2,084 Shares in First United Co. (NASDAQ:FUNC) Acquired by AJOVista LLC

AJOVista LLC bought a new position in First United Co. (NASDAQ:FUNC) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 2,084 shares of the bank’s stock, valued at approximately $49,000.

Separately, Gendell Jeffrey L boosted its position in First United by 7.7% during the third quarter. Gendell Jeffrey L now owns 160,640 shares of the bank’s stock valued at $2,606,000 after purchasing an additional 11,418 shares during the last quarter. 33.27% of the stock is currently owned by institutional investors.

First United Stock Performance

Shares of FUNC stock opened at $22.69 on Monday. The firm has a market cap of $150.66 million, a P/E ratio of 10.55 and a beta of 0.84. The company has a debt-to-equity ratio of 0.69, a current ratio of 0.91 and a quick ratio of 0.90. First United Co. has a fifty-two week low of $12.56 and a fifty-two week high of $24.28. The stock’s 50-day moving average is $22.33 and its two-hundred day moving average is $21.23.

First United (NASDAQ:FUNC) last issued its quarterly earnings data on Monday, February 5th. The bank reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.21. First United had a net margin of 13.82% and a return on equity of 11.79%. The firm had revenue of $26.98 million for the quarter, compared to analyst estimates of $14.68 million. Analysts predict that First United Co. will post 2.75 earnings per share for the current fiscal year.

First United Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Investors of record on Wednesday, April 17th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date was Tuesday, April 16th. First United’s dividend payout ratio is presently 37.21%.

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.