First United Co. (NASDAQ:FUNC - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.74 and traded as high as $34.20. First United shares last traded at $34.02, with a volume of 17,461 shares changing hands.

Separately, StockNews.com upgraded First United from a "hold" rating to a "buy" rating in a research report on Monday, October 7th.

Get Our Latest Report on First United

The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.94 and a current ratio of 0.94. The firm has a market cap of $220.08 million, a price-to-earnings ratio of 13.83 and a beta of 0.80. The company's 50-day moving average is $33.89 and its 200-day moving average is $28.74.

First United (NASDAQ:FUNC - Get Free Report) last issued its quarterly earnings results on Monday, October 21st. The bank reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.10. The business had revenue of $28.17 million during the quarter, compared to analyst estimates of $20.30 million. First United had a net margin of 14.70% and a return on equity of 12.20%. On average, research analysts predict that First United Co. will post 3.11 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 17th will be issued a dividend of $0.22 per share. The ex-dividend date is Friday, January 17th. This represents a $0.88 annualized dividend and a yield of 2.59%. First United's dividend payout ratio is currently 35.77%.

Hedge funds have recently modified their holdings of the business. Fourthstone LLC boosted its stake in First United by 30.0% in the third quarter. Fourthstone LLC now owns 441,143 shares of the bank's stock valued at $13,164,000 after acquiring an additional 101,915 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of First United by 7.0% during the second quarter. Dimensional Fund Advisors LP now owns 372,330 shares of the bank's stock worth $7,603,000 after purchasing an additional 24,457 shares during the period. Huber Capital Management LLC increased its holdings in First United by 4.2% in the second quarter. Huber Capital Management LLC now owns 124,556 shares of the bank's stock valued at $2,543,000 after purchasing an additional 5,000 shares during the last quarter. De Lisle Partners LLP lifted its stake in First United by 9.0% in the third quarter. De Lisle Partners LLP now owns 120,838 shares of the bank's stock valued at $3,619,000 after buying an additional 10,000 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in First United by 14.3% during the second quarter. Renaissance Technologies LLC now owns 82,195 shares of the bank's stock worth $1,678,000 after buying an additional 10,280 shares during the last quarter. Institutional investors own 33.27% of the company's stock.

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.

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