First United (NASDAQ:FUNC) Stock Price Crosses Above Two Hundred Day Moving Average - What's Next?

Shares of First United Corporation (NASDAQ:FUNC - Get Free Report) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $31.79 and traded as high as $34.25. First United shares last traded at $33.50, with a volume of 36,858 shares.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised First United from a "hold" rating to a "buy" rating in a report on Tuesday, May 20th.

First United Stock Up 1.5%

The stock has a fifty day moving average price of $30.99 and a 200 day moving average price of $31.81. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market capitalization of $225.66 million, a P/E ratio of 10.01 and a beta of 0.61.

First United (NASDAQ:FUNC - Get Free Report) last announced its quarterly earnings results on Monday, April 21st. The bank reported $0.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.09. The company had revenue of $20.84 million for the quarter, compared to the consensus estimate of $20.63 million. First United had a return on equity of 12.94% and a net margin of 19.95%. On average, research analysts forecast that First United Corporation will post 3.75 earnings per share for the current year.

First United Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Friday, July 18th will be given a $0.22 dividend. The ex-dividend date is Friday, July 18th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.53%. First United's dividend payout ratio is currently 25.29%.

Institutional Trading of First United

Institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in First United by 31.3% in the fourth quarter. Bank of New York Mellon Corp now owns 15,440 shares of the bank's stock valued at $520,000 after purchasing an additional 3,683 shares during the last quarter. American Century Companies Inc. boosted its position in First United by 35.7% in the 4th quarter. American Century Companies Inc. now owns 54,487 shares of the bank's stock valued at $1,837,000 after buying an additional 14,348 shares during the period. O Shaughnessy Asset Management LLC lifted its position in shares of First United by 58.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 42,253 shares of the bank's stock worth $1,424,000 after purchasing an additional 15,523 shares during the last quarter. Trexquant Investment LP lifted its position in First United by 22.4% in the fourth quarter. Trexquant Investment LP now owns 21,156 shares of the bank's stock valued at $713,000 after acquiring an additional 3,870 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in First United by 1.2% in the fourth quarter. Renaissance Technologies LLC now owns 99,795 shares of the bank's stock valued at $3,364,000 after purchasing an additional 1,200 shares during the period. Institutional investors own 33.27% of the company's stock.

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.