ValuEngine lowered shares of First United (NASDAQ:FUNC) from a hold rating to a sell rating in a report released on Monday, ValuEngine reports.

NASDAQ FUNC opened at $12.88 on Monday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.91 and a current ratio of 0.91. The company has a market capitalization of $82.29 million, a price-to-earnings ratio of 6.81 and a beta of 0.82. The company’s 50-day simple moving average is $20.22 and its two-hundred day simple moving average is $22.74. First United has a one year low of $11.09 and a one year high of $24.99.

First United (NASDAQ:FUNC) last posted its earnings results on Wednesday, January 29th. The bank reported $0.41 EPS for the quarter. First United had a net margin of 17.61% and a return on equity of 9.58%. The business had revenue of $15.91 million for the quarter.

A number of hedge funds have recently added to or reduced their stakes in the stock. California Public Employees Retirement System lifted its stake in First United by 5.9% during the 3rd quarter. California Public Employees Retirement System now owns 37,686 shares of the bank’s stock valued at $829,000 after acquiring an additional 2,100 shares during the period. First Trust Advisors LP increased its holdings in First United by 13.0% in the 3rd quarter. First Trust Advisors LP now owns 14,508 shares of the bank’s stock worth $319,000 after acquiring an additional 1,672 shares in the last quarter. Barclays PLC increased its holdings in First United by 140.3% in the 4th quarter. Barclays PLC now owns 5,676 shares of the bank’s stock worth $137,000 after acquiring an additional 3,314 shares in the last quarter. Fourthstone LLC purchased a new stake in First United in the 4th quarter worth $1,674,000. Finally, Laurion Capital Management LP purchased a new stake in shares of First United during the fourth quarter worth $313,000. Institutional investors own 30.42% of the company’s stock.

First United Company Profile

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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