Fintel reports that Norcross George E Iii has filed Form 13D/A with the SEC, disclosing its ownership of 5,174,662 shares of Republic First Bancorp Inc (FRBK). This equates to his 8.1% of the company.
In their final filing dated December 9, 2022, they reported that they own 8.10% of the company, indicating no change in ownership.
On December 24, 2022, investor Raymond James & Associates, Inc. amended its previous filings to bind the issuer’s financial advisors, Keefe, Bruyette & Woods, Inc., on behalf of the reporter. I’ve updated the powerless suggestion with more. The revised proposal includes the following changes:
- A direct investment of $75,000,000 through the purchase of the issuer’s newly issued non-voting common stock, issued after obtaining all required shareholder approvals
- Corrections to certain terms in the updated terms sheet.
Republic Bank is the commercial name of Republic First Bank. Republic First Bank is a full-service, state-chartered commercial bank whose deposits are insured by the Federal Deposit Insurance Corporation (FDIC) to applicable limits. The bank offers a wide range of financial products through 31 offices in Atlantic, Burlington, Camden and Gloucester counties in New Jersey. Bucks County, Pennsylvania, Delaware, Montgomery County, Philadelphia County, New York County, New York. The Bank also offers a wide range of mortgage products through its mortgage division, Oak Mortgage Company.
What are other major shareholders doing?
CPV Partners, LLC holds 5,442,570 shares representing an 8.53% ownership interest in the company. No change from the previous quarter.
Bhz Capital Management, Lp holds 1,669,991 shares representing a 2.62% ownership interest in the company. No change from the previous quarter.
Banc Funds Co Llc holds 1,003,081 shares representing a 1.57% ownership interest in the company. No change from the previous quarter.
Geode Capital Management, Llc holds 904,399 shares representing a 1.42% ownership interest in the company. In previous filings, the company reported he owned 874,899 shares. will increase 3.26%.The office decreased Portfolio allocation at FRBK increased 20.50% last quarter.
Brandywine Global Investment Management, LLC holds 779,331 shares representing a 1.22% ownership interest in the company. In previous filings, the company reported that it owned 816,164 of his shares. Decrease 4.73%.The office decreased Portfolio allocation at FRBK increased 24.04% last quarter.
What is the overall sentiment of the fund?
There are 233 funds or institutions reporting Republic First Bancorp Inc positions. This is a decrease of 12 owners or 4.90%.
Portfolio average weight of all funds 0.0727% exclusive to Republic First Bancorp, Inc., down 9.2678%. The total number of shares held by institutional investors fell by 8.08% to 32,586,444 shares over the past three months.
Fintel’s Fund Sentiment Score is a quantitative model that ranks companies from 0 to 100 based on their Fund Sentiment. Fund sentiment is important because it indicates whether the fund is trading and how the company ranks relative to other companies in the investment universe.
Click to view Fintel Fund Sentiment Score for FRBK / Republic First Bancorp Inc..
This story was originally published in Fintel.
The views and opinions expressed herein are those of the authors and do not necessarily reflect those of Nasdaq, Inc.