First United Corp (NASDAQ:FUNC)’s stock price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $18.81 and traded as low as $19.60. First United shares last traded at $19.69, with a volume of 4,716 shares trading hands.
Separately, ValuEngine upgraded Zogenix from a “buy” rating to a “strong-buy” rating in a report on Thursday, June 27th.
The company has a market cap of $140.79 million, a price-to-earnings ratio of 12.41 and a beta of 0.81. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.85. The firm’s fifty day moving average price is $18.85.
First United (NASDAQ:FUNC) last announced its earnings results on Tuesday, April 9th. The bank reported $0.44 EPS for the quarter. The business had revenue of $15.05 million for the quarter. First United had a return on equity of 9.67% and a net margin of 16.38%.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 1st. Investors of record on Wednesday, July 17th will be issued a dividend of $0.09 per share. The ex-dividend date is Tuesday, July 16th. This represents a $0.36 annualized dividend and a dividend yield of 1.82%.
Large investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its holdings in shares of First United by 512.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 1,446 shares of the bank’s stock valued at $25,000 after buying an additional 1,210 shares during the period. O Shaughnessy Asset Management LLC purchased a new stake in First United during the 4th quarter worth approximately $64,000. SG Americas Securities LLC purchased a new stake in First United during the 1st quarter worth approximately $106,000. First Trust Advisors LP increased its holdings in First United by 18.7% during the 4th quarter. First Trust Advisors LP now owns 12,764 shares of the bank’s stock worth $203,000 after purchasing an additional 2,008 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in First United by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 60,041 shares of the bank’s stock worth $955,000 after purchasing an additional 3,128 shares during the last quarter. Institutional investors and hedge funds own 38.80% of the company’s stock.
First United Company Profile (NASDAQ:FUNC)
First United Corporation operates as the holding company for First United Bank & Trust that provides various retail and commercial banking services to businesses and individuals. The company offers various deposit products, including checking accounts, savings and money market accounts, regular and individual retirement accounts (IRA) certificates of deposit, Christmas savings accounts, college savings accounts, and health savings accounts; Certificate of Deposit Account Registry Service program and Insured Cash Sweep program to municipalities, businesses, and consumers; and commercial customers packages, which include treasury management, cash sweep, and various checking opportunities.
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