Republic First Bancorp (NASDAQ:FRBK) released its quarterly earnings results on Sunday. The bank reported $0.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.04, Fidelity Earnings reports. Republic First Bancorp had a positive return on equity of 0.83% and a negative net margin of 1.09%.
Republic First Bancorp stock traded down $0.02 during mid-day trading on Tuesday, hitting $2.81. The company’s stock had a trading volume of 9,248 shares, compared to its average volume of 574,431. The company has a quick ratio of 0.78, a current ratio of 0.79 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $165.40 million, a P/E ratio of -94.33 and a beta of 1.32. Republic First Bancorp has a twelve month low of $1.80 and a twelve month high of $3.75. The stock’s fifty day moving average price is $2.92 and its two-hundred day moving average price is $2.49.
Separately, Zacks Investment Research upgraded shares of Republic First Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday, October 27th.
Republic First Bancorp, Inc operates as the holding company for Republic First Bank that provides a range of credit and depository banking products and services to individuals and businesses. The company accepts consumer and commercial deposit, checking, interest-bearing demand, money market, savings, sweep, and individual retirement accounts, as well as certificates of deposit.
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