First United (NASDAQ:FUNC) Shares Pass Above Two Hundred Day Moving Average - Should You Sell?

First United Co. (NASDAQ:FUNC - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $26.18 and traded as high as $34.75. First United shares last traded at $34.62, with a volume of 21,864 shares traded.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of First United from a "hold" rating to a "buy" rating in a research report on Monday, October 7th.

First United Trading Up 0.2 %

The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.70. The company has a market capitalization of $223.99 million, a P/E ratio of 14.07 and a beta of 0.78. The business has a fifty day moving average price of $31.00 and a 200 day moving average price of $26.18.

First United (NASDAQ:FUNC - Get Free Report) last released its earnings results on Monday, October 21st. The bank reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.10. The business had revenue of $28.17 million for the quarter, compared to analyst estimates of $20.30 million. First United had a return on equity of 12.20% and a net margin of 14.70%. On average, analysts expect that First United Co. will post 3.11 earnings per share for the current fiscal year.

First United Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Friday, October 18th were issued a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.54%. This is an increase from First United's previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, October 18th. First United's payout ratio is presently 35.77%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Fourthstone LLC raised its stake in First United by 30.0% in the 3rd 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 during the period. Acadian Asset Management LLC increased its holdings in shares of First United by 283.2% in the first quarter. Acadian Asset Management LLC now owns 38,725 shares of the bank's stock valued at $886,000 after purchasing an additional 28,619 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of First United by 7.0% in the second 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 period. Ritholtz Wealth Management bought a new stake in shares of First United during the 3rd quarter worth about $460,000. Finally, Quadrature Capital Ltd acquired a new position in First United in the 1st quarter valued at about $298,000. 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.