Is Republic First Bancorp, Inc. (FRBK) a Sell? The Stock Formed Bearish Wedge Down Pattern

Investors sentiment decreased to 1.03 in Q4 2018. Its down 0.14, from 1.17 in 2018Q3. It fall, 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.
Susquehanna Gp Llp stated it has 0% in Republic First Bancorp, Inc. (NASDAQ:FRBK). Delta Asset Mgmt Llc Tn owns 1,185 shares or 0% of their US portfolio. Security Natl has 0% invested in Republic First Bancorp, Inc. (NASDAQ:FRBK) for 1,490 shares. The North Carolina-based National Bank Of America Corp De has invested 0% in Republic First Bancorp, Inc. (NASDAQ:FRBK). Swiss Savings Bank accumulated 0% or 93,500 shares. Alliancebernstein Lp invested 0% of its portfolio in Republic First Bancorp, Inc. (NASDAQ:FRBK). Morgan Stanley accumulated 164,060 shares. Fmr Limited Liability holds 1.74M shares. Ubs Asset Management Americas holds 0% of its portfolio in Republic First Bancorp, Inc. (NASDAQ:FRBK) for 28,700 shares. Charles Schwab Inv Management reported 0% in Republic First Bancorp, Inc. (NASDAQ:FRBK). Barclays Public Ltd Co invested in 1,412 shares. Legal & General Group Inc Public Ltd Liability stated it has 0% of its portfolio in Republic First Bancorp, Inc. (NASDAQ:FRBK). 43,500 were accumulated by Ny State Common Retirement Fund. Bessemer Group Inc reported 0% in Republic First Bancorp, Inc. (NASDAQ:FRBK). Dimensional Fund Ltd Partnership holds 0% or 953,395 shares.

Since December 28, 2018, it had 1 buy, and 0 selling transactions 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: Bizjournals.com which released: “Nine years later, Vernon Hill is back as a bank chairman – Philadelphia Business Journal” on December 05, 2016, also Globenewswire.com with their article: “Republic Bank Hires Regional Vice President for Bucks County Market – GlobeNewswire” published on May 01, 2018, Globenewswire.com published: “Republic First Bancorp, Inc. to Report Fourth Quarter financial Results on January 28, 2019 – GlobeNewswire” on January 24, 2019. More interesting news about Republic First Bancorp, Inc. (NASDAQ:FRBK) were released by: Globenewswire.com and their article: “Republic Bank Hires Somers Point Store Manager – GlobeNewswire” published on November 19, 2018 as well as Bizjournals.com‘s news article titled: “Republic Bank set to enter New York City this summer – Philadelphia Business Journal” with publication date: February 19, 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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