4,218 Shares in First United Co. (NASDAQ:FUNC) Purchased by Barclays PLC

Barclays PLC acquired a new position in First United Co. (NASDAQ:FUNC) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 4,218 shares of the bank’s stock, valued at approximately $126,000.

Several other institutional investors have also bought and sold shares of FUNC. Point72 Asia Singapore Pte. Ltd. acquired a new stake in First United in the third quarter worth about $97,000. SeaCrest Wealth Management LLC acquired a new stake in First United in the third quarter worth about $202,000. Ritholtz Wealth Management acquired a new stake in First United in the third quarter worth about $460,000. Empowered Funds LLC lifted its holdings in First United by 5.4% in the 3rd quarter. Empowered Funds LLC now owns 23,713 shares of the bank’s stock valued at $708,000 after acquiring an additional 1,206 shares during the last quarter. Finally, American Century Companies Inc. lifted its holdings in First United by 13.2% in the 2nd quarter. American Century Companies Inc. now owns 39,947 shares of the bank’s stock valued at $816,000 after acquiring an additional 4,645 shares during the last quarter. Institutional investors and hedge funds own 33.27% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of First United from a “hold” rating to a “buy” rating in a report on Monday, October 7th.

First United Price Performance

FUNC stock opened at $32.70 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.70. First United Co. has a one year low of $19.17 and a one year high of $36.49. The firm has a market capitalization of $211.54 million, a PE ratio of 13.29 and a beta of 0.81. The firm has a 50-day moving average of $34.40 and a two-hundred day moving average of $29.82.

First United (NASDAQ:FUNC) last posted its quarterly earnings data on Monday, October 21st. The bank reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.10. First United had a net margin of 14.70% and a return on equity of 12.20%. The company had revenue of $28.17 million during the quarter, compared to analyst estimates of $20.30 million. On average, analysts forecast that First United Co. will post 3.11 earnings per share for the current year.

First United Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Stockholders of record on Friday, January 17th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.69%. First United’s dividend payout ratio is 35.77%.

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.