FRBK - United Insurance Republic First Bancorp may fall out of Russell 2000 KBW says

KBW analyst Melissa Roberts expects that United Insurance Holdings ([[UIHC]] -1.8%) and Republic First Bancorp ([[FRBK]] -1.9%) may be dropped from the Russell 200 Index as she estimates the market cap cut-off for the index will be raised.Sees cut-off for inclusion in the index being raised to $259M from $257M.As a result, she estimates selling pressure of 1.7M UIHC shares (14 days) and 3.8M FRBK shares (19 days).The analyst will get the first official list of changes from FTSE Russell after the close on Friday, June 4; reconstitution takes effect after the close on June 25.SA contributor Chris DeMuth Jr. is expecting that FRBK will survive the reconstitution.

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United Insurance, Republic First Bancorp may fall out of Russell 2000, KBW says