First United (NASDAQ:FUNC) Share Price Passes Above 200 Day Moving Average - Should You Sell?

Key Points

• Technical action: Shares briefly crossed above their 200‑day moving average (200‑day MA $37.34; intraday high $38.10) but last traded at $37.15 and were down about 3.4%, suggesting intraday volatility rather than a clear breakout.
• Fundamentals and income: First United beat Q1 estimates with EPS $1.02 (vs. $0.92) and $23.41M revenue, trades at a P/E of 9.5, and pays a $0.26 quarterly dividend (2.8% yield, 26.6% payout) amid an overall "Buy" analyst consensus.

First United Corporation (NASDAQ:FUNC - Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $37.34 and traded as high as $38.10. First United shares last traded at $37.15, with a volume of 7,934 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a "buy (b-)" rating on shares of First United in a research report on Thursday, January 22nd. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, First United has an average rating of "Buy".

First United Stock Down 3.4%

The business has a 50-day simple moving average of $36.85 and a two-hundred day simple moving average of $37.34. The stock has a market capitalization of $241.51 million, a P/E ratio of 9.50 and a beta of 0.53. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.47.

First United (NASDAQ:FUNC - Get Free Report) last announced its quarterly earnings results on Monday, April 20th. The bank reported $1.02 earnings per share for the quarter, beating analysts' consensus estimates of $0.92 by $0.10. First United had a return on equity of 13.51% and a net margin of 20.55%.The firm had revenue of $23.41 million for the quarter, compared to analysts' expectations of $22.83 million. Equities research analysts forecast that First United Corporation will post 4.4 earnings per share for the current fiscal year.

First United Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Friday, April 17th will be given a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Friday, April 17th. First United's dividend payout ratio is 26.60%.

Institutional Trading of First United

Large investors have recently made changes to their positions in the business. Daytona Street Capital LLC bought a new stake in shares of First United during the fourth quarter worth $1,390,000. TrueMark Investments LLC bought a new stake in shares of First United during the third quarter worth $1,282,000. SummerHaven Investment Management LLC bought a new stake in shares of First United during the third quarter worth $926,000. Wells Fargo & Company MN grew its holdings in shares of First United by 46.2% during the fourth quarter. Wells Fargo & Company MN now owns 6,750 shares of the bank's stock worth $253,000 after purchasing an additional 2,134 shares during the last quarter. Finally, AQR Capital Management LLC bought a new stake in shares of First United during the fourth quarter worth $215,000. Institutional investors own 33.27% of the company's stock.

First United Company Profile

First United Corporation is a bank holding company that, through its subsidiary First United Bank & Trust, provides a full suite of commercial and consumer banking services to individuals, businesses, and agricultural customers across central Oklahoma. The company offers deposit accounts such as checking, savings, money market and time deposits, alongside a variety of lending solutions covering commercial real estate, construction, agricultural and consumer loans.

In addition to traditional banking products, First United delivers treasury management and cash management solutions designed to streamline client operations, as well as online and mobile banking platforms for account access and payments.

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