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

Barclays PLC acquired a new stake 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.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. purchased a new stake in First United during the 3rd quarter valued at $97,000. SeaCrest Wealth Management LLC bought a new position in First United during the 3rd quarter valued at approximately $202,000. Ritholtz Wealth Management bought a new stake in shares of First United in the 3rd quarter worth approximately $460,000. Empowered Funds LLC boosted its holdings in First United by 5.4% in the third 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 in the last quarter. Finally, American Century Companies Inc. raised 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 worth $816,000 after purchasing an additional 4,645 shares in the last quarter. Institutional investors own 33.27% of the company’s stock.

Wall Street Analyst Weigh In

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

First United Stock Down 0.2 %

NASDAQ:FUNC opened at $32.38 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.94 and a quick ratio of 0.94. The firm’s 50-day moving average price is $34.26 and its 200-day moving average price is $30.70. The company has a market capitalization of $209.50 million, a PE ratio of 13.16 and a beta of 0.81. First United Co. has a 1-year low of $19.17 and a 1-year high of $36.49.

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

First United Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 17th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Friday, January 17th. First United’s 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.