First United (NASDAQ:FUNC) Share Price Passes Above 200 Day Moving Average of $20.84

First United Co. (NASDAQ:FUNC)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $20.84 and traded as high as $22.42. First United shares last traded at $22.27, with a volume of 14,556 shares.

First United Stock Performance

The business has a fifty day simple moving average of $22.13 and a two-hundred day simple moving average of $20.84. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.91 and a quick ratio of 0.90. The company has a market cap of $147.87 million, a PE ratio of 9.94 and a beta of 0.86.

First United (NASDAQ:FUNC) last issued its quarterly 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. The business had revenue of $26.98 million for the quarter, compared to the consensus estimate of $14.68 million. First United had a return on equity of 12.03% and a net margin of 15.12%. Research analysts anticipate that First United Co. will post 2.8 earnings per share for the current year.

First United Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Wednesday, April 17th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date is Tuesday, April 16th. First United’s payout ratio is presently 35.71%.

Hedge Funds Weigh In On First United

An institutional investor recently raised its position in First United stock. Gendell Jeffrey L lifted its position in First United Co. (NASDAQ:FUNC) by 4.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 167,704 shares of the bank’s stock after acquiring an additional 7,064 shares during the period. Gendell Jeffrey L owned 2.51% of First United worth $3,943,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 33.27% of the stock is currently owned by hedge funds and other institutional investors.

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.