First United (NASDAQ:FUNC) Share Price Crosses Above 200 Day Moving Average of $20.63

First United Co. (NASDAQ:FUNC) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $20.63 and traded as high as $22.49. First United shares last traded at $22.31, with a volume of 26,703 shares.

First United Stock Up 0.0 %

The firm has a market capitalization of $146.21 million, a price-to-earnings ratio of 9.83 and a beta of 0.86. The business has a 50 day simple moving average of $22.12 and a 200-day simple moving average of $20.68. The company has a debt-to-equity ratio of 0.69, a quick ratio of 0.90 and a current ratio of 0.91.

First United (NASDAQ:FUNC) last issued its earnings results on Monday, February 5th. The bank reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.21. First United had a return on equity of 12.03% and a net margin of 15.12%. The business had revenue of $26.98 million during the quarter, compared to the consensus estimate of $14.68 million. On average, equities analysts expect that First United Co. will post 2.8 EPS for the current year.

First United Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 17th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.63%. The ex-dividend date is Tuesday, April 16th. First United’s dividend payout ratio (DPR) is presently 35.71%.

Institutional Trading of First United

Hedge funds and other institutional investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its position in shares of First United by 1.2% during the first quarter. Dimensional Fund Advisors LP now owns 336,629 shares of the bank’s stock worth $5,676,000 after purchasing an additional 3,992 shares in the last quarter. EJF Capital LLC lifted its holdings in First United by 0.5% during the 1st quarter. EJF Capital LLC now owns 243,348 shares of the bank’s stock worth $5,483,000 after buying an additional 1,296 shares in the last quarter. Gendell Jeffrey L boosted its position in First United by 4.4% in the 4th quarter. Gendell Jeffrey L now owns 167,704 shares of the bank’s stock valued at $3,943,000 after buying an additional 7,064 shares during the period. BlackRock Inc. grew its stake in shares of First United by 36.6% in the second quarter. BlackRock Inc. now owns 110,963 shares of the bank’s stock worth $1,582,000 after acquiring an additional 29,704 shares in the last quarter. Finally, Bridgeway Capital Management LLC increased its position in shares of First United by 2.0% during the fourth quarter. Bridgeway Capital Management LLC now owns 68,612 shares of the bank’s stock worth $1,613,000 after acquiring an additional 1,344 shares during the period. 33.27% of the stock is owned by institutional investors and hedge funds.

First United Company Profile

First United Corporation operates as the bank holding company for First United Bank & Trust that provides various retail and commercial banking services to businesses and individuals. It offers various deposit products, which includes checking, savings, money market deposit, and regular and individual retirement accounts (IRAs), as well as certificates of deposit.