First United (NASDAQ:FUNC) Shares Cross Above 200-Day Moving Average - Time to Sell?

First United Co. (NASDAQ:FUNC - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $29.39 and traded as high as $33.93. First United shares last traded at $33.42, with a volume of 26,033 shares changing hands.

Wall Street Analyst Weigh In

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

First United Trading Down 0.5 %

The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.70. The firm's 50-day moving average is $34.32 and its 200-day moving average is $29.49. The firm has a market cap of $215.03 million, a price-to-earnings ratio of 13.51 and a beta of 0.80.

First United (NASDAQ:FUNC - Get Free Report) last issued 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 net margin of 14.70% and a return on equity of 12.20%. The firm had revenue of $28.17 million during the quarter, compared to analysts' expectations of $20.30 million. As a group, sell-side analysts anticipate that First United Co. will post 3.11 EPS for the current fiscal year.

First United Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 17th will be given a dividend of $0.22 per share. The ex-dividend date is Friday, January 17th. This represents a $0.88 annualized dividend and a dividend yield of 2.65%. First United's payout ratio is 35.77%.

Institutional Trading of First United

Several institutional investors have recently made changes to their positions in the company. Fourthstone LLC grew its holdings in shares of 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 in the last quarter. Acadian Asset Management LLC grew its stake in First United by 72.2% in the 2nd quarter. Acadian Asset Management LLC now owns 66,698 shares of the bank's stock valued at $1,360,000 after purchasing an additional 27,973 shares during the period. Dimensional Fund Advisors LP increased its position in shares of First United by 7.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 372,330 shares of the bank's stock valued at $7,603,000 after purchasing an additional 24,457 shares during the last quarter. Ritholtz Wealth Management bought a new stake in shares of First United during the 3rd quarter worth $460,000. Finally, Renaissance Technologies LLC raised its stake in shares of First United by 14.3% during the 2nd quarter. Renaissance Technologies LLC now owns 82,195 shares of the bank's stock worth $1,678,000 after purchasing an additional 10,280 shares during the period. Institutional investors own 33.27% of the company's stock.

About First United

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.