Gilder Gagnon Howe Co Ltd Llc has invested 0.23% of its portfolio in Republic First Bancorp, Inc. (NASDAQ:FRBK). Kistler holds 0% in Republic First Bancorp, Inc. (NASDAQ:FRBK) or 100 shares. Pnc Gp Inc invested in 5,000 shares or 0% of the stock. Moreover, Rhumbline Advisers has 0% invested in Republic First Bancorp, Inc. (NASDAQ:FRBK) for 52,128 shares. Panagora Asset accumulated 23,766 shares. 2.57M were accumulated by Blackrock. Vanguard Group has 0% invested in Republic First Bancorp, Inc. (NASDAQ:FRBK).

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. Bruyette & Woods” initiated Republic First Bancorp, Inc. (NASDAQ:FRBK) on Thursday, August 20 with “Mkt Perform” rating. The stock of Republic First Bancorp, Inc. (NASDAQ:FRBK) has “Hold” rating given on Friday, July 21 by Keefe Bruyette & Woods. The company was maintained on Thursday, June 1 by Keefe Bruyette & Woods. The rating was initiated by KBW on Thursday, August 20 with “Market Perform”. Sandler O’Neill maintained the shares of FRBK in report on Wednesday, January 3 with “Hold” rating. The stock has “Hold” rating by Sandler O’Neill on Wednesday, January 24. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, December 21. The firm has “Hold” rating given on Tuesday, October 3 by Keefe Bruyette & Woods.

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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