2 weeks Ago By ABMN Staff
First United ( NASDAQ:FUNC – Get Free Report ) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday. First United Stock Performance NASDAQ FUNC opened at $28.
86 on Thursday. The stock has a market capitalization of $191.89 million, a price-to-earnings ratio of 13.
42 and a beta of 0.78. The business’s 50 day moving average is $25.
09 and its two-hundred day moving average is $22.88. First United has a 12-month low of $15.
68 and a 12-month high of $28.90. The company has a current ratio of 0.
90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.43.
First United ( NASDAQ:FUNC – Get Free Report ) last released its quarterly earnings data on Monday, July 22nd. The bank reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.
66 by $0.09. First United had a return on equity of 11.
85% and a net margin of 13.84%. The firm had revenue of $27.
95 million during the quarter, compared to analysts’ expectations of $19.34 million. Research analysts expect that First United will post 3 EPS for the current year.
Insider Activity at First United Institutional Trading of First United Several large investors have recently modified their holdings of the business. AJOVista LLC purchased a new stake in First United in the 4th quarter valued at approximately $49,000. Hillsdale Investment Management Inc.
purchased a new stake in shares of First United in the first quarter valued at $111,000. Price T Rowe Associates Inc. MD acquired a new stake in shares of First United during the first quarter valued at $209,000.
Quadrature Capital Ltd purchased a new position in First United in the 1st quarter valued at about $298,000. Finally, Empowered Funds LLC raised its position in shares of First United by 8.0% in the first quarter.
Empowered Funds LLC now owns 16,136 shares of the bank’s stock valued at $370,000 after buying an additional 1,192 shares during the last quarter. 33.27% of the stock is currently owned by institutional investors and hedge funds.
First United Company Profile ( Get Free Report ) 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. Read More Receive News & Ratings for First United Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First United and related companies with MarketBeat.
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