Barclays PLC Buys Shares of 4,218 First United Co. (NASDAQ:FUNC)

Barclays PLC bought a new stake in First United Co. (NASDAQ:FUNC) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 4,218 shares of the bank’s stock, valued at approximately $126,000. Barclays PLC owned about 0.07% of First United as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of FUNC. Empowered Funds LLC lifted its position in First United by 5.4% during the third quarter. Empowered Funds LLC now owns 23,713 shares of the bank’s stock worth $708,000 after purchasing an additional 1,206 shares during the period. American Century Companies Inc. increased its stake in First United by 13.2% during the 2nd quarter. American Century Companies Inc. now owns 39,947 shares of the bank’s stock valued at $816,000 after purchasing an additional 4,645 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings 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 in the last quarter. Renaissance Technologies LLC lifted its stake in First United by 14.3% during the 2nd quarter. Renaissance Technologies LLC now owns 82,195 shares of the bank’s stock valued at $1,678,000 after acquiring an additional 10,280 shares in the last quarter. Finally, Ritholtz Wealth Management bought a new position in shares of First United during the 3rd quarter worth approximately $460,000. 33.27% of the stock is owned by institutional investors.

First United Stock Performance

NASDAQ:FUNC opened at $32.38 on Friday. The business’s fifty day moving average is $34.26 and its 200 day moving average is $30.70. The firm has a market cap of $209.50 million, a price-to-earnings ratio of 13.16 and a beta of 0.81. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.94 and a current ratio of 0.94. First United Co. has a 52-week low of $19.17 and a 52-week high of $36.49.

First United (NASDAQ:FUNC) last announced its quarterly earnings results on Monday, October 21st. The bank reported $0.89 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $20.30 million. Research analysts predict that First United Co. will post 3.11 EPS for the current year.

First United Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, February 3rd. Investors of record on Friday, January 17th will be given a $0.22 dividend. The ex-dividend date of this dividend is Friday, January 17th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.72%. First United’s dividend payout ratio (DPR) is presently 35.77%.

Wall Street Analysts Forecast Growth

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

First United Profile

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.