Is Selling Stock Like Republic First Bancorp, Inc. (FRBK) After This Double Bottom Chart Pattern Winning Strategy?

Investors sentiment increased to 2.04 in Q2 2018. Its up 0.71, from 1.33 in 2018Q1. It improved, as 3 investors sold Republic First Bancorp, Inc. shares while 20 reduced holdings. 21 funds opened positions while 26 raised stakes. 34.68 million shares or 14.84% more from 30.20 million shares in 2018Q1 were reported.
Goldman Sachs Group Inc Inc holds 0% of its portfolio in Republic First Bancorp, Inc. (NASDAQ:FRBK) for 613,636 shares. Janney Montgomery Scott Ltd Liability invested 0% in Republic First Bancorp, Inc. (NASDAQ:FRBK). Security National Trust holds 1,490 shares. Provise Group Inc Limited Liability Company invested 0.01% in Republic First Bancorp, Inc. (NASDAQ:FRBK). Metropolitan Life Ins New York accumulated 14,066 shares. New York State Common Retirement Fund has invested 0% in Republic First Bancorp, Inc. (NASDAQ:FRBK). Teacher Retirement Systems Of Texas holds 10,388 shares. Bnp Paribas Arbitrage Sa stated it has 1,675 shares. Legal & General Gp Public Ltd accumulated 7,561 shares or 0% of the stock. Trexquant Invest Lp accumulated 12,720 shares. Barclays Public Limited Company owns 0% invested in Republic First Bancorp, Inc. (NASDAQ:FRBK) for 20,208 shares. Keybank National Association Oh holds 38,099 shares. Dimensional Fund Lp has invested 0% of its portfolio in Republic First Bancorp, Inc. (NASDAQ:FRBK). Citigroup Incorporated holds 0% in Republic First Bancorp, Inc. (NASDAQ:FRBK) or 6,359 shares. Morgan Stanley invested in 0% or 162,507 shares.

Since July 31, 2018, it had 2 insider purchases, and 0 insider sales for $77,663 activity. 10,000 Republic First Bancorp, Inc. (NASDAQ:FRBK) shares with value of $67,924 were bought by Flocco Theodore J JR.

The chart of Republic First Bancorp, Inc. (FRBK) shows a double bottom with $7.10 target or 6.00 % below today’s $7.55 share price. The 5 months chart pattern indicates high risk for the $443.85M company. It was reported on Dec, 2 by Finviz.com. If the $7.10 price target is reached, the company will be worth $26.63 million less. Double bottoms are rare but powerful chart patterns.

The stock increased 2.44% or $0.18 during the last trading session, reaching $7.55. About 225,463 shares traded or 116.28% up from the average. Republic First Bancorp, Inc. (NASDAQ:FRBK) has declined 16.95% since December 2, 2017 and is downtrending. It has underperformed by 32.57% the S&P500.

More notable recent Republic First Bancorp, Inc. (NASDAQ:FRBK) news were published by: Globenewswire.com which released: “UPDATE — Republic First Bancorp, Inc. Reports First Quarter Financial Results – Assets Increase 26% and Deposits Grow 23% – GlobeNewswire” on April 23, 2018, also Prnewswire.com with their article: “Republic Bank Begins 2017 by Hiring Vice Presidents to Manage Stores in Pennsylvania and New Jersey – PR Newswire” published on February 08, 2017, Thestreet.com published: “Emotions Are Running This Market: Cramer’s ‘Mad Money’ Recap (Tuesday 5/8/18) – TheStreet” on May 08, 2018. More interesting news about Republic First Bancorp, Inc. (NASDAQ:FRBK) were released by: Bizjournals.com and their article: “Republic Bank recreating Vernon Hill’s S. Jersey powerhouse? – Philadelphia Business Journal” published on October 17, 2014 as well as Prnewswire.com‘s news article titled: “Republic Bank Opens New Store in Media, Pa – PR Newswire” with publication date: November 04, 2013.

Republic First Bancorp, Inc. operates as the holding firm for Republic First Bank that provides a range of credit and depository banking services and products to individuals and businesses primarily in Greater Philadelphia and Southern New Jersey. The company has market cap of $443.85 million. It offers consumer and commercial deposit, checking, interest-bearing demand, money market, savings, sweep, and individual retirement accounts, as well as certificates of deposit. It has a 50.33 P/E ratio. The firm also provides 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, as well as lockbox services.

Republic First Bancorp, Inc. (NASDAQ:FRBK) Institutional Positions Chart

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