Is Selling Republic First Bancorp, Inc. (FRBK) Here a Winning Strategy? The Stock Formed Wedge Down Pattern

Investors sentiment decreased to 1.03 in 2018 Q4. Its down 0.14, from 1.17 in 2018Q3. It turned negative, as 9 investors sold Republic First Bancorp, Inc. shares while 21 reduced holdings. 6 funds opened positions while 25 raised stakes. 27.75 million shares or 17.35% less from 33.57 million shares in 2018Q3 were reported.
Synovus Finance Corporation reported 0% in Republic First Bancorp, Inc. (NASDAQ:FRBK). The New York-based Morgan Stanley has invested 0% in Republic First Bancorp, Inc. (NASDAQ:FRBK). Bank Of New York Mellon invested 0% in Republic First Bancorp, Inc. (NASDAQ:FRBK). Wasatch Advsrs Inc invested 0.24% of its portfolio in Republic First Bancorp, Inc. (NASDAQ:FRBK). Ubs Asset Management Americas reported 28,700 shares stake. Metropolitan Life holds 0% in Republic First Bancorp, Inc. (NASDAQ:FRBK) or 14,066 shares. Deutsche State Bank Ag invested in 58,167 shares or 0% of the stock. California State Teachers Retirement System owns 68,903 shares or 0% of their US portfolio. Basswood Cap Mgmt Limited Liability Co accumulated 460,937 shares. Geode Mngmt Lc holds 0% or 555,018 shares. Delta Asset Management Ltd Tn holds 1,185 shares. Aqr Cap Limited Liability Corp reported 0% of its portfolio in Republic First Bancorp, Inc. (NASDAQ:FRBK). Citigroup Incorporated holds 0% or 11,927 shares in its portfolio. Schaller Gru has invested 16.78% of its portfolio in Republic First Bancorp, Inc. (NASDAQ:FRBK). Tiaa Cref Investment Mngmt Lc stated it has 0% in Republic First Bancorp, Inc. (NASDAQ:FRBK).

Since December 28, 2018, it had 1 insider purchase, and 0 insider sales for $11,980 activity.

The stock of Republic First Bancorp, Inc. (FRBK) formed a down wedge with $4.64 target or 4.00 % below today’s $4.83 share price. The 6 months wedge indicates high risk for the $284.13 million company. If the $4.64 price target is reached, the company will be worth $11.37 million less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock decreased 1.83% or $0.09 during the last trading session, reaching $4.83. About 88,863 shares traded. Republic First Bancorp, Inc. (NASDAQ:FRBK) has declined 26.32% since May 8, 2018 and is downtrending. It has underperformed by 30.69% the S&P500.

More notable recent Republic First Bancorp, Inc. (NASDAQ:FRBK) news were published by: Seekingalpha.com which released: “Republic First Bancorp, Inc. (FRBK) CEO Harry Madonna on Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” on October 26, 2018, also Prnewswire.com with their article: “Republic Bank Opens New Store in Moorestown, NJ – PR Newswire” published on September 12, 2016, Globenewswire.com published: “Republic First Bancorp, Inc. Reports Third Quarter Financial Results – GlobeNewswire” on October 25, 2018. More interesting news about Republic First Bancorp, Inc. (NASDAQ:FRBK) were released by: Prnewswire.com and their article: “Roman Catholic High School Honors Vernon and Shirley Hill with Greater Philadelphia Leadership Award – PR Newswire” published on March 07, 2016 as well as Finance.Yahoo.com‘s news article titled: “Demi Lovato calls out Instagram for promoting fat-shaming ad – Yahoo Finance” with publication date: January 04, 2019.

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 $284.13 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 38.95 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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